Panarin’s Shocking Move: Why the Kings’ New Star Could Change the NHL Landscape Forever
Panarin, who is in the last of a seven-year, $81.5 million contract he signed with the Rangers on July 1, 2019, waived his full no-movement clause to join the Kings. New York will retain 50 percent of his remaining salary.
“Obviously, we made the deal today to make our team better,” Kings general manager Ken Holland said. “We signed him to a two-year extension. We weren’t going to do it as a rental. He didn’t want to go anywhere as a rental. He wanted to find a home, so we’re thrilled that he wanted to waive the no-trade (clause) to come to LA. We’re happy that we were able to get him to a two-year extension, and after two years, I’m hoping that we’re working on another extension, but (I’ll) worry about that down the road. I think it was just a matter of these types of players with this resume are very, very difficult to find, and we had an opportunity to add one today.”
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