Report: Rangers' Stepan seeking $7.25 million per season on new contract

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Derek Stepan is looking for a substantial raise.

With an arbitration hearing set for Monday, the forward is reportedly seeking $7.25 million, while the New York Rangers are offering $5.2 million, according to Tim Wharnsby of CBC.

The restricted free agent ranked third on the team in scoring this past season, recording 16 goals and 39 assists for a total of 55 points in only 68 games.

For his career, he's averaged 0.7 points per game, and is a core player for a Rangers team looking to defend its Presidents' Trophy in 2015-16.

The 25-year-old is coming off a two-year deal worth $6.15 million.

Without a new deal for Stepan on the books, the Rangers have $6,151,000 of cap space heading into next season.