Since Panarin is a once in a lifetime UFA who can benefit teams regardless of the stage of the team's development (contending, just playoffs, or like us rebuilding), then all 31 teams should be in on him.
To get a great player who can benefit any team without giving up any assets, you must offer him a contract that all 30 other GMs think is so crazy, they wouldn't even want this elite player for free. After all, if even 1 other team thinks the offer isn't insane, they'd still be bidding to get him for free.
So would you offer Panarin a contract that 30 GMs think is crazy? Just a yes or no please, no fantasies about how he will accept $2-3 million annually less from us and will accept not having a NMC when someone else will no doubt offer it.
Again, yes or no: do you think it would be smart for the Rangers to offer Panarin a contract that the other 30 GMs think is crazy?