Artemi Panarin Notes: Other Offers, Trade Timing, Contract
While there wasn’t much trade activity leading into the Olympic trade freeze, one of the biggest moves of the season was made when the Kings acquired winger Artemi Panarin from the Rangers in exchange for prospect winger Liam Greentree along with a 2026 conditional third-round pick that upgrades to a second-round selection if Los Angeles wins a round. Meanwhile, if they win two rounds, New York also collects a 2028 fourth-round selection. Panarin subsequently signed a two-year, $22MM extension shortly following the swap. With the dust now settled on the trade, here are some additional notes on the move.
- During his media availability following the swap (video link), Panarin stopped short of directly confirming that extension offers from the Rangers were low-ball proposals but did note that “I don’t know if I should say this but I feel like the contract offer (said), ‘We’re not sure if we want you or not.’” Over the offseason, it was reported that New York had approached Panarin’s camp with some proposals that would see him take a sizable pay cut to remain with the team with some willingness to get creative on the term. With those talks going nowhere, Panarin added that there wasn’t really any reengagement with the Rangers after that point on a new deal.
- While Panarin ultimately took the offer from Los Angeles, it was far from the biggest one on the table. Sportsnet’s Elliotte Friedman reported in his latest 32 Thoughts column that the Kraken made an offer of more than $14MM per season in an effort to try to convince Panarin to accept a trade to them. That would have nearly been double the highest amount that the team has given a player so far in their brief tenure with Vince Dunn being their current top-paid player at $7.35MM.
- From the standpoint of affordability, teams likely would have preferred the trade to come after the break when there would be less money remaining on his contract (even with the Rangers retaining 50% on his contract to facilitate the move as they did). However, Vince Z. Mercogliano of The Athletic relays (subscription link) that Panarin made it clear that his deadline was the trade freeze so that he would have ample time to settle in with his new club. That might have taken an interested team or two off the table as a result. That said, Panarin ultimately decided that the only team he’d accept a move to was the Kings so those other possibilities probably wouldn’t have happened anyway.
- PuckPedia has the breakdown of Panarin’s new deal. It’s predominantly paid in the form of signing bonuses to the tune of $20MM over the two years ($11MM for next season, $9MM for 2027-28) while he receives a base salary of $1MM in each season. Additionally, Panarin has a full no-move clause in this contract, just as he does in his current one.
Evening Notes: Panarin, Kaiser, Dach, Marchenko
As the dust settles from today’s blockbuster in which the Rangers dealt Artemi Panarin to the Kings in exchange for top prospect Liam Greentree and a conditional third-round pick, more details on the other suitors have emerged.
It was noted yesterday by TSN’s Chris Johnston on Insider Trading that a team had offered as much as $40MM, and the mystery club may now be revealed. David Pagnotta of The Fourth Period reported that the Seattle Kraken made a strong effort to acquire the superstar, offering him an extension in the 3-4 year range, worth what Pagnotta said is “north” of $12MM per year. The contract could have doubled term compared to what Panarin promptly signed with Los Angeles, a two-year extension worth $11MM each year.
Despite proving not enough to sway Panarin into waiving his no-trade clause to head up to Washington, the effort is commendable from Kraken GM Jason Botterill as his team is in Wild Card range, hungry to make a splash to earn their second playoff berth in their fifth season as a franchise. It’s curious to imagine if former fourth overall pick Shane Wright could have been off to New York. One week ago, it was reported the Kraken were open to dealing him for a “dynamic top-six scoring winger”, and the “Breadman” certainly fits the bill.
Additionally, ESPN’s Emily Kaplan mentioned the Hurricanes, Lightning, and Capitals as among the “several teams circling at the end”, however, Panarin told management that he was set on Los Angeles. Crossing off another major city in his career after stops in Chicago and New York, Panarin’s preference limited Rangers GM Chris Drury’s trade leverage considerably. He has caught criticism for the return, but as noted by Kaplan, the Rangers feel they plucked the Kings’ best prospect in Greentree, and time will tell.
