Rangers sign Kakko to 2-year deal

The New York Rangers signed restricted free-agent winger Kaapo Kakko to a two-year contract, the team announced Thursday.

The agreement carries an average annual value of $2.1 million, a source told The Athletic's Arthur Staple.

Kakko's entry-level contract expired this offseason. New York drafted him second overall, but the 21-year-old hasn't lived up to the billing of a lottery pick just yet with only 58 points in 157 career games.

The Rangers have approximately $1.8 million in remaining cap space after signing Kakko, the club's lone RFA.