Rangers trade Stepan, Raanta to Coyotes for No. 7 pick

The Arizona Coyotes are making moves.

The Coyotes have acquired center Derek Stepan and goaltender Antti Raanta from the New York Rangers on Friday in exchange for the seventh overall pick in this year's draft and defenseman Anthony DeAngelo.

It was the Coyotes' second blockbuster deal Friday after acquiring Niklas Hjalmarsson from the Chicago Blackhawks.

Stepan, 27, steps in as the No. 1 center in Arizona, where he will lead a depth chart that includes Christian Dvorak and Dylan Strome. Stepan has four years remaining on his contract, carrying a cap hit of $6.5 million.

Stepan's contract has a no-trade clause that kicks in July 1. He scored 55 points in 81 games last season.

Raanta arrives in Arizona as the go-to goalie after the Coyotes recently dealt Mike Smith to the Calgary Flames. The Finnish netminder secured a 16-8-2 record and .922 save percentage in 30 games last season.

DeAngelo, 21, made his NHL debut with the Coyotes this season, recording 14 points in 39 games. He was originally acquired from the Tampa Bay Lightning last June. The Lightning drafted DeAngelo with the 19th pick in 2014.