Artemi Panarin News: Inks two-year extension

Panarin (not injury related) signed a two-year, $22 million contract extension with the Kings on Wednesday, per Elliotte Friedman of Sportsnet.

Los Angeles acquired Panarin from the Rangers on Wednesday in exchange for Liam Greentree and a conditional 2026 third-round pick. Panarin is in the final season of a seven-year, $81.5 million contract, and the Rangers will retain 50 percent of his remaining cap hit as part of the trade. The third-round pick New York received will become a second-rounder if the Kings win at least one playoff series this year. If LA wins at least two postseason series this year, then the Rangers will also get a 2028 fourth-round selection. Panarin is unlikely to make his Kings debut versus Seattle on Wednesday, but he might play Thursday in Vegas.