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Panthers Re-Sign Dmitry Kulikov To Four-Year Extension

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The Florida Panthers have re-signed defenseman Dmitry Kulikov to a four-year, $4.6MM contract extension, per Bob McKenzie of TSN (Twitter link). The deal carries an annual cap hit of $1.15MM.

Kulikov had a storybook return to the Panthers organization this season. He scored just one goal and 20 points in 76 games, adding 63 penalty minutes, and a +15.  He didn’t add any scoring in the postseason, though he still appeared in 22 of the team’s 24 postseason games. And still, Kulikov concluded the year by lifting the Stanley Cup with the club that drafted him 15 years ago.

Florida was Kulikov’s home for the first seven years of his career, stepping into the NHL immediately after being drafted 14th overall in the 2009 NHL Draft. He was drafted following a QMJHL championship-winning season with the Drummondville Voltigeurs and carried his impactful lineup role into the pros, scoring 16 points in 68 games as a rookie. Kulikov found a stout role as a defensive defender early in his career that he hasn’t let go of since, even as he’s gone on to play 948 career games with eight different clubs.

That consistent impact is beginning to slow down as Kulikov approaches 34, with his role now much more centered around the bottom pairing. But it’s a role that he nonetheless serves well, and one that he’ll return to with Florida next season – especially following the departure of Oliver Ekman-Larsson, who has chosen to test free agency.

Panthers, Sam Reinhart Agree To Eight-Year Deal

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8:33 a.m.: Florida has made Reinhart’s extension official.

6:56 a.m.: The Panthers managed to get top pending UFA right winger Sam Reinhart signed to a max-term, eight-year extension before last night’s midnight ET deadline, per multiple reports (including Pierre LeBrun of TSN and The Athletic). As such, last year’s 57-goal man is off the market and will stay with the defending Stanley Cup champions through the 2031-32 season. The deal will carry an annual cap hit of $8.625MM, per Sportsnet’s Elliotte Friedman.

They ran close to the deadline, but Florida has found a way to sign Reinhart to the maximum extension after a career-defining year on the team’s top line. Reinhart chased history, with his 57 goals the most scored by any Panther in the club’s history, save for Pavel Bure. Reinhart added 37 assists, bringing his scoring up to a career-high 94 points in 82 games. The totals trump his previous career-high of 82 points – set during his first year with the Panthers in 2021-22. But it wasn’t just all offense, as Reinhart also finished fourth in Selke Trophy voting – the first behind finalists Aleksander Barkov, Jordan Staal, and Auston Matthews.

Reinhart achieved his scoring on the back of fantastic shooting any time he came close to the slot. That made him all the more dangerous when he had extra space on the power play, with Reinhart scoring a league-leading 27 goals on the man advantage this year. He kept things hot in the postseason, too, with nine goals and 15 points in 22 games – one more goal and assist than he managed in 21 playoff games last year.

Florida acquired Reinhart’s rights in July of 2021, trading away the rights to goaltender Devon Levi and the first-round selection used on Jiri Kulich. The deal, most notably, freed Reinhart from a middling Sabres team. Reinhart had found success in Buffalo, scoring 20 goals in five of his six seasons with the Sabres and flirting with the 50-point mark. But with little support around him, Reinhart was tasked with the duties of play-driving and even taking faceoffs, pulling him away from the high-tempo offense he clearly prefers.

That role has changed with the Panthers, who have been much more content to let Reinhart play a shoot-first game from the wing. That’s certainly helped along by Florida’s much-improved center depth, headlined by the incredibly quick and always-responsible Barkov. The change has clearly inspired something within Reinhart, who’s posted 121 goals and 243 points across 242 games with the Panthers.

Reinhart now receives the contract of a lineup staple, though surprisingly avoiding the illustrious $9MM figure that many top players are seeking. Only 11 players have scored 50 or more goals in the last five seasons. Of them, Chris Kreider is the only other player not making at least $9MM. He instead carries a very team-friendly $6.5MM cap hit through the next three seasons. Florida couldn’t get so lucky to sign Reinhart to that kind of deal, but they’ll come close by keeping him under $8.75MM.