The break is nearly upon us, and although Panarin’s new team plays tomorrow night in Vegas as their final pre-Olympics action, Kings Manager of Editoral Content Zach Dooley confirmed that he won’t be rushed into duty. It seems likely he could make his highly anticipated debut in their first game back, at home for a Golden Knights rematch on February 25.
Elsewhere across the league:
- The Chicago Blackhawks have had a rough go tonight in Columbus, as first the team announced that defenseman Wyatt Kaiser wouldn’t return, followed by forward Colton Dach, both due to injury. Kaiser’s status is concerning, as Zach Werenski of the Blue Jackets landed in his knee area awkwardly. The 23-year-old has yet to miss a game this season, averaging 19:28 a game across 56 so far. It’s still a work in progress for Kaiser, who doesn’t stand out on the stat sheet, however the lefty already plays a top four role for Chicago as his game develops. Meanwhile, Dach was pinned to the boards by Erik Gudbranson, and it’s not as immediately clear what happened to injure the grinder, who has nine points in 51 games this year.
- Shortly before tonight’s game against the soon-to-be short benched Blackhawks, Columbus Blue Jackets team reporter Jeff Svoboda shared that Kirill Marchenko would miss his second straight game due to illness. The 25-year-old leads all Jacket forwards with 46 points in 50 games, continuing to emerge as a star after last year’s 74 point breakout. Marchenko will utilize the Olympic break to get healthy, but in the meantime, Columbus has maintained their surge under new Head Coach Rick Bowness.
Kings Acquire, Extend Artemi Panarin
3:13 p.m.: Both teams have made the terms as reported below official. The Kings do not have an open roster spot and will need to make a corresponding move to add Panarin. Considering he’s already the owner of a U.S. work visa, a non-roster list stint for him isn’t likely.
2:03 p.m.: The Kings have acquired star winger Artemi Panarin from the Rangers, ESPN’s Adam Schefter and Emily Kaplan report. The Blueshirts are getting top prospect Liam Greentree and a conditional third-round pick in return. Panarin, a pending free agent, has now agreed to a two-year, $22MM extension in L.A., per Kaplan. The Rangers are also retaining 50% of Panarin’s current $11.64MM cap hit to bring it down to $5.82MM for the Kings, per Chris Johnston of TSN and The Athletic.
The conditions on that draft pick are complex, as Vince Z. Mercogliano of The Athletic reports. At the very least, the Rangers will receive the better of the two third-rounders the Kings own in 2026 (their own and the Stars’). If L.A. wins one playoff round this year, though, the selection upgrades to their 2026 second-rounder. If they win at least two rounds, their 2028 fourth-rounder also gets added in the deal.
L.A. was one of many teams that were still viewed as landing spots for Panarin – with an extension – as late as this morning. While they were never considered a true front-runner, they got the deal done. In the end, they ended up being the only destination for which Panarin would waive his no-movement clause, per Mollie Walker of the New York Post. Being one of the few teams that were willing to part ways with their No. 1 prospect was also surely an attractive option for Rangers general manager Chris Drury, making him feel comfortable pulling the trigger on an L.A.-or-nothing scenario well ahead of the deadline but before the Olympic roster freeze.
While the 34-year-old Panarin had a slow start to the year, he’s been his usual self from November onward, clicking well over a point per game. He got up to 19 goals and 38 assists for 57 points in 52 games before the Rangers scratched him following their Jan. 26 win over the Bruins, holding him out of the lineup to prevent an injury from complicating any trade. That still has him tied for 24th in the league in scoring and makes him L.A.’s leading scorer by a significant margin over Adrian Kempe and his 45 points.
