The Rangers didn't have $20M of cap space just sitting there. The Rangers gave $11.6M to Panarin. The Rangers traded for Trouba knowing he wants $7.5M-$8M per. The Trouba arbitration briefs are due next Tuesday. Once the Rangers get Trouba under contract, they will have no more cap space left.
The Rangers have other players to sign too. Buchnevich has averaged .56 PPG in his career. I read on here how Buchnevich should take $1M and be happy with it. Or Buchnevich is worth $2.5M AAV for two years. Alex Iafallo who has averaged .369 PPG got $2.45M AAV for two years to avoid arbitration. Buchnevich is worth more than $2.5M AAV in a two year bridge deal. Deangelo and Lemieux didn't sign their QO by yesterday's deadline. Who knows about their situations. Leave space to operate the team in the season.
It will be interesting to see how Gorton gets himself out of this situation. Will it be worth it in the end? Or are the Rangers just moving money around with the same results. Buying out Smith. Buying out Shattenkirk. Instead of just accepting their medicine and letting the bad contract(s) expire in two years, the Rangers will extend the bad money by two years on their cap. Buy out this player. Trade this player for 70 cents on the dollar. Send this player to the AHL to save $1,075,000 on the cap.
The Rangers rise will be determined how fast their top young kids are ready for the big stage and not some big name player from Columbus.
JD always brings up Panarin will be just 28 at the start of this season and how Panarin will still be a good player in 2-3 years when the Rangers young players are ready to become stars. The Rangers are wasting the few remaining prime years left on Panarin. It's not like the Rangers are a team ready to win right now and Panarin will help push them over the top in the next few years. They will try to capitalize and maximize Panarin to win right now/right away. We gave Panarin crazy money but we want to win in the next 1-2 years and we will worry about the backend of the contract later as long as we win in the next few years. They keep saying Panarin will help them in 2-3 years from now. They are wasting the few remaining prime seasons. They admit too. It's backwards thinking.
The Rangers put themselves into a cap bind. It will be interesting to see how Gorton gets them out of this situation. Will it be worth it all in the end?
The Dom guy at The Athletic ran his numbers and there is less than a 50% chance Panarin will be a positive/productive player throughout the 7 year term of the contract.