With a new deal in place, Reinhart is destined for a starring role in Florida for as long as he can hold onto it. Meanwhile, the team will now enter the open market with $10.892MM in cap space. They still need to re-sign restricted free agents Anton Lundell and Josh Mahura – and will still sit three forwards and one defender shy after those deals. That could set them up for a few meager additions on the open market, though strained cap space could have Florida instead looking to promote players like Mackie Samoskevich, Rasmus Asplund, or Michael Benning.

Image courtesy of USA Today Sports.

Lomberg Not Expected To Re-Sign With Panthers

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  • Pending UFA winger Ryan Lomberg appears to have priced himself past what the Panthers can afford, relays David Dwork of The Hockey News (Twitter link). The 29-year-old put up 12 goals and 20 points in 2022-23 but was limited to just five goals and two assists in 75 games this past season although he added a career-high 175 hits.  Lomberg played on an $800K AAV for the last two years and Florida will need to have several players at that price point again next season.  If Lomberg believes he can beat that on the open market – a reasonable assumption – then he’ll have to go elsewhere to get it.

Talks Continue With Reinhart, Ekman-Larsson Will Test Free Agency

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Contract discussions between the Panthers and Sam Reinhart appear to be going down to the wire, reports Pierre LeBrun of TSN and The Athletic (Twitter link).  The 28-year-old is coming off a career year, one that saw him score 57 goals and 37 assists while playing in all 82 games, setting new personal bests in goals and points.  He didn’t produce at quite the same rate in the playoffs but still managed 16 points in 24 games to help lead Florida to their first Stanley Cup title.  Reinhart is in line for a significant raise on the $6.5MM AAV he had over the last three seasons while getting a max-term agreement.  However, the length of that max-term contract is about to change.  Unless a contract is agreed to by 11 PM CT, Florida will be capped at offering only seven years.  If a deal is reached before that time, they can make it an eight-year agreement.

  • While the Panthers are hoping to keep Reinhart in the fold, it looks like they won’t be re-signing Oliver Ekman-Larsson, at least not yet. Rick Dhaliwal of TSN and The Athletic reports (Twitter link) that the veteran blueliner will be testing the open market.  After being bought out by Vancouver last summer, the 32-year-old signed a one-year, $2.25MM deal with Florida to try to rebuild his value.  The move worked as Ekman-Larsson had a solid season, notching 32 points in 80 games while logging over 18 minutes a night.  He also recorded six points in 24 playoff contests.

Panthers Sign Rasmus Asplund To One-Year Deal

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During parade day for the 2024 Stanley Cup Champions Florida Panthers, the organization got a minor item of work completed. PuckPedia reports that the organization has signed forward Rasmus Asplund to a one-year, two-way agreement that will pay $775K at the NHL level and $400K at the AHL level. The reported deal was later confirmed by David Dwork of The Hockey News.

After being traded from the Buffalo Sabres to the Nashville Predators during the 2022-23 NHL season, Asplund became an unrestricted free agent last offseason after not receiving a qualifying offer from the Predators. A few days after free agency officially opened, Asplund signed an identical contract with the Panthers paying him $775K at the NHL level and $400K in the AHL.

As things would turn out, Asplund would never see a dime of his salary in the NHL as he spent the entire year with the Charlotte Checkers of the AHL. As an effective playmaker in the minor leagues, Asplund scored nine goals and 35 assists in 67 games which led the team in the latter category.

It will be interesting to see how high the Panthers play Asplund up the depth chart next season as the team could lose several players up front to unrestricted free agency in the next 24 hours. If Florida can bring back a generous amount of their forward depth from last year, expect Asplund to spend most if not all of his time back in the AHL.