Trading Panarin, one of the most dynamic talents in franchise history and one of the most successful big-ticket free agent signings in recent memory, became a reality last month when the Rangers announced their intent to undergo another multi-year retool. Reports quickly indicated that they informed Panarin he wouldn’t be offered an extension as part of that plan. They started their sell-off by dealing Carson Soucy to the Islanders last week, but they get after it in a big way here.
The Kings have teetered on the edge of the Western Conference playoff picture for much of the season. They currently sit one point back of the Kraken for the final wild-card spot with a game in hand. That record has been boosted by a league-high 14 overtime/shootout losses, too. They’ve only won 14 games in regulation, ironically tied with the Rangers for the second-lowest in the league.
That sluggish record can be almost entirely attributed to an inept offense, as the Kings score 2.57 goals per game, fifth-worst in the NHL. That simply hasn’t been enough to earn consistent wins in front of one of the league’s better overall defensive systems and goaltending situations. By giving up their universally lauded No. 1 prospect in Greentree, they’re making a clear bet that Panarin – 20th in the league at 1.10 points per game – will be the needle-mover that gets their offense out of the basement and propels them to their fifth consecutive playoff berth.
In a season that marks the last gasp for franchise icon Anže Kopitar, still chugging along as the Kings’ first-line center, he could spend his final few months in the NHL with the most purely talented linemate of his career (save for a Marián Gáborík, depending on how you rate him). Their lack of depth scoring has forced head coach Jim Hiller to deploy his top weapons all on different units. Kempe has anchored the second line as of late with the ageless Corey Perry and newly-minted center Alex Laferriere, while the high-ceiling but inconsistent trio of Kevin Fiala, Quinton Byfield, and Andrei Kuzmenko currently makes up their third line.
If the Kings waited until the deadline to make the move, they could’ve taken Panarin on at full price. But as of today, they’d only accumulated $8.4MM in cap space, per PuckPedia. That meant significant retention was necessary to get a deal done if L.A. wasn’t sending back a roster player. While Panarin, even at under $6MM against the cap, takes up a good chunk of that space, they still have a fair amount of flexibility to make another pickup on the other side of the Olympic break if they choose.
Los Angeles gives up the brightest forward prospect they’ve had in quite some time to make it happen. Greentree, 20, was the 26th overall pick in the 2024 draft and was ranked as the #47 prospect in the entire league by The Athletic’s Scott Wheeler last summer. He’s yet to play a pro game but has shown up as an outright star in junior hockey. He’s served as the captain for the OHL’s Windsor Spitfires since his draft year and finished third in the league in scoring last season, churning out 49 goals and 119 points in 64 games.
It’s worth noting there’s been a significant drop-off in production in 2025-26. He was good for 1.86 points per game last year, but that figure has now dropped to 1.32. That’s still indicative of Greentree being a surefire top-nine piece, especially after a 90-point draft year, but expecting him to ever reach Panarin’s 100-point heights as an NHLer should be overzealous.
That said, the Rangers have had a checkered history with prospect development when the picks come from inside the house. Getting a blue-chip name from outside the organization is an extremely meaningful boost to their long-term outlook, and they’ve now ensured they’ll have six picks in the first three rounds of this year’s draft.
For the Kings, there’s also the matter of getting a true star forward signed to what comes across as an extremely reasonable extension. Not only is Panarin agreeing to a small pay cut in a rising cap environment, but he’ll only lock the Kings into their commitment through the 2027-28 season. That’s a rare insurance policy for L.A. if Panarin’s production declines with age sooner than they hope – especially as other teams were willing to offer Panarin a four-year deal in the range of $11.75MM per season, Frank Seravalli of Victory+ reports.
Image courtesy of Brad Penner-Imagn Images.
Morning Notes: Panarin, Liljegren, Ekman-Larsson
There’s no question that the New York Rangers are looking to move pending unrestricted free agent Artemi Panarin before today’s 3 p.m. CT Olympic roster freeze. A handful of teams have already been prominently linked to Panarin, and a recent update from David Pagnotta alerted that the situation remains incredibly fluid, lowering the chances of a trade coming together by this afternoon.
