The Florida Panthers have announced a three-year contract extension with forward Eetu Luostarinen, which carries a $3MM AAV according to Daily Faceoff’s Frank Seravalli. The deal pays the soon-to-be-25-year-old Luostarinen through the 2026-2027 season, covering his two remaining years of RFA eligibility as well as buying out one UFA year. CapFriendly reports Luostarinen will earn $1MM in base salary in all three seasons, supplemented by a $2.5MM signing bonus in 2024-25, a $2MM signing bonus in 2025-26, and a $1.5MM signing bonus in 2026-27.
Panthers GM Bill Zito offered the following statement regarding the signing:
Eetu is a dynamic two-way center whose speed and strength allow him to excel on any line. His consistency and dependability are a great asset to our forward group, and we are excited about what he can continue to bring to our lineup in the coming seasons.
Although Luostarinen finished the season injured and didn’t quite have the impact during the Panthers’ miracle run to the Stanley Cup Final he’d likely hoped to have, his 2022-23 season was undoubtedly his best as a professional hockey player, even going back to his productive days in Liiga in his native Finland.
Luostarinen arrived in Florida as part of the trade that sent Vincent Trocheck to the Carolina Hurricanes.
At the time, he was a 2017 second-round pick whose rangy six-foot-three frame and productivity in Liiga for KalPa suggested legitimate NHL upside, only he had struggled to make a consistent impact in his first season in North America.
As recently as last season, Luostarinen’s 26 points stood as a career-high for any season in North America.
This past year, though, Luostarinen finally put together all his tools at the NHL level and scored 17 goals and 43 points in 82 games. As Zito alluded to, Luostarinen’s combination of size and speed, as well as his versatility to be able to be used throughout the lineup made him an important player for the Panthers. He really clicked under first-year head coach Paul Maurice, and with this contract extension is likely to be a staple on a Panthers scoring line moving forward.
Luostarinen will make $1.5MM against the cap next season before this contract kicks in, and while the team might have struggled to afford this AAV next season, the cap’s expected rise could make things a bit easier for 2024-25.
Assuming Luostarinen can be relied upon to at the very least match his production from last season, this signing is a savvy bet from Zito. $3MM is already an affordable price to pay for 17 goals and 43 points of production, but if Luostarinen takes another step in his game this deal is a candidate to provide significant surplus value.
Seeing as the Panthers are intent on competing for a Stanley Cup in the next few seasons, getting Luostarinen locked up at this manageable price tag is a nice bit of business by the team’s front office.
Photos courtesy of USA Today Sports Images.