"As we try to guess what the front runners for Panarin would send back in a trade, we are caught between two very legitimate scenarios. The first scenario is that Panarin is only a trade deadline rental, unable to agree to a longer term deal with his new team. The second scenario is Panarin agrees to a contract either in advance of the trade, which changes trade value significantly."
"To be clear: Players under contract for 'X' number of seasons is far more valuable than rentals. This is where trade packages with the front runners for Panarin will change. Perhaps the primary target team also changes, as both teams can offer different packages depending on Panarin's situation and Drury's ask. The typical package for a rental of Panarin's magnitude is a high end prospect, a 2026 1st round pick, and since the Rangers would need to retain salary, a 3rd round pick (year doesn't matter)."
Colorado Avalanche and Washington Capitals appear positioned to acquire Panarin, though nothing is imminent and circumstances can change. Two primary scenarios determine trade value: Panarin as a trade-deadline rental or Panarin signing an extension prior to a trade. Rentals typically fetch a high-end prospect, a 2026 first-round pick, and a third-round pick because the Rangers would need to retain salary. A Panarin-with-extension deal would require an NHL-ready young player at a position of need plus additional assets, reflecting greater value for contracted players. Washington is favored for a rental; Colorado's draft assets and prospect pool present mixed options.
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