The Tampa Bay Lightning announced they have signed defenceman Ryan McDonagh to a seven-year, $47.25 million contract extension.

The Lightning acquired McDonagh at the trade deadline last season and he finished with two goals and an assist in 14 games for the team down the stretch.

The 29-year-old McDonagh has played in eight NHL seasons, mostly with the New York Rangers, and has 53 goals and 188 assists in 530 games.