The only reason I wouldn't try getting Breadman is that 2020 1st round pick.
Without him it's a top 5-10, with him a 10-20 pick ...
1 player does not make a team. Signing Panarin does not change the fact that our defense core is putrid, our 1G is a year older, and we have 4-5 expiring vets that will get moved out, on top losing Hayes and Zucc last season. This doesn't even take injuries into account, which we were among the healthiest teams last season.
And when all of the aforementioned picks/prospects/etc. break out and demand big pay days, we haven't won dick and we have a monster albatross contract for yet another past his prime superstar. Therefore handicapping us.
So in this magical fantasy land, we sign Panarin and this causes all of our prospects to reach their full potential within the end of their ELC. This will push Gorton to go full Dubas and hand out big long extensions to all of them. This seems like a great problem to have, for what it's worth, but let's consider some details here:
1. We currently have 19 million in cap space. We have ~20 million coming off the cap after this season, then the following season we have another ~25 million coming off the books with Hank and the bad D contracts. Cap increases over the next 2-3 seasons should be around 2 million average, with close to 5 million in the expansion year. If ALL our big rookies start their contract this season, by the time their ELC are up we will free up somewhere around 55 million in cap space (not including the space from this current Offseason). Over the next couple years will will further infuse more young ELCs. Let's say kakko is the all star we all dream he will be, thats one big contract. Maybe even Kravtsov explodes on the scene as well. That's still leaving ~35 million in space to fill out the roster. Gorton has handled all RFA contracts in the past before he got promoted, and he definitely used bridge type contracts to success. I'd guess he would be able to employ that strategy for any players who don't blow us out of the water (Chytil, Andersson, Howden, TDA just to name a few). A couple bridges and Panarin's contract will be up by the time they are up for raises again. All this considered I don't forsee the cap being an issue in the future with a big signing this summer.
2. The implication that Panarin(or Karlsson) are so good that they help push all these young players to their fullest potential. Would the kids be able to realize this potential without the presence of these stars?
3. The assumption that these players will sign full term and ridiculous money, but still be a complete albatross towards the end of the contract and be entirely unmoveable. Panarin is the type of player I feel will be productive well into this 30s. Karlsson has the talent to as well, but there are real concerns about the wear and tear on him. Fwiw I don't think they should pursue Karlsson for these reasons, but if Gorton does it would likely be on his terms.