If people are going to @ me, I'm going to try and make my point one last time.
The main reason that I want the team to sign Panarin is because he will make the team more able to compete on a nightly basis, which will create a healthier developmental atmosphere around the influx of recent 1st rounders who will be coming in. I believe that the way the team works BEFORE it is competitive is just as important as the composition of the team when it SHOULD be competitive, and in my view, bad teams ignore that fact. I (and others) base this on actual experience building and rebuilding sports programs. Thus the argument that we don't need someone now because the team won't likely make the playoffs either way doesn't work for me. People are free to disagree, but I have not yet seen a good argument counter to this--one guy just kept saying the logic was "dumb" as if that was a legitimate response (and I'm guessing his counter experience is more with a video game console compared to building an actual team of real people). One person (I don't remember who--I think it was Edge or Inferno) offered that they don't think one season of losing most nights would impact the development of the kids. That's possible--it MIGHT not impact their mentality/development. But why risk it? To have a chance at a slightly higher draft pick? It just isn't worth it to me.
I keep seeing people complain about the money and the term. I do not understand that argument at all. This team has a BOATLOAD of cap space right now. They have more than enough to sign Panarin. I've seen arguments that Panarin would prevent us from re-signing KK or other young guys, but even if the cap DOESN'T go up (and it will), the following contracts will be off the books by the time the kids need 2nd contracts: Vesey ($2.25m), Namestnikov ($4m), Smith ($4.3m), Staal ($5.7m), and Henrik ($8.5m). All of these players have their replacements--on ELCs--either already on the roster or in the pipeline. That's almost $25 million dollars of cap coming off the books in the next three years. And that's not even taking into account the likelihood that a Panarin signing would likely be followed by a Kreider trade (take out Kreider's cap hit and Panarin would basically be getting ~$6m in additional cap for a HUGE and more durable upgrade on the top line LW). There will be NO problem whatsoever in signing kids to 2nd contracts. There is no financial impediment to signing Panarin, even at 7 years by 11 million. The money is more than there.
Other posters have already demonstrated how unlikely it is that Panarin would have a huge decline during a 7 year contract. The naysayers are painting it as a Callahan situation, where he'd be making 11m as a part time 4th liner by the end of the contract. That is highly unlikely, as again, others have shown.
The main point of difference that I have with the camp that doesn't want to sign Panarin is the fact that I believe (based on experience) that it is important for a team to believe they can win every night, even if they aren't going to be "competitive" for another couple of years. The other side wants the team to suck as much as possible for the hope that lightning will strike two years in a row in the lottery. You don't win in life banking on the lottery. You win by dealing with the things that you can control. Making a smart signing on a rare player who will likely still be playing an important (if not dominant) role when this team is competing for the Cup again, is a good thing.
If people have other ideas for how to do that that doesn't involve signing Panarin, I'm all ears and excited to listen and chat about those ideas. But thus far, through 20+ pages of discussion, the other side has chosen to call such concerns "dumb logic" (based on nothing but their arrogance) or dismiss it as not something that will cause a developmental issue. In other words, they--as many of us have been saying since early in the thread--want the team to suck hard so they can have another spin at the draft lottery, and they are willing to risk letting a toxic attitude into the room to do it. I, and others who have built teams (and, honestly, I'd bet that JD, Gorts, and the Rangers feel the same way about this), see that as incredibly reckless, and don't want to risk the phenomenal work done in the rebuild thus far in a search for "just one more piece."