The New York Rangers have agreed to a one-year, $5.5 million contract extension with Braden Schneider. 

This comes shortly after Schneider filed for salary arbitration and had a hearing set for July 29. 

Schneider is coming off a two-year, $4.4 million contract with the New York Rangers, which expired after the 2025-26 season.

The 24-year-old defenseman was the subject of trade rumors throughout the 2025-26 season and went through a prolonged restricted free agency process, but the two sides ultimately agreed to go the bridge-deal route after reportedly gauging the trade market for Schneider. 

“We think Braden is a really good young talented defenseman,” Rangers president and general manager Chris Drury said. “So we drafted him, developed him, we like the skill set and what he does for us. I know he, along with me and us, are just trying to do everything we can to be better and help him be better, but he's an exciting player and a terrific all-around high character person in our organization.”

The Rangers added defensemen Sean Durzi and Marcus Pettersson this offseason, which will likely decrease Schneider’s role for the 2026-27 campaign. 

Despite re-signing with the Rangers, Schneider is set to become a restricted free agent next summer, as Schneider’s long-term future in New York remains uncertain.