Panthers Optimistic About Re-Signing Sam Reinhart

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The Florida Panthers are optimistic about their ability to re-sign star forward Sam Reinhart, general manager Bill Zito tells Tom Gulitti of NHL.com. Zito adds, though, that the team may not have enough cap space to bring back both Reinhart and top-pair defenseman Brandon Montour. He said, “We’re going to spend to the cap… I’m going to spend it all, so you want [cap space], and I don’t have it, I can’t manufacture it. It’s frustrating, it’s harder, perhaps, but there’s really nothing you can do.”

The Panthers are entering the summer with $19.52MM in projected cap space and a daunting 13 pending free agents. In addition to Reinhart and Montour, Florida will have to negotiate with Vladimir Tarasenko, Anton Lundell, and Anthony Stolarz. Each of those players could demand chunks of Florida’s remaining funds, especially as Zito says the team’s goal is to bring back as much of their first Stanley Cup-winning roster as they can.

To do that successfully, Florida will first need to get by Reinhart’s contract without spending half of their budget. It seems hard to tell how much the 28-year-old winger could demand on a new deal, after posting a dazzling 57 goals and 94 points this season. The performance was the most goals ever posted by a Panther not named Pavel Bure – and proceeded two 30-goal seasons in Reinhart’s first two years with the Panthers. He’s carried his scoring tough into the postseason, with 20 goals and 32 points in 53 playoff games since joining Florida in 2021. Reinhart also carries draft precedent, having gone second overall in 2014. While that latter point may not be much reason to pay him more, it could be reason to not pay him less.

An ideal world could see Reinhart sign a deal similar to the eight-year, $72MM deal former teammate Jeff Skinner just had bought out by the Buffalo Sabres. Skinner doesn’t seem to be in much of a place to vindicate the deal’s second half but it was enough to control him through strong seasons with the Sabres. Reinhart, who has performed at a higher and more consistent level than Skinner, could make a structure like this look much better, likely won’t be as quick to fall off; though Skinner’s buyout could be a good forewarning to the Panthers to avoid long term.

That structure would leave Florida with just over $10MM for the rest of their summer. That certainly won’t be enough to make all of the moves they’d surely like to make, including bringing back Montour after a career-high 73 points last season. Montour brought that scoring back to 33 points this year, though he’s still commanded a prominent role in Florida’s top-four. The Panthers have been rumored to be shopping around star defenseman Aaron Ekblad, which would open the cap space to move forward with Montour and Gustav Forsling as a top pair.

But even that could be a tall order as teams face more cap headaches than anyone wants. Florida is among the most stressed, as they look to build back as best of a lineup as they can while sticking to their budget.

Brandon Montour Expected To Reach Free Agency

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Days after winning the Stanley Cup, it appears Brandon Montour’s time in South Florida is drawing to a close. The defenseman, who checks in at No. 4 on our Top 50 Unrestricted Free Agents list, will be available on July 1, Sportsnet’s Elliotte Friedman said earlier Friday on the Pat McAfee Show (via The Hockey News’ Max Miller). Andy Strickland of Bally Sports Midwest seconds the belief.

Montour is one of many pending UFAs on the Panthers’ roster, but he and 57-goal winger Sam Reinhart are the big fish. With Montour likely heading to market, there’s a high likelihood of Florida being able to retain Reinhart’s services on a likely eight-year deal, Strickland reports.

The 30-year-old is coming off a more down-to-earth year but was still a top-pairing threat with eight goals and 33 points in 66 games while logging 23:27 per night. His season got off to a late start thanks to offseason shoulder surgery, which he required after playing through an injury en route to Florida’s losing trip to the Cup Final in 2023.

The smooth-skating yet physically involved defender still has a lot of market value stemming from his spectacular 2022-23 campaign. Montour flourished in his first season in top-pairing duties, racking up 57 assists and 73 points in 80 games that helped him place 12th in Norris Trophy voting. He leveraged 242 shots on goal, 107 PIMs, and controlled 54.6% of expected goals when deployed at 5-on-5, per Hockey Reference.

