Matt Gilroy signs with Rangers.

Former BU star and Hobey Baker Memorial winner Matt Gilroy has signed a professional contract with the New York Rangers.

TSN ----- Boston University free agent defenceman Matt Gilroy has signed a two-year deal worth $3.5 million with the New York Rangers.

It is a one-way contract however, he is not eligible to play for the Rangers in this year's playoffs. He will be eligible for free agency in three years.

Last week, Gilroy was named the winner of the Hobey Baker Award as the best U.S. college hockey player.

He followed that with a victory over Miami of Ohio in the national championship game at the NCAA's Frozen Four tournament.

One of the most sought-after free agent players, Gilroy scored eight goals and added 29 assists for 37 points in 45 games this past season.