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Artemi Panarin May Be Too Expensive For The New York Rangers

from Brett Cyrgalis of the New York Post,

The prevailing thought in the NHL is that the prize of the free-agent market, winger Artemi Panarin, has narrowed his choices to the Rangers, Islanders and Panthers. Florida is believed to be the leading contender for Panarin because there are no state taxes and the Panthers have hired his former coach with the Blackhawks, Joel Quenneville, but the Rangers and Islanders cannot be ruled out.

No offers can formally be made until the opening of the market on Monday but it is believed Panarin and his camp will finish this week-long courting period that began Sunday having met with at least all three teams to get a feeling of what might work best....

The Rangers are surely interested in Panarin, but the demand of a seven-year deal worth somewhere between $11 million-$12 million per year might be too pricey. It also wouldn’t match the value the Panthers would be able to offer because of Florida’s lack of income tax. That is a similarly attractive selling point for free-agent goalie Sergei Bobrovsky, a fellow Russian who played with Panarin in Columbus.

more on the Rangers

Filed in: NHL Teams, New York Rangers, | KK Hockey | Permalink
  Tags: artemi+panarin

Comments

OlderThanChelios's avatar

...somewhere between $11 million-$12 million per year might be too pricey. It also wouldn’t match the value the Panthers would be able to offer because of Florida’s lack of income tax.

If Panarin signed with the Rangers and lived in the city, he’d pay 8.82% in state taxes and another 3.876% in city taxes. That adds up to 12.696% in taxes he wouldn’t pay in Florida.

Based solely on a cap hit of $11.5M (which probably isn’t going to be his actual year-to-year salary), he’d have to give up $1.46M per year ($10.22M over seven years) in order to play for the Rangers. Or the Rangers would have to pay him around $13M per year in order to match the “value” of an $11.5M offer from Florida.

Posted by OlderThanChelios from Grand Rapids, MI on 06/27/19 at 11:12 AM ET

SYF's avatar

OTC, remember this this?

Posted by SYF from impossible and oddly communally possessive sluts on 06/27/19 at 04:23 PM ET

alwaysaurie's avatar

” he’d have to give up $1.46M per year ($10.22M over seven years) in order to play for the Rangers.”

—- Posted by OlderThanChelios.

True. Very true.


The only way it would make financial sense to play in New York or New Jersey is if the player envisions being a Cup-Winning-Ranger(or Cup-Winning-Devil) & also concludes that a player like that, by getting famous that city, would be a Big Apple Icon for the rest of their life and therefore always rolling in dough even after their playing career.


Some players chase both the Cup and celebrity, some don’t give a crap about being a celebrity and only want the Cup. I think both Panarin and Bobrovsky might think they can cash in by winning a Cup in NYC…


They might think differently, of course. What do I know, I’m just some old coot on the internet.

Posted by alwaysaurie on 06/28/19 at 06:02 AM ET

OlderThanChelios's avatar

OTC, remember this this?

Posted by SYF from Jackie Redmond’s blue eyes

Wow, SYF, that’s a great article. Never saw it before.

And the fact that that came out of “crazy” Sean Avery puts a whole different perspective on the guy. It should be required reading for every kid who becomes a pro hockey player.

Posted by OlderThanChelios from Grand Rapids, MI on 06/28/19 at 11:49 AM ET

SYF's avatar

The nickle and diming of an NHL player’s salary is just mind boggling and it took one of the most controversial players in recent years to make light of it.  The NHLPA really needs to find a way to put more money back into the players’ pockets.

Posted by SYF from impossible and oddly communally possessive sluts on 06/28/19 at 04:03 PM ET

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Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

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