DEAL DONE: Panthers agrees to sign a one-year $800,000 contract with a young gifted star.

Florida Panthers sign Nate Schmidt to one-year, $800,000 contract

Nate Schmidt looking forward to playoff hockey in Vegas as the opponent -  Las Vegas Sun News

According to Daily Faceoff insider Frank Seravalli, the Florida Panthers have signed defenseman Nate Schmidt to a one-year contract worth $800,000, indicating that they want to continue shopping around for their blue line this season.

After being bought out by the Winnipeg Jets with one year left on his six-year contract with a $5.95 million cap hit, Schmidt became an unrestricted free agent. With his new contract having the second-lowest AAV of his career and accounting for just 0.91% of the 2024–25 salary limit, he will make $5.15 million less than he did under his prior agreement.

As of right now, nothing is known about this contract’s signing bonuses or no-move/no-trade restrictions.

After a dismal season in which he managed just two goals and twelve assists for a total of 14 points in 63 appearances, Schmidt was bought out. His previous career low was 15 points, which came in the season he played at least 50 games. It was his lowest performance in any season of his career.

Schmidt was a University of Minnesota undrafted free agent that the Washington Capitals signed. After making his debut in the 2013–14 season, Schmidt signed an entry-level contract with the Caps in 2013. He played for the team for the following four seasons until the Golden Knights claimed him in the expansion draft. After three seasons with Vegas, he was sent as a cap dump to the Vancouver Canucks in the 2020 offseason. He then spent one more season with the Jets, where he played for the previous three seasons before being bought out this summer.

The Panthers have primarily made minor transactions to bolster the roster on the periphery rather than any major ones thus far. by adding players such as Chris Driedger, Tomas Nosek, Jesper Boqvist, Rasmