During the off-season, Lund was traded to the New York Rangers, where he won the Calder Memorial Trophy as rookie of the year by scoring 14 goals and adding 16 assists in 59 games. He also became the first Finnish-born player to score a goal in the NHL. In his second year with the Rangers, he scored a career high 18 goals. Lund and the Rangers made a great run to the Stanley Cup Finals as the fourth seeded team. Lund had a great postseason as he recorded 11 points in 12 games. The Rangers would lose the Stanley Cup to the first-place Detroit Red Wings in seven games.