Capitals poised to land Panarin as extension price shapes trade market

Panarin’s looming trade could be one of the biggest in years, with the Rangers weighing siting him until the Olympic break and many teams wary of meeting a long-term, high-dollar extension; Washington’s ample cap space and deep prospect pool position them as early favorites, while interest persists from Florida, San Jose, and Seattle, all hinging on whether Panarin agrees to a long contract.