That showed he can flourish as a dual-threat top-pairing talent when healthy. While repeating that point production is highly unlikely elsewhere (his previous career high was 37), he was on pace for 41 this year and will likely continue to challenge the 40-60 point range in another market, especially if given an opportunity on the top power-play unit.

We mocked Montour to Utah as their first big free-agent splash in our Top 50 list, earning a six-year deal at $7.15MM per season. With Florida’s season ending so late, there hasn’t been much credible information about which teams will display serious interest when he becomes available Monday, but he’d certainly make sense there as they reshape their blue line after moving the roster from Phoenix to Salt Lake City.

Panthers Re-Sign Patrick Giles, Matt Kiersted

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The Panthers have re-upped minor-league forward Patrick Giles on a two-year, two-way deal, per a team announcement. It pays him $775K NHL/$100K AHL ($132.5K guaranteed) in 2024-25 with a minor pay bump to $775K NHL/$150K AHL ($180K guaranteed) in 2025-26, PuckPedia reports. He was slated to become an RFA with arbitration rights on July 1. They’ve also extended defenseman Matt Kiersted on a one-year, two-way pact, keeping their lips sealed on cap figures for that one.

Giles, 24, first found his way into the Panthers organization after wrapping up a four-year career at Boston College, inking an amateur tryout with AHL Charlotte to end the 2021-22 campaign. He earned an invite to Panthers training camp the following fall, earning an entry-level contract in the process.

The big-bodied 6’4″ forward can play both center and right-wing and has been a serviceable bottom-six piece in Charlotte the last two years, scoring 16 goals and 21 assists for 37 points in 148 showings for the Checkers. The Maryland native may not have much of an NHL future ahead of him, but he’s a good energy presence to help insulate Florida’s more promising up-and-comers. Assuming he plays fewer than 80 NHL games over the life of his extension, he’ll hit UFA status early via a Group VI exception in 2026.

Like Giles, Kiersted was an undrafted free-agent signing out of college, but he didn’t need to wait until the fall to land his first NHL deal. Florida added him to the roster immediately after he wrapped up his senior season with the University of North Dakota in 2021. Now 26, he was expected to challenge for major-league time after being named to the NCHC’s First All-Star Team in his final season with the Fighting Hawks, but he hasn’t managed to stick around.

Kiersted has spent most of the past three seasons in Charlotte, where he has 56 points in 169 career games with a +23 rating. He’s developed into a top-four fixture there, but 2023-24 was his first season without NHL time since turning pro. Kiersted did play in 37 NHL games between the 2020-21 and 2022-23 campaigns, recording two goals, six assists and a -8 rating while averaging a paltry 11:59 per game. His one-year extension walks him to UFA status next summer.

Offseason Checklist: Florida Panthers

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After this year’s Stanley Cup champion was crowned, the offseason has arrived for everyone. It’s time to examine what teams will need to accomplish over the coming months.  Last up is a look at the Cup champion Panthers.

After reaching the Cup Final last year before bowing out fairly quickly to Vegas, there was only one way Florida could improve on their fortunes.  They did just that, surviving losing three straight to Edmonton to erase a 3-0 series lead to win their first title in franchise history.  Now, GM Bill Zito has a lot to contend with concerning his roster for the summer and not a lot of time to do it.

Try To Keep Key UFAs

The Panthers have a sizable list of pending unrestricted free agents, many of which are core pieces.  How successful their offseason ultimately is will be determined by how many they’re able to keep or how well they’re able to replace them with the roughly $19.5MM in cap room they have, per CapFriendly.

Up front, the biggest name is Sam Reinhart.  After a quieter second season in Florida, the 28-year-old turned things around, putting together a career year that saw him put up 57 goals and 94 points during the regular season while adding 16 points in the playoffs.  A strong defensive player, Reinhart can also play down the middle if called upon which would only boost his value.  After making an average of $6.5MM over the last three years, Reinhart is well-positioned to earn a significant raise and a long-term deal.  He could conceivably cost up to half of Florida’s remaining cap room.

