Sam Bennett

Elliotte Friedman of Sportsnet reported last night on Saturday Headlines that the Florida Panthers and pending UFA center Sam Bennett have re-started contract talks. Bennett is in the final season of a four-year $17.7MM contract that he signed back on July 26th, 2021, just three months after the Panthers had acquired Bennett from the Calgary Flames for a second-round pick in 2022 and Emil Heineman. The trade was a massive win for Florida as Bennett had never lived up to the lofty expectations that were placed on him in Calgary, but has developed into a strong two-way play driver with the Panthers.

The $4.425MM AAV has been a huge discount for the Panthers as Bennett signed the deal when the NHL was in a very different economic landscape and Bennett had yet to become the player he is today. Bennett had never topped 40 points in a season in Calgary but has done so in every season since joining Florida and is currently on pace for a career year with 22 goals and 23 assists in 65 games.

More importantly, Bennett has shown an ability to elevate his game when it matters most, evidenced by the Panthers’ last two playoff runs to the Finals and Bennett’s performance in the 4 Nations Face-Off. The Holland Landing, Ontario native has 12 goals and 17 assists in 39 games over the last two playoff runs with the Panthers and was a crucial part of their Stanley Cup Championship last season.

Bennett’s contract negotiations will be tough as he will likely be looking for a salary in the range of $7MM-$8MM annually on a seven or eight year deal. Top six centers usually get an AAV in that range in July, but Bennett is a unique case given that his career offensive numbers don’t necessarily scream top six. However, Elias Lindholm received a $7.75MM AAV last summer from the Boston Bruins, and with a rising salary cap, Bennett will be looking for similar money and could certainly get it on the open market. Whether or not the Panthers will match that remains to be seen, they will have some tough decisions to make this summer as Aaron Ekblad is also a pending UFA and Anton Lundell appears ready to take on a bigger role in Florida’s top six.

Earlier this month, the Panthers got a deal done with one of their prominent pending unrestricted free agents when they signed winger Carter Verhaeghe to an eight-year, $56MM extension.  Now, it appears they’ve turned their focus to another key forward as Sportsnet’s Elliotte Friedman reports (video link) that the team has started extension discussions with center Sam Bennett.  He also noted that this is just the start of talks and that no new deal is necessarily imminent.

The 28-year-old was the fourth overall pick by Calgary back in 2014 but never really seemed to live up to those high expectations.  Over his five full seasons with them, he only reached the 30-point mark once.  Eventually, that led to them flipping Bennett to Florida for a second-round pick and prospect Emil Heineman (who was later dealt to Montreal).

With the Panthers, Bennett’s fortunes have changed substantially.  Offensively, he has been more impactful, collecting at least 40 points in each of his first three seasons with the team while adding a 28-goal effort in 2021-22.  He’s off to a solid start on that front this year as well with seven points in as many outings.  Bennett also has gone back to being a full-time center after primarily playing on the wing with the Flames and from a value standpoint, middlemen are worth more than a winger.

Of course, Bennett’s contributions aren’t just on the offensive side of things as he is also a prominent power forward.  Those players tend to get a premium on their contracts, especially in UFA-eligible seasons.  Bennett also played a prominent role in Florida’s last two playoff runs, including their 2024 Stanley Cup title so he also has that on his side in discussions.

Accordingly, all signs point to Bennett landing a considerable raise on his current $4.425MM AAV.  But how much of one can Florida realistically afford?  That’s where things could get a bit more interesting.

The Panthers have Aleksander Barkov signed through 2029-30 at $10MM per season.  It’s safe to say he’s not going anywhere.  They also committed $5MM per year to Anton Lundell through 2029-30.  Lundell as their third center is a nice luxury to have while they can afford it but Bennett’s contract is likely to push past the $6MM mark on a long-term pact.  Barring a position change for one of Bennett or Lundell, that would be a lot to commit long-term to a third-line player.

As things stand, Florida has a little over $73MM committed to 16 players for next season, per PuckPedia.  With the expectation of another few million being added to the current $88MM Upper Limit, there’s definitely room for them to afford that type of contract.  But it should be noted that Aaron Ekblad’s deal is also expiring so they will need to re-sign or replace him.  While there’s room for one more pricey contract on their books, fitting two in – Bennett plus an Ekblad re-signing or a newcomer to take his place – would be a lot trickier.

But even with that in mind, parting with an impactful center would be hard to do and it’s fair to say that Bennett would have a very strong market next summer if he were to reach free agency in July.  We’ll see in the coming weeks if the two sides can work something out.

Photo courtesy of USA Today Sports Images.