In his update, Pagnotta suggested that the Carolina Hurricanes, Florida Panthers, Los Angeles Kings, and San Jose Sharks remain interested in acquiring Panarin with an extension. In contrast, the Colorado Avalanche, Dallas Stars, and Edmonton Oilers view him only as a rental. Additionally, Pagnotta mentioned that unless something changes relatively soon, the Anaheim Ducks, Detroit Red Wings, Utah Mammoth, and Washington Capitals are no longer in the running.
On yesterday’s edition of Insider Trading, TSN’s Chris Johnston reported that at least one team has put $40MM on the table for Panarin, which would presumably translate to a three-year deal with an AAV of $13.3MM or a four-year contract with an AAV of $10MM.
Other updates from this morning:
- In the same update from Pagnotta, he suggests that the Sharks are actively shopping Timothy Liljegren, as well as other pending-UFA defensemen, on the trade market. San Jose could ultimately sign a few of them to extensions over the next few weeks, though Pagnotta confirmed that Liljegren is not a part of the organization’s long-term plans. The former 17th overall pick in the 2017 NHL Draft has 10 assists in 41 games this season, averaging 20:15 of ice time per contest.
- Lastly, Pagnotta reported that if the Toronto Maple Leafs pivot toward selling ahead of the March 6th trade deadline, plenty of teams will be interested in acquiring Oliver Ekman-Larsson. It won’t be without hurdles, as the 34-year-old defenseman is signed through the 2027-28 season at a $3.5MM salary with a 16-team no-trade clause. Still, he’s having an excellent offensive year with Toronto, scoring eight goals and 34 points in 56 games, with most of that production coming at even strength.
Latest On Artemi Panarin
Jan. 31st: On Saturday Headlines, Friedman expanded on his reporting from 32 Thoughts. According to the Sportsnet insider, the Hurricanes, Red Wings, Panthers, Kings, Sharks, and Capitals are interested in acquiring Panarin with an extension, with varying degrees of interest. Additionally, Friedman shared that the Ducks, Avalanche, and Stars are attempting to convince Panarin’s camp to join their respective clubs without an extension in place, treating him solely as a rental for a postseason run.
Jan. 30th: A trade market is neatly coming together after the New York Rangers announced their plan to hold star winger Artemi Panarin out of the lineup until the Olympic break. Nearly every team in the league is weighing their chances to land the former 100-point scorer, though some are getting caught up on the contingency that any trade must come with a contract extension. The market, and the hangups, were outlined by Sportsnet’s Elliotte Friedman and Kyle Bukauskas in the latest 32 Thoughts podcast episode.
Most notably, it appears many of the league’s frequent buyers will be priced out by Panarin’s extension. That is the case for each of Colorado, Dallas, Minnesota, Vegas, and Florida – though the player does have interest in joining the back-to-back Stanley Cup-winning Panthers. Panarin’s priority seems to be an extension rather than a championship, which should mean a new buyer in what’s sure to be one of the biggest trades in recent history.
While cap space is a barrier for many, building a proper trade package has proven to be an issue for the Los Angeles Kings. The Kings have leaned into stocking their cupboard of draft picks with recent moves and hold 10 picks in the 2026 NHL Draft as a result. But those pieces won’t be enough to build value next to a shallow Kings prospect pool. Meanwhile, player interest appears to be the issue for the Seattle Kraken, who are hoping to move Shane Wright for a top-six star per Friedman.
Through the fog, the Washington Capitals are emerging as early favorites. The Capitals are reportedly open to a contract extension and believed to be aggressively pursuing a deal that will work. Washington is projected to have $35.73MM in cap space this summer, per PuckPedia. That is more than enough to award Panarin with a salary at, or above, $10MM-per-season while still having the room to re-sign restricted free agent Connor McMichael.