Then there’s Vladimir Tarasenko.  After his market didn’t materialize as planned, he settled for a one-year, $5MM deal with Ottawa, who flipped him to the Panthers at the trade deadline.  Notably, the 32-year-old made it known he’d only waive to go to Florida.  With 23 goals and 32 assists, he should be able to command a similar-sized price tag which could price him out of their range unless he’s willing to take a team-friendly deal.

On the back end, they took care of one key pending free agent when they signed Gustav Forsling to an eight-year, $46MM extension to keep him away from the open market.  But they have the top blueliner from this year’s class in Brandon Montour as well.  The 30-year-old broke out with Florida, living up to the high-end potential many felt he had.  He posted a career-best 73 points in 2022-23 but only managed 33 in 66 games during the regular season which will likely lower his overall price.  Having said that, he could still more than double the $3.5MM AAV he had over the past three years which could make it hard to keep him around.  Oliver Ekman-Larsson also had a nice bounce-back year and is set to hit the open market where he should command more than the $2.275MM he made this season.

Early Extension Talks

If those pending free agents weren’t notable enough, the Panthers have three key pieces that will be entering the final year of their respective contracts on July 1st, making them extension-eligible at that time.  While getting them locked up early isn’t necessary, Zito at least needs to get a sense of what those players are looking for as that will likely impact how many of their current free agents (who should all command multi-year contracts this time around) they’re able to try to re-sign.

One of those players is Carter Verhaeghe.  When he first arrived with Florida, he had yet to establish himself as a full-time NHL player.  Now, just four years later, he has been one of the better bargains in the NHL while his offensive game has taken off.  In 2022-23, he potted 42 goals and 31 assists and followed that up with 34 goals and 38 helpers this season.  Those are top-line numbers that will have him positioned to command a long-term agreement and a significant raise.  For context, Verhaeghe made just $1MM in his first two seasons with the Panthers and currently has a cap charge of $4.167MM.  Next time out, he could potentially double it with an AAV that should check in around the $8MM range.

Meanwhile, Aaron Ekblad will soon be in need of a new deal on the back end.  The agreement that he’s on now was a record-setting deal at the time for a defenseman coming off his entry-level contract as he took an eight-year deal that carried a $7.5MM AAV.  While he never really took off offensively (aside from the 2021-22 campaign), the Panthers have still done rather well with that contract as Ekblad has been a workhorse for most of that time.  However, he dealt with some injury issues this season while his playing time was more limited; his 20:52 per game was a career-low.  It’s possible that Florida will try to get him to take a bit less this time around which makes it more challenging to see a deal get done in the coming weeks.  Those discussions will come with a new agent as PuckPedia reports (Twitter link) that he’s now represented by Newport’s Craig Oster.

Then there’s Sam Bennett.  His regular season numbers don’t jump off the page (his career-high in points is 49) but he’s coming off two strong playoff performances that saw him produce at a better rate, something that doesn’t generally happen.  On top of that, he’s a power forward who also plays center.  That’s a combination that will have a lot of teams gearing up to put in offers so it stands to reason that he’s in line for a considerable raise on his current $4.425MM AAV.

Again, they don’t have to get these players signed just yet.  Simply knowing what the asking prices are likely to be should give Zito enough information to formulate his plan for his pending free agents.

Knight Decision

With Spencer Knight spending a good chunk of 2022-23 away from the team while being in the NHL/NHLPA Player Assistance Program, Zito decided he needed some insurance between the pipes, inking Anthony Stolarz to a one-year, $1.1MM contract, a deal that couldn’t have worked out any better for them.  With Knight being young enough to get to the minors without waivers, he entered the season as Florida’s third-string option.

From a games-played perspective, things worked out relatively well for Knight as he played 45 times, his highest amount of appearances since his draft year.  However, his numbers with AHL Charlotte weren’t dominant by any stretch the way you’d hope someone making $4.5MM would be able to put up.  While he finished eighth among qualifying netminders in GAA (2.41), his SV% (.905) was only good for a tie for 28th place.  He got to play but management was probably hoping he’d have been more effective.

