The Panthers and defenseman Aaron Ekblad have made significant progress on a long-term extension to keep him away from the free agent market tomorrow, TSN’s Bob McKenzie reports. It will be an eight-year deal worth around $48.8MM for a cap hit of $6.1MM, according to Elliotte Friedman of Sportsnet.
Florida’s commitment to Ekblad, who would have been the top defenseman on the market had he tested free agency, comes after months of hesitancy to dole out a long-term commitment. Now, GM Bill Zito has acquiesced and will give Ekblad the long-term stability he desired with a significant discount on the cap hit he could have landed as a UFA, which McKenzie says could have been as high as $9MM.
The lifelong Panther gets to stay in Florida, who made clear during their run to their second straight Stanley Cup championship that he never wanted to leave. Their 2014 first overall pick set the club’s franchise record for games played and points by a defenseman several years ago, scoring 380 points with a +96 rating in 732 games in a Florida uniform over the past 11 years.
He could very well only end up signing three NHL contracts – his entry-level deal, the eight-year, $60MM extension he signed in 2016, and this one. While no doubt a top-pairing threat now coming in at a significant discount on his previous cap hit of $7.5MM, his injury history was always the holdup in signing him to a long-term deal. The Panthers felt that was a steep enough discount to quell their concerns, while Ekblad was willing to take nearly a 33% cut on his market value to land as much stability as possible.
Although Ekblad hasn’t played a full 82-game schedule since 2018-19 and has only hit the 70-game mark once since then, he did have a mostly healthy 2024-25 campaign that was truncated by a late-season suspension for PEDs. He still finished the season with a 3-30–33 scoring line in 56 games, along with a +11 rating. His 23:31 average time on ice was his most in three years, bolstered by an increase in power-play time in the wake of Oliver Ekman-Larsson and Brandon Montour’s departures in free agency last year, which also played a role in his offensive resurgence. His 0.59 points per game in 2024-25 were the fourth-highest mark of his career.
Ekblad was also spectacular in the postseason, posting 13 points and a +10 rating in 19 games. That was his highest point total in any of Florida’s three straight runs to the Stanley Cup Final.
The 29-year-old will now reprise his role alongside Gustav Forsling for the foreseeable future as one of the best two-way pairs in the league. The duo logged 870 minutes together in the regular season and controlled 54.6% of expected goals while doing so, per MoneyPuck. He also forms one of the best one-two punches among right-shot D in the league with in-season acquisition Seth Jones. The trio of Florida’s top three defensemen is now under contract through 2029-30 (when Jones’ deal expires) at a combined cap hit of just $18.85MM – extremely good value that sets the Panthers up to continue having the flexibility to maintain a championship-contending roster.
Florida now has $4.9MM in cap space remaining with five roster spots to fill, per PuckPedia. That rules out an extension for their other highly notable UFA, winger Brad Marchand, at first glance, but they can get creative. They certainly won’t be able to match high-priced multi-year offers without offloading a salary or two, but could offer Marchand, who’s eligible for a bonus-laden one-year deal because of his age, a low base salary with easily achievable performance bonuses. That would allow them to initially be cap compliant with him, but if those bonuses are achieved and exceed the cap, Florida would be hit with a hefty penalty for 2026-27.
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