More than that, the Capitals have the future capital to build an enticing return. Their prospect pool is led by NHL rookie Ryan Leonard, who played on a line with Rangers top prospect Gabriel Perreault for four years straight in junior hockey. Washington also has flashy scorer Andrew Cristall, productive big men Ilya Protas and Eriks Mateiko, and first-round picks Lynden Lakovic and Terik Parascak in their prospect pool. While it’s likely that multiple of those players are on Washington’s list of untouchables, the chance to make a Cup heave with Panarin could be enough to force their hand.
Friedman and Bukauskas also spoke about Panarin headed to the San Jose Sharks, adding that the player is interested in a move to the up-and-comers. San Jose making a major, veteran addition would be a major surprise. The Sharks have ranked in the bottom-three of the Western Conference in each of the last six seasons – but now find themselves in playoff contention on the back of young stars like Macklin Celebrini and Will Smith. Adding Panarin could be their chance to catch lightning in a bottle and give the 34-year-old winger a chance at a few more years of meaningful hockey.
Panarin has continued to demand respect into this season. He leads the Rangers in scoring with 19 goals and 57 points in 52 games, despite the team ranking in the bottom-six of goals scored. Panarin reached 37 goals and 89 points in 80 games last season. It was his encore performance after he vindicated back-to-back 90-point seasons with a career-best 49 goals and 120 points in the 2023-24 season. He has averaged 35 goals and 100 points per 82 games played since turning 30 in 2021. With no signs of slowing down, it appears he’ll be worth the groundbreaking trade package he seems certain to land before the Trade Deadline. This move will push New York firmly into a rebuild, and could push a new name into the group of Stanley Cup contenders.
Photo courtesy of Wendell Cruz-Imagn Images.
Atlantic Notes: Luukkonen, Panarin, Lindholm
The red-hot Buffalo Sabres are going to be down a netminder for the next little while. According to Paul Hamilton of WGR Sports Radio, the Sabres expect Ukko-Pekka Luukkonen to miss the next week with a lower-body injury.
Since the calendar turned to December, Buffalo has a 20-6-1 record in their last 27 games, carrying a team SV% of .906. Luukkonen has played an integral role in stabilizing the crease, earning a 9-4-1 record in 14 games with a .908 SV%. The team will now have to rely on the combination of Alex Lyon and Colten Ellis, likely up until the upcoming Olympic break.
Fortunately, the Sabres are likely comfortable with that. Since the hot streak began in December, not only has Lyon been a boon to the team, but he’s been one of the league’s best over that stretch. The 33-year-old netminder has won nine out of 10 games with a .928 SV% since December 1st.
Other notes from the Atlantic Division:
- The jury is still out on which team will ultimately acquire Artemi Panarin from the New York Rangers. On today’s episode of Insider Trading, TSN’s Pierre LeBrun indicated that Panarin’s camp has contacted the Florida Panthers (among others) about potentially facilitating a trade. Still, LeBrun poured some cold water on that idea, indicating that it would be nearly impossible for the Panthers to afford an extension, and Panarin has reportedly made that a requirement.
- The Boston Bruins will be without their first-line center tonight. According to Steve Conroy of The Boston Herald, forward Elias Lindholm is considered day-to-day with an undisclosed injury. However, Conroy hinted that Lindholm’s recovery timeline could extend beyond that, given that he’s meeting with team doctors today.
San Jose Sharks Interested In Artemi Panarin
The New York Rangers made waves yesterday when they held star forward Artemi Panarin out of their lineup for roster management reasons, indicating that the team plans on trading the player at some point in the near future. One team that has emerged as a contender for Panarin’s services is the San Jose Sharks. According to Sheng Peng of San Jose Hockey Now, the Sharks “have inquired” about trading for Panarin, and Panarin “would be willing to sign an extension with San Jose.”
