Brassard will receive a five-year contract, his agent, Allan Walsh, said on Twitter.
Interesting last couple of hours, I can confirm that Derick Brassard has agreed to terms on a 5 year contract.
- Allan Walsh (@walsha) July 27, 2014
The deal is worth $25 million and contains a limited no-trade clause, a source confirmed to ESPNNewYork.com
Brassard, 26, scored a career-high 18 goals last season and recorded 45 points in 81 games. He then posted 12 points during the playoffs.
Earlier this offseason, the Rangers avoided arbitration with restricted free agents Zuccarello (one year, $3.5 million) and Chris Kreider (two years, $4.95 million).