Keith Yandle has signed a SEVEN-YEAR deal with the Panthers for a total of $44.45 million and a cap hit of $6.35 million per season. (ESPN)
The contract features a no-move clause in the first six-years of the deal and a modified no-trade clause in the seventh year.
As a condition of Yandle signing with the Panthers, the Rangers receive a 2017 4th round pick.
Adam Rotter: Well, it was going to take a lot to keep Yandle off the market and that is certainly a lot of money and a lot of years. It's a giant contract but the Panthers needed to overpay to make sure they got him. The Rangers could not make this type of commitment to keep Yandle. Their cap situation wouldn't have allowed for this kind of move unless they found a way to move out from Marc Staal and/or Dan Girardi's contracts. The Rangers paid a lot to get Yandle and the best hope now is that they will be able to draft and develop NHL players with the two picks they got for him.