The New York Rangers are retaining 50 percent of Artemi Panarin’s salary and cap hit in a blockbuster trade with the Los Angeles Kings, per Pierre LeBrun. The move marks a major shift for the Rangers roster as they part ways with their leading offensive star.
The financial details of the transaction are critical, as Panarin carries one of the more significant cap hits in the NHL. By retaining the maximum 50 percent, the Rangers are facilitating a deal that allows the Los Angeles Kings to fit the elite winger into their current salary cap structure. Panarin has been a perennial Hart Trophy candidate and a primary playmaker for New York since signing as a free agent in 2019.
Details regarding the draft picks or players heading back to the New York Rangers in the deal have not yet been confirmed. The trade represents a significant investment by the Kings as they look to elevate their status in the Western Conference. This is one of the largest salary retention deals involving a superstar player in recent league history.
This is a developing story. Check back for updates.
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