Would have voted for "maybe." It depends on his asks. If he wants to be one of the top paid players in the league, then stay the course. If his demands are more reasonable (either in terms of cap or term), bring him in. The reality is we didn't finish bottom 5 this year, and there's no reason to expect that the team will be worse in the coming year. It's better to bring Kravs, #2, and the other young guns into a culture that always wants to win. Panarin can help that, and we have to cap to pay him within reason (he'd be off the books before our current kids need big paydays--and the contracts of Henrik, Staal, and Smith will all be off the books even sooner).
This team isn't going to "bottom 5" suck. As such, it's best to help them be as good as they can be. Unless Panarin wants stupid money (although I'm more concerned about term than I am cap with him).