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Report: Florida Panthers do not ask Keith Yandle to waive NMC

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Keith yandle florida panthers
Florida Panthers defenseman Keith Yandle warms up before a game against the Carolina Hurricanes at BB&T Center during the 2021 season. // Photo by Roger Topalian, 21st Century Photography (561) 488-0000

It appears that, barring a buyout scenario, the Florida Panthers will protect defenseman Keith Yandle in the upcoming Seattle Expansion Draft as the team reportedly did not ask him to waive the no-movement clause in his contract by Tuesday’s deadline.

Elliotte Friedman, NHL Insider for Hockey Night in Canada, reported the news on Wednesday morning.

All players who have a no-movement clause in their contract have to be protected from Seattle.

If general manager Bill Zito does not buyout the final two years of Yandle’s contract before the draft, it appears that Florida would leave defensemen Radko Gudas and Gus Forsling exposed to the the Kraken.

The protected lists will be released on Saturday with the expansion draft being held next Wednesday.

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Zito is believed to be protecting seven forwards, three defensemen and a goalie; under that scenario, Yandle, Aaron Ekblad and MacKenzie Weegar would be the three players protected.

Of course, the Panthers could decide to buyout Yandle’s contract and there have been whispers teams around the league expect Florida to do just that.

Per CapFriendly.com, if Florida was to buyout Yandle’s contract, it would come with a cap hit of $2.34 million this coming season (which would give the Panthers an additional $4 million in cap space) but it balloons to $5.39 million in 2022-23 due to $3 million Yandle is owed that year in a signing bonus.

Only a player’s base salary can be bought out at two-thirds the money spread out over twice the remaining deal. If bought out, Yandle would remain on Florida’s salary cap for the next four seasons — but the team would save around $2.5 million.

So, over the course of four years — if Florida were to buyout Yandle’s deal — his cap hit would be: $2.34 million (2021-22); $5.39m (2022-23); $1.24m (2023-24); $1.24m (2024-25).

The Panthers have made no indication this is the route they will go.

Florida still has one more season of Roberto Luongo’s cap recapture due to early retirement of $1.1 million plus two more seasons of Scott Darling’s buyout at $1.18 million.

Florida traded James Reimer to Carolina on the eve of signing Sergei Bobrovsky and acquired Darling for the purpose of buying out his contract to clear some salary cap space.

The Seattle Expansion Draft: Who could the Florida Panthers lose?

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Thomas Wareham

Maybe the will buy him out or possible have a trade partner lined up? But with that contract, I’m not so sure. We will see what happens.

fan4pan

I just hope that this wasn’t about money. If Panthers lose Forsling because of paying Yandle..
BIG MISTAKE!

gnomodom

If this is the case, I’m just hoping that they just sign Driedger ahead of the UFA and that just becomes the pick. Seattle gets a very solid goalie coming into his own, and the Cats don’t lose anything substantial. This is sort of win win scenario I think.

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