The Rangers have alternated successful seasons with disappointing ones in Drury's four years as general manager.

The Rangers had Stanley Cup-contending aspirations coming off a trip to the Eastern Conference final. Instead, they struggled through off-ice drama involving captain Jacob Trouba, who was traded to Anaheim in December.

Coming off the worst season of his four-year tenure as team president and general manager, Chris Drury has agreed to a multi-year contract extension to stay on with the Rangers, the team announced late Wednesday afternoon.