That was never going to be the deal with Panarin. That was a dumb ass signing by JG with hopes of speeding along a process that had barely even gotten started. That was the eject button on the entire rebuild. If you believe the Robertson+1st for Kreider rumor from the deadline in 2020, you can thank Panarin for nuking that idea when he pulled a lottery team up to one on the border of the playoffs.
If you want to shelter your youth, you overpay for 2-3 years for someone like what Panarin is now (or even a lesser player.) When you throw the contract that he actually got at any player you're basically saying you're going to try to build around him and thats exactly what they tried to do. If they passed on Panarin, they're dismantling and accumulating assets for at least another season and maybe even another 2 (they had the green light to do this too.)
It was so unnecessary and just the worst case of instant gratification that I can think of. Not Monday morning QB'ing this either, I've been against this since it was a possibility because I knew what the fall out would be.
He's actually aged better than I thought he would. It could have even worked had he been able to give them 90% of what he's done in the regular season in the playoffs but we know how thats gone.