The Rangers have been stockpiling draft picks, particularly 1st rounders, over the last 3 years and not using them to lure players from other teams via trade - they've been actually selecting those draft picks. Signing a single UFA, albeit high priced, is obviously NOT their core philosophy on building the team - the draft picks are.
We can agree to disagree. By the time the Rangers might really be contenders Panarin's cap hit % (which, btw, is purely conjecture on your part since you don't know term or $) will likely be lower than that.
What kind of numbers will Zibanejad put up with Panarin on his wing? Might be elite, no?
This team needs to get better - through the draft and through free agency. They need to learn how to win. How to fight to get into the playoffs. How to win in the playoffs. How to win the ultimate prize. You don't do that with a bunch of 22 year olds without experience.
Again, I'm not pro Panarin but I understand the philosophy behind those that are and that they might not necessarily be wrong.
Lundqvist is a whole other debate that I don't care to get into.