At this point, Stolarz is likely to price himself out of what Florida can afford as he’s slated to be one of the better options in a UFA goaltending class that is relatively weak.  Accordingly, Zito needs to decide if Knight is ready to re-assume the second-string duty behind Sergei Bobrovsky.  If so, then he has his very expensive tandem in place.  If not, then he’ll need to find a replacement.

And if the decision is made that Knight isn’t going to be the backup next season, Florida will need to contemplate a buyout.  He’s young enough that the buyout cost would only be $750K for four years.  If he’s buried in the minors again (he remains waiver-exempt), the cap charge would be $3.325MM.  That $2.575MM difference could be enough for a lower-cost backup on a deal similar to the one Stolarz received a year ago while freeing up funds to up an offer to one of their core free agents.

Knight didn’t play a single second for Florida during the regular season or playoffs but he could still play a big role in what the Panthers can and can’t do in the coming days and weeks.

Add Low-Cost Depth

Last summer, Zito had to make some low-cost acquisitions, bringing in Kevin Stenlund, Steven Lorentz, Dmitry Kulikov, Mike Reilly, Uvis Balinskis, and Stolarz on cheap deals worth $1.1MM or less.  For the most part, they did quite well with those pickups.

Now, Zito will be trying to repeat that level of success on what’s likely to be a mostly new group (only Balinskis is still signed) while also trying to replace some other veteran UFAs including Ryan Lomberg and Nick Cousins.  They could be looking at signing five or six forwards and a couple of defensemen with their remaining cap space while keeping in mind how much some of those top players are likely to command on the open market.

It’s quite possible that the $1.1MM line might be too steep for the Panthers this time around.  Now, they might have to shop for options much closer to the league minimum if not right at the $775K minimum salary to stretch every dollar.  Zito will have to find a way to find veterans who can provide a similar level of performance as his group from last summer while being even more constrained financially, assuming he’s able to keep at least one of his key free agents.  That will be a tough needle to thread for a second straight year.

Photo courtesy of USA Today Sports Images.

Panthers Win Stanley Cup, Connor McDavid Wins Conn Smythe

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The Florida Panthers are your 2024 Stanley Cup champions, recovering from blowing a 3-0 series lead by taking Game 7 at home by a score of 2-1. The Conn Smythe Trophy for playoff MVP is going to a skater from the losing club for the second time in NHL history, though. Oilers superstar Connor McDavid receives the honor after recording a postseason-leading 34 assists and 42 points in just 24 games, the former of which is an all-time record.

Among the notables for Florida is captain Aleksander Barkov becoming the first Finn to lead his team to a Stanley Cup. Head coach Paul Maurice, who’s second all-time in games coached with 1,848, also wins for the first time.

The Cup-winning goal came off the stick of Sam Reinhart, who beat Oilers netminder Stuart Skinner for the go-ahead goal with 4:51 left in the second period. He has less than a week to negotiate a contract extension with the Panthers to avoid hitting the open market as the top right wing available next Monday.

Reinhart finishes the postseason second on Florida in goals with 10, one behind Carter Verhaeghe’s 11. He netted the game-opening goal after going scoreless in Games 2 through 6.

While he lost out to McDavid for the Conn Smythe, Panthers star netminder Sergei Bobrovsky isn’t complaining about his first Cup win, either. The two-time Vezina Trophy winner is up for the award again this year, and with a championship ring, he’s all but solidified his candidacy for the Hockey Hall of Fame.

With the Cup Final over, attention now turns toward an incredibly busy opening to the offseason. The first buyout window opens Wednesday, the NHL Awards are Thursday night, the 2024 NHL Draft is Friday and Saturday, and the qualifying offer deadline is Sunday. That’s a major calendar event for five days in a row before the opening of free agency and the technical start of the new league year on Monday, July 1.

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