*UPDATE* The Rangers and Zibanejad agree on a five year, 5.35 AAV contract extension. Frankly, it appears as if the Rangers blinked first, so credit Zibanejad and his new agent, who I believe is his brother in law, for getting a very favorable contract.
There is still time to get a deal done, but that time is running short. They could also have the arbitration and then strike a long term deal before the arbitrator renders his decision, just as the Red Wings and Tatar did.
I would write more about timing and rules, but I am just swamped. I’m sure someone smarter than me will fill you all in later today.