Financial terms were not disclosed by the club, although Frank Seravalli of Daily face to face reported that it is a deal of $ 22.666 million (annual average value of $ 5.65 million).
Shesterkin, whose 2020-21 cap was $ 925,000, was a restricted free agent but did not request arbitration.
The 25-year-old from Moscow emerged as a starter last season after the Rangers parted ways with Henrik Lundqvist. Shesterkin posted a 16-14-3 record, including two shutouts, and posted an average of 2.62 goals against and a .916 save percentage.
Overall, Shesterkin has a 23-12-3 record, 2.59 GAA and a .921 save percentage over the past two seasons. He was a fourth-round pick, 118 overall, in 2014.