Overview
- New York receives 20-year-old prospect Liam Greentree and a conditional 2026 third-round pick that becomes a second if the Kings win one playoff round, with an additional 2028 fourth if they win two.
- The Rangers will retain 50% of Panarin’s remaining $11.6 million cap hit for this season.
- The trade was completed just as the NHL’s Olympic roster freeze began, removing one of the top pending free agents from the market until after Feb. 22.
- Panarin had 57 points in 52 games this season and was held out of the lineup in late January for roster management during trade talks.
- New York’s retool and Panarin’s full no-movement clause constrained the market, and he selected Los Angeles as his destination.