October 15, 2020 | 4:45pm | Updated October 15, 2020 | 5:01pm

So it’s one down and three to go for the Rangers and their restricted free agents who have filed for arbitration.

The Blueshirts and goaltender Alex Georgiev settled for a two-year deal worth an annual cap hit of $2.425 million, The Post has confirmed. The 24-year-old netminder will earn $2.2M this year and $2.65M in 2021-22, after which he will be one year away from unrestricted free agency.

It would be a surprise if Georgiev, who is expected to back-up Igor Shesterkin this year, completes this contract as a Ranger.

Georgiev, who started nine of the club’s final 15 games, went 17-14-2 overall in 34 games (32 starts) with a .910 save pct. and a 3.04 GAA. In three seasons, the undrafted Bulgarian-born netminder who moved to Russia as a young child is 35-31-7 with a .913 save pct. and 3.00 GAA.

The contract might be considered somewhat pricey for a backup, but, a) The Rangers need insurance behind Shesterkin, who was injured three different times (once in an automobile accident) during his abbreviated rookie season; and, b) Pittsburgh’s 25-year-old netminder Tristan Jarry, a career 34-20-4 with a .914 save pct. and 2.61 GAA, just signed a three-year deal worth an annual cap hit of $3.5M that could have been used as comparable in an arbitration hearing.

This signing ate much of the $3M the Rangers saved by buying out Henrik Lundqvist, but the maneuver was more about clearing the crease than it was clearing cap space.

The Blueshirts have approximately $14.055M in available space with which to sign their outstanding restricted free agents and add a seventh defenseman and/or 13th forward.

Tony DeAngelo’s arbitration hearing is scheduled for Oct. 20, Ryan Strome’s is set for Nov. 5, and Brendan Lemieux’s is scheduled for Nov. 6, though No. 48 is probably more likely to reach a negotiated settlement prior to the hearing.