Panarin’s Historic Milestone Overshadowed by Rangers’ Struggles, Trade Rumors Intensify

NEW YORK, January 16, 2026 – Artemi Panarin, the New York Rangers’ elite left winger, continues to produce at a star level, recently notching his 600th point with the franchise in record time. However, his individual brilliance is set against the backdrop of a deeply disappointing team season, placing the 34-year-old pending unrestricted free agent at the center of the NHL’s most compelling trade narrative as the March 6 deadline looms.

A Milestone Amidst Mediocrity

In a January 12 loss to the Seattle Kraken, Panarin recorded an assist, marking his 600th point as a New York Ranger. He reached the milestone in just 475 games, the fewest in the storied history of the franchise. Since joining the Rangers in 2019, his 600 points rank fifth in the entire NHL, trailing only Connor McDavid, Leon Draisaitl, Nathan MacKinnon, and David Pastrnak. This season, Panarin remains the team’s offensive engine, leading the Rangers with 51 points (16 goals, 35 assists) through 47 games.

The Rangers’ Precarious Position

The celebration of Panarin’s achievement is muted by the team’s performance. As of January 16, the Rangers hold a record of 20-22-6, placing them 8th in the Metropolitan Division and well outside the Eastern Conference playoff picture. The team has been hampered by key injuries, including to defenseman Adam Fox and goaltender Igor Shesterkin, and possesses a negative-23 goal differential, ranking 29th in the league.

Key Facts & Contract Status

Trade Winds Blowing

With the Rangers publicly announcing a “retool” and extension talks with Panarin reportedly stalled, trade speculation has reached a fever pitch. Insiders report the Rangers have informed Panarin he will not be offered an extension on his current terms, opening the door for a potential deal. Panarin holds full control with a no-movement clause, meaning any trade requires his approval.

Analysts have linked several contending or ambitious teams as potential fits, including the Washington Capitals, Colorado Avalanche, Florida Panthers, Detroit Red Wings, and Carolina Hurricanes. The Capitals, with significant projected deadline cap space and the presence of fellow Russian star Alex Ovechkin, are frequently mentioned as a logical destination.

What a Trade Could Look Like

The return for the Rangers would depend heavily on how many teams Panarin is willing to consider. If his list is short, the return may be limited to future draft picks. A broader market could yield a package including a first-round pick and a prospect. Complicating any deal is Panarin’s $11.64 million cap hit, which would likely require the Rangers to retain salary or involve a third team to make the finances work for an acquiring club.

Frequently Asked Questions

Will Artemi Panarin definitely be traded?

Not necessarily. As a pending UFA with a no-move clause, Panarin could elect to finish the season in New York and test free agency in July. The final decision rests with him.

What are the Rangers’ biggest needs in a potential trade?

Given their stated “retool,” the Rangers would likely prioritize acquiring young, NHL-ready talent, high-end prospects, and future draft capital to accelerate a competitive rebuild around a younger core.

When is the NHL trade deadline?

The 2025-26 NHL trade deadline is scheduled for Friday, March 6, 2026, at 3:00 PM ET.