Boston U's Gilroy signs with Rangers

Matt Gilroy was awarded the Hobey Baker as the nation's top collegiate player. Elsa/Getty Images

Boston University free agent defenseman Matt Gilroy has signed a multiyear contract with the New York Rangers.

The contract is worth $3.5 million for two years, sources told ESPN's John Buccigross.

Gilroy's decision Friday to sign with the Rangers caps a full week for the 24-year-old native of North Bellmore, N.Y.

One week ago, he was named the Hobey Baker Award winner as the best U.S. college hockey player.

One day later, he helped the Terriers to a stunning come-from-behind overtime win over Miami University in the NCAA Division I national championship game.

Gilroy assisted on the tying goal with just 17 seconds remaining in regulation to cap a furious two-goal rally in the final minute.

The BU captain isn't eligible to join the Rangers on their current playoff run. He will attend the club's late summer training camp with an eye on making their 2009-10 NHL roster.

Gilroy had eight goals and 29 assists in 45 games this season and captained the Terriers to their fifth NCAA championship. He was third in the nation among defensemen in scoring.

E.J. Hradek is a senior writer for ESPN The Magazine. The Associated Press contributed to this report.