It was reported in no uncertain terms yesterday that Panarin, who owns a full no-move clause and therefore has complete control over the trade process, is only interested in being dealt to a team where he will not be a rental player; he’s only interested in trades to teams where he sees himself playing beyond 2025-26. Based on Peng’s report, it appears the Sharks are one of those teams.
That San Jose is in a position to potentially swing a deal for Panarin is a real surprise, at least based on the position their franchise appeared to be in at the start of the season. The rebuilding Sharks were the NHL’s worst team last season, and few expected them to make such a sizable leap in 2025-26. The generally held belief was that while San Jose was likely to improve, they’d still need to develop and add more talent before seriously competing for a playoff spot.
The brilliance of star pivot Macklin Celebrini has changed things. He’s played like a legitimate Hart Trophy contender, scoring 78 points in 51 games and powering the Sharks to a surprising 27-21-3 record, good for the Western Conference’s final playoff spot.
The Sharks are a team on the rise, and it’s understandable that they’d be interested in adding Panarin to their already extremely talented forward group. While Panarin, at 34, doesn’t fit the Sharks’ long-term vision, his addition could provide a serious boost to both the team’s near-term competitive hopes, as well as the development of some of their younger scoring forwards. 
Panarin, who has 57 points in 52 games, has for the bulk of his time with the Rangers been one of the NHL’s premier wingers. There have been few more lethal scoring threats than Panarin at his position, and one has to believe getting the chance to play with, and learn from Panarin could pay dividends for young scorers such as Will Smith, William Eklund, and even Michael Misa down the line.
While the Sharks are only one of likely several teams to be interested in Panarin, there are a few factors both working against them, and in their favor.
San Jose’s status as a West Coast team may hurt them. The Athletic’s Vincent Z. Mercogliano reported that Panarin has a preference to sign with an Eastern Conference team. Mercogliano indicated the comparable ease of travel back to Russia could be a factor that helps explain the player’s Eastern Conference preference. It is worth noting that while he might prefer to stay east, Panarin is not entirely ruling out Western Conference landing spots, like San Jose.
Working in the Sharks’ favor is the fact that their GM is no stranger to making deals with the Rangers. Sharks GM Mike Grier used to work alongside Rangers GM Chris Drury in New York’s hockey operations department, and this wouldn’t be the first trade the pair complete together.
Additionally, the Sharks are owners of one of the league’s top prospect pools, meaning they can offer the Rangers a greater degree of choice to construct their ideal return package, whereas other clubs looking to acquire Panarin may only have a small handful of premier young players to dangle.
While there’s no guarantee, of course, that Panarin does end up a Shark, Peng’s report clearly indicates they are a team to watch as this process unfolds.
Photos courtesy of Brad Penner-Imagn Images
Rangers Sitting Artemi Panarin For Roster-Related Reasons
6:42 PM: Chris Johnston of TSN and The Athletic reports that Panarin is seeking a contract extension before he’ll sign off on any trade. With the Rangers committed to holding him out through the Olympic break if needed, Panarin now has ample time to try to work out a deal with his next team.
5:28 PM: According to Mollie Walker of the New York Post, the New York Rangers are healthy-scratching Artemi Panarin for roster-related reasons. Not only will Panarin sit tonight against the New York Islanders, but Walker shared that he won’t be back in the lineup before the upcoming Olympic break.
That means, at least in the short-term future, that Panarin will miss the next four games for the Rangers. In all likelihood, he has played his last game for the Rangers.
Still, there’s no indication that a Panarin trade is particularly close. Because of the no-movement clause included in his contract, Panarin would have to greenlight any trade out of New York. It is believed that the Rangers have asked Panarin to provide a list of teams he would be willing to join, and today’s news suggests that Panarin has at least offered them a few options.
It’ll be interesting to see how long New York is willing to keep Panarin on the sidelines. Because there’s no indication a trade is close, and not every team linked to Panarin has sufficient cap space to acquire Panarin (though they would by the time the trade deadline rolls around), there’s a possibility that a deal won’t materialize until closer to the deadline. It would be unlikely, but that worst-case scenario could have Panarin without game action for over a month.
