Rangers have saved “millions” by tying Allan McGregor down to a new contract, according to Noel Whelan.

The former Leeds and Aberdeen striker, speaking exclusively to Football Insider, insisted it was a “no brainer” to offer the goalkeeper new terms after his outstanding season.

Rangers confirmed on Thursday the 39-year-old had signed a new one-year deal to keep him on board until next summer.

The veteran shot-stopper has been in exceptional form and played a key role in the Gers’ domestic and European success.

Summer signing Jon McLaughlin did have a run in the starting XI earlier this season.

However, McGregor’s performances have kept the summer signing rooted to the substitutes’ bench in recent months.

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The ex-Hull City star has played 37 times across all competitions this season and has conceded just eight times in 24 league games.

Whelan insisted there was no reason not to hand him a new deal.

Whelan told Football Insider assistant editor Russell Edge: I think it was a no brainer really when you think about the season that he’s had.

“If you get rid of a player like that and don’t award them with a new contract after the season that he’s had, it’d be a massive kick in the teeth.

“Where are you going to get another player with that amount of ability without spending millions and millions and millions of pounds?

“It was a win-win for everybody, for Rangers and McGregor.

“He’s still playing like he’s a spring chicken. What would the reason be for not handing him a new deal?” 

In other news, the hopeless SFA have been slaughtered after huge Rangers player blunder.