It was hard to miss Artemi Panarin’s free agency decision on Monday, as an all-world player landed in the largest market in North America. However, what wasn’t clear right away was how Panarin’s new seven-year, $81.5MM contract with the New York Rangers was structured. CapFriendly has cleared that up, revealing the terms of the monster deal. To no surprise, the details continue to favor the star forward. While Panarin’s contract carries an $11.643MM cap hit, he will in fact make a salary of just $1MM each year. What this means is that Panarin’s deal includes nearly $75MM in signing bonuses, making the contract virtually buyout-proof. The bonuses role out in descending order, beginning with a $13MM bonus this season down to a $7MM bonus in 2025-26. Also unsurprisingly, Panarin’s deal includes a full No-Movement Clause. The investment in the 27-year-old Panarin, who has topped 70 points in each of his four NHL seasons, is pretty safe, which is lucky for the Rangers since is contract is all but immovable.
- The deadline to file for salary arbitration is coming up, and the first name to file has been revealed. Speaking with media, including the Raleigh News & Observer’s Chip Alexander, Carolina Hurricanes GM Don Waddell noted that forward Brock McGinn has filed for arbitration. McGinn, 25, has emerged as a regular contributor for the ’Canes over the past two years, missing only two games and posting back-to-back seasons of 25+ points. He additionally contributed six points in 15 playoff games during the run to the Eastern Conference Final this year. McGinn is also one of Carolina’s most physical forwards and plays a role on the penalty kill. Yet, his ice time is still somewhat limited, particularly playing sheltered minutes to do some turnover tendencies. The Hurricanes will try to support their filing number by pointing out McGinn’s relatively minor role and lack of overall career results, while the player side will emphasize the recent climb in scoring and ice time and his platform year being arguably his best season to date and coinciding in a return to the postseason for Carolina. Waddell, who recently joked that the Sebastian Aho offer sheet had freed up his summer due to a lack of contract negotiations, is not out of the woods yet, with McGinn filing, Trevor Carrick, Anton Forsberg, and Saku Maenalanen eligible to file, and several other restricted free agents in need of extensions.
- Veteran forward Colin Greening has called it a career reports Toronto Marlies reporter Jacob Stoller. Although Greening has played solely for the Marlies over the past three seasons, he logged close to 300 NHL games with the Ottawa Senators and Toronto Maple Leafs, including a 37-point season in 2011-12. Greening’s NHL production certainly declined as his career went on, but as he transitioned to a minor league leadership role, Greening ended up being both a reliable source of scoring and a key locker room presence. Greening will likely be remembered most for captaining the Marlies to the 2018 Calder Cup, as well as his dominant college career at Cornell University.
jdgoat
I think it’s safe to say signing bonuses are going to be a thing of the past after the next CBA negotiations.
MacJablonski--NotVegasLegend
I second that, @JDGoat! When do we get our ballots to make *our* voices heard? Bettman is severely overdue with our promotions in this matter…maybe when he gets done laughing his ass off at Bergevin’s joke of an offer sheet…
Sillysundin
I think they need to make the tax equal too! Still pay taxes but the taxes don’t go against the cap
jdgoat
That’s a state issue. I don’t think they can do anything about that. Unless I’m misunderstanding you.
sheff86
Wow greening missed it by 1.5 seasons.
Connorsoxfan
The taxes themselves are state issues, but they could scale the cap based on the % income tax. This would go with getting rid of bonuses and streamlining all salary into a normal monthly income to avoid any type of cap circumvention. Basically every team would be able to give players $75 million after taxes. So some teams would have a true 75 mil cap and others would be higher, but the players would still be paid a max of 75 mil.
ThePriceWasRight
I think the state tax thing is really overrated. Panarin went to NY instead of Florida so tax wasnt something he really worried about.
certainly in some cases it could make a difference but seems to complicated and too fluid.