Regardless, if he has already played his last game with New York, he has finished as one of the organization’s best offensive players ever. Since joining the Rangers ahead of the 2019-20 campaign, Panarin has scored 205 goals and 607 points in 482 games with a +68 rating. He has consistently maintained a CorsiFor% above 50.0% at even strength and was a top-five scorer in the league as recently as the 2023-24 season.
Much of the concern regarding Panarin’s tenure with the Rangers has stemmed from a perception that he “disappears” during the playoffs. This claim is wholly unfounded.
Although Panarin hasn’t maintained his regular-season scoring pace in the postseason, he has recorded 19 goals and 53 points in 62 playoff games since joining the Columbus Blue Jackets before the 2017-18 season. Exclusively with the Rangers, he’s registered 12 goals and 35 points in 46 games while averaging more than 20 minutes per night, helping the team reach two Eastern Conference Finals.
It’s an evolving situation, but Panarin should be with a new team relatively soon.
Morning Notes: Panarin, Hamilton, Faulk
New York Rangers leading scorer Artemi Panarin is arguably the best skater likely to be traded in advance of this season’s trade deadline, and as a result, it appears the Rangers are set to receive a significant package of assets in exchange for the pending UFA’s services. Yesterday, Sportsnet’s Elliotte Friedman reported on the Saturday Headlines segment of Hockey Night in Canada that the Rangers’ “starting point” in terms of their asking price on any Panarin trade is the package received by the New York Islanders when they traded away Brock Nelson last year.
The Islanders received a first-round pick, top prospect Calum Ritchie, and a third-round pick from the Colorado Avalanche in exchange for Nelson, who was also a pending UFA. That would indicate that the Rangers are, at least, looking for a first-rounder and a high-quality prospect in exchange for Panarin. Nelson was, and is, certainly not of the same caliber of talent as Panarin, but unlike Panarin, Nelson has the extremely valuable attribute of being a natural center, which upped his value considerably. Friedman named the Anaheim Ducks, Washington Capitals, and the Los Angeles Kings as teams that are considering making a pitch to acquire Panarin. The veteran, who has 56 points in 51 games this year, has the protection of a full no-move clause in his contract.
Other notes from around the NHL:
- Friedman also issued an update on the status of New Jersey Devils defenseman Dougie Hamilton, who is widely considered to be one of the top blueliners available to be acquired via trade. Per Friedman, the recent injury to blueliner Luke Hughes has slowed trade talks surrounding Hamilton “to a crawl” as the Devils await further clarity on the status of their promising young defenseman. Hamilton has 17 points in 46 games played this season and is under contract at a $9MM AAV through 2027-2028.
- The St. Louis Blues are likely to be among the selling teams in this year’s trade market as they currently sit second-to-last in the Western Conference with 47 points. One of the players they are considering trading is veteran defenseman Justin Faulk, a 33-year-old with one more year under contract at $6.5MM AAV. Friedman reported yesterday that the Blues are looking for a trade package comparable to what the Calgary Flames received in exchange for Rasmus Andersson in any Faulk deal. (The Flames received a first-rounder and a conditional second-round pick for Andersson alongside veteran Zach Whitecloud.) Faulk has been St. Louis’ No. 3 defenseman in terms of ice time this season, and has 24 points in 52 games.
Latest On Artemi Panarin, Rangers Retool
Mirroring a similar action they took almost eight years ago, the New York Rangers released a public statement — a letter — to fans and the media announcing the club would chart a new direction for its competitive future, embracing a “retool” of its roster as the best path back to legitimate Stanley Cup contention.
While no transactions have yet been made to kick off this “retool,” (outside of a brief recall of defenseman Connor Mackey) it’s likely that we’ll see several made as we get closer to the NHL’s trade deadline on March 6.
