The Florida Panthers, fresh off consecutive Stanley Cup victories, are reportedly considering a blockbuster move to acquire star winger Artemi Panarin from the New York Rangers. This potential acquisition, however, would require significant roster and financial maneuvering.
Panarin, currently in the final year of a seven-year, $81.5 million contract with an $11.642 million cap hit, has a full no-movement clause, giving him considerable control over his destination. The Rangers, opting for a rebuild, are holding Panarin out of the lineup ahead of the Olympic break, signaling their intent to trade him.
Several teams have expressed interest in Panarin, but he is seeking a contract extension as part of any trade. Reports indicate he is looking for a deal worth around $50 million. Among the teams willing to discuss an extension, the Panthers are listed alongside the Washington Capitals, Los Angeles Kings, San Jose Sharks, Detroit Red Wings, and Carolina Hurricanes.
Florida's appeal to Panarin is multifaceted. NHL insider Pierre LeBrun suggests the Panthers are near the top of Panarin's list, citing the team's success and overall approach. His close friendship with Panthers goaltender Sergei Bobrovsky is another factor. However, the Panthers' already significant cap commitments pose a considerable hurdle.
According to Spotrac.com, the Panthers have over $83 million allocated to active roster. Key players like Aleksander Barkov ($10 million), Matthew Tkachuk ($9.5 million), and Sam Reinhart ($8.625 million) carry substantial cap hits. While the salary cap is projected to increase to $104 million for the 2026-27 season, the Panthers also have several players to re-sign.
To accommodate Panarin's hefty contract, the Panthers would likely need to shed salary. This could involve trading away established players, a move that could disrupt team chemistry despite the potential offensive boost from Panarin. Elliotte Friedman of Sportsnet noted that the Panthers would need to "get creative" to make the deal work. Sending a player like Evan Rodrigues back to the Rangers could be a component of a potential trade.
Another factor impacting the Panthers' trade strategy is the health of captain Aleksander Barkov. His absence due to injury has limited the team's financial flexibility. The Panthers are hesitant to place Barkov on season-ending injured reserve, which would free up cap space, as they anticipate his return.
Despite the challenges, the Panthers' interest in Panarin highlights their continued commitment to contending for championships. Acquiring a player of Panarin's caliber would undoubtedly elevate their offensive firepower. He has averaged 35 goals and 100 points per 82 games since turning 30. This season, despite playing on a struggling Rangers team, he has 19 goals and 57 points in 52 games.
Ultimately, whether the Panthers can successfully navigate the complexities of acquiring Panarin remains to be seen. General Manager Bill Zito has a reputation for making bold moves, and landing Panarin would be his most ambitious yet. The coming weeks will be critical as the trade deadline approaches and the Panthers weigh the potential rewards against the risks of shaking up their core.