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The massive price tag to pry Artemi Panarin from the Rangers revealed by Elliotte Friedman


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Aaron
January 25, 2026  (11:43)
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Jan 23, 2026; San Jose, California, USA; New York Rangers left wing Artemi Panarin (10) looks to pass the puck during the third period against the San Jose Sharks at SAP Center at San Jose.
Photo credit: Stan Szeto-Imagn Images

Artemi Panarin trade deadline chatter is not about 'interest', it's about the massive cost to acquire him from the New York Rangers.

The spark is real: Elliotte Friedman reported New York will not offer Panarin a contract extension.
Once that's out, every contender asks the same question, are we renting, or are we paying for years?
Panarin's contract gives him control too, with a full no-move clause shaping where this can even go.
On the ice, the production is still there, 19-37-56 in 51 games, with an $11,642,857 cap hit staring everyone in the face.
So what does 'fair' look like in 2026? Start with the closest recent comp people keep tossing around, the Brock Nelson deal.
Nelson went for Oliver Kylington plus Calum Ritchie, a conditional 2026 first, and a conditional 2028 third.
Ritchie matters in that package, because he's a real prospect needle, a 21-year-old center drafted in 2023, Round 1, by the Colorado Avalanche.
If you're the Rangers, you argue Panarin should cost more than Nelson because you're buying a top-line points engine, not just a second-liner behind a 1C.
The cap is the lever that changes everything, because fewer teams can swallow $11.64 million without help.
If New York keeps the full cap hit, the return likely slides, because the market shrinks to the rare club with space and the stomach.
If the Rangers retain up to 50 percent, suddenly the bid gets louder, and that's where the price climbs into the 'multiple-firsts' territory.
If a third team is needed to retain again, that broker is not doing favors, it's usually another pick burned just to make math work.

Artemi Panarin turns the New York Rangers into sellers

Rangers fans can feel it, this season has been a grind, and nobody wants another half-measure while the team sits at 21-25-6.
My read is simple: if Panarin is retained and open to an extension talk, the ask should start at a first-rounder, a premium prospect, and a whole lot more.
Now the clock is loud, because the next few games decide whether Drury squeezes every ounce of value, or blinks and takes the 'cleanest' offer.
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The massive price tag to pry Artemi Panarin from the Rangers revealed by Elliotte Friedman

Should the New York Rangers demand a Brock Nelson level return for Artemi Panarin?

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