Artemi Panarin's future with the Rangers hangs in the balance as contract nears expiry
The New York Rangers are at a crossroads, and all eyes are on Artemi Panarin. Despite an impressive regular-season performance from the star forward, the Rangers missed the postseason — an outcome the front office is determined to prevent moving forward.
But doing that while managing the salary cap and aging roster has presented a complex challenge, especially as Panarin's eight-year, $81.5 million contract nears its end in 2026.
Rangers may lose Artemi Panarin amid rising speculation and behind-the-scenes tensions
Still producing at an elite level, Panarin notched 89 points last season, following a stellar 120-point campaign in 2023-24. Yet, at 33 years old, he remains both an invaluable asset and a financial question mark. The team's top brass, led by President and GM Chris Drury, has shown a willingness to part ways with veteran contracts that no longer justify their price tag — most recently seen with the trades of Chris Kreider and Barclay Goodrow.
While Arthur Staple of The Athletic reported that Panarin is considered 'one of the team's only untouchables,' his age and cap hit are hard to ignore. The team may be reluctant to commit to another long-term deal that could age poorly — especially with an eye on building a younger, faster core to remain competitive in the coming seasons.
According to Bleacher Report's Lyle Richardson, 'The Rangers can afford to re-sign Panarin on a short-term deal with a slight pay cut to around $10 million annually.
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However, his future in New York could depend on the Blueshirts' performance in 2025-26. Another missed postseason could lead to his departure to a Stanley Cup contender next July.'
This raises a strategic dilemma for New York. Letting Panarin hit free agency without compensation would be a major loss, given his consistent production — 37 goals and 52 assists last season alone. Trading him now could recoup assets but might also derail their postseason hopes.
Extending him would keep one of the league's top point producers, but at a potential long-term cost.
There's no question Panarin remains a game-changer. But the Rangers know the window to win with their current core is narrowing. Whether they choose to trade him, extend him, or let him walk, the decision will shape the team's trajectory for years to come.
The writing may already be on the wall, and one thing is certain — the Rangers can't afford to wait until next July to decide Panarin's fate.
Also Read:
Connor McDavid's patience tested as Oilers trade key prospect amid rising 2025-26 expectations
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