In the aftermath of the Rangers’ letter, two players have emerged as the most likely candidates to be traded by the team before the deadline: pending UFAs Artemi Panarin and Carson Soucy.
Soucy’s situation is more straightforward. He’s an established defensive defenseman with over 400 games of NHL experience. The Rangers should have no issue fielding offers for Soucy, even if they have to navigate a $3.25MM AAV contract that contains a 12-team no-trade list. The Athletic’s Peter Baugh wrote Friday that the Rangers “should be able to fetch at least a mid-round pick” in any Soucy deal.
Panarin’s situation is significantly more complicated. First and foremost, he has a full no-move clause, meaning he’ll need to sign off on any deal before he can be traded.
Panarin was asked about the Rangers’ new direction after the team’s victory over the Philadelphia Flyers yesterday, and he said “I’m still confused, but the GM decided to go in a different direction. I’m OK with that.” Panarin was asked more specifically about his no-move clause, but he declined to address that specific element of the situation.
The Rangers have made it clear to Panarin, per multiple reports, that he will not be offered a contract extension with the club. So, as long as he is willing to waive his no-move clause to go somewhere, he’s a near-certainty to be moved at some point before the deadline.
Parsing together where he might actually be dealt is the more difficult part of the equation, largely because it’s so dependent on Panarin’s preferences. For example, he’d be within his rights to only accept a trade to a single destination, if he finds he has his heart set on playing for one specific team. There is some precedent for such a scenario, such as when Taylor Hall used his contractual rights in 2021 to steer the Buffalo Sabres into trading him to the Boston Bruins.
There’s been no indication, at this point, that Panarin is going to take up that approach, and it could be equally likely that he provides the Rangers with a curated list of teams he’d accept being dealt to. There’s even a possibility — however remote — that Panarin declines to waive his no-move clause at all.
What the Rangers might receive in return appears, in many ways, dependent on Panarin’s decisions in this process. If he allows for a wide range of potential destinations, the Rangers could create sufficient leverage in trade talks to generate a significant return. If Panarin only accepts a deal to one team, New York would naturally have far less leverage in trade talks, and the return could subsequently be lighter than anticipated.
Looking back to the Hall example, the Sabres’ return for their star winger, a recent Hart Trophy winner, was widely considered “underwhelming” at the time. In exchange for Hall, the Sabres were only able to net a second-round pick and Anders Bjork, in large part due to being forced into exclusive negotiations with the Bruins.
While there’s been no indication that Panarin has a specific destination in mind the way Hall did, the precedent is worth looking back at, as it illustrates just how much control Panarin has over the process.
New York recently communicated to Panarin, their star forward of the 2020’s, that he would not be offered a contract extension. As a result, he may have a limited appetite to assist the Rangers and provide them with a wide range of teams he’d accept a trade to.
Beyond Panarin, the Rangers do have a few other trade candidates to consider, though the key ones are not pending UFAs like Panarin and Soucy.
The Athletic’s Vince Z. Mercogliano wrote yesterday that center Vincent Trocheck is “widely considered” the Rangers’ most valuable trade asset, and the 32-year-old could be the top pivot available in an extremely limited in-season trade market at the position. He could be of immense interest to center-needy contending teams such as the Minnesota Wild.
In addition to Trocheck, Mercogliano also named defenseman Braden Schneider, who is a pending RFA, as a key trade candidate. Since New York has right-shot blueliners Adam Fox and Will Borgen each signed to long-term deals, they could deal from a position of strength with Schneider. Trading the 2020 first-rounder would give the Rangers’ retool a significant boost, as he’s likely to command a strong return as a coveted young, sizeable right-shot defenseman.
But while the Rangers could conceivably wait until the offseason to deal Trocheck or Schneider, they don’t have the privilege of that kind of timeline with Panarin or Soucy. As a result, the Rangers’ retool could begin in earnest sooner rather than later.
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