Trade Deadline Primer: Florida Panthers

With the 4 Nations Face-Off break upon us, the trade deadline looms large and is less than a month away. Where does each team stand, and what moves should they be looking to make? We continue our look around the league with the Florida Panthers.

The defending Stanley Cup champion Florida Panthers are again one of the top teams in the league. While many factors can influence the outcome before the Stanley Cup is awarded this season, MoneyPuck currently gives Florida a 15.9% chance of winning again, the highest probability of any team. Probability doesn’t always reflect reality, however, and the Panthers will look to put the finishing touches on their roster by deadline day. Still, given that this season’s roster is remarkably similar to last year’s, Florida won’t have to do much.

Record

34-20-3, 1st in the Atlantic

Deadline Status

Conservative buyer

Deadline Cap Space

$3.506MM on deadline day, 0/3 retention slots used, 45/50 contracts used, per PuckPedia.

Upcoming Draft Picks

2025: CGY 4th, FLA 4th, SJ 5th, FLA 5th, FLA 6th, FLA 7th
2026: FLA 1st, FLA 2nd, FLA 4th, FLA 5th, FLA 6th, FLA 7th

Trade Chips

The Panthers are somewhat limited in terms of trade assets. They are unlikely to trade any draft picks, especially since their next selection won’t come until the fourth round of the 2025 NHL Draft. While their 2026 first-round pick holds significant value, the Panthers have not had a first-round pick since the 2021 NHL Draft. Despite Florida being in their championship window, missing out on adding a promising prospect for several years is concerning.

They don’t have many prospects to trade either. Scott Wheeler of The Athletic (Subscription Article) recently ranked Florida dead last in prospect pool rankings although they had more quantity than their lower-ranked peers. Still, it’s hard to imagine the Panthers trading away two, three, or four of their prospects to land an impact player.

Thanks to top-notch performances from players already on the team, and an important lack of injuries this season, Florida doesn’t need to add much. The only player on the roster that may have value, and the Panthers might be inclined to move in the right deal, is netminder Spencer Knight. The former 13th overall pick of the 2019 NHL Draft is doing well in his return to the NHL, managing an 11-8-1 record through 20 starts with a .906 save percentage and 2.47 goals-against average. Still, the perceived trade market for goalies and a $4.5MM salary for this year and next might push a decision on Knight’s future with the team to the offseason.

All in all, this deadline should look remarkably similar to last year’s for the Panthers. Florida acquired Vladimir Tarasenko and Kyle Okposo in separate deals for a combination of three mid-round picks. Should the deadline become a buyers’ market, Florida may be willing to deal with some fourth- or fifth-round picks but it’s unlikely to be more.

Team Needs

1) Right-Handed Defenseman: If Florida needs anything, it’s a right-handed shooting defenseman. Aaron Ekblad is the only one on the NHL roster and one of only three, including their AHL affiliate, the Charlotte Checkers. Henri Jokiharju of the Buffalo Sabres is likely their best option. He’s posted solid possession and defensive metrics in his role with Buffalo which should translate well into the Panthers’ system. They do not need an offensive weapon from the back end, given that Florida has a top-five offensive and top-10 powerplay. Jokiharju should help keep the puck out of the net and improve a 17th-ranked penalty kill.

Image courtesy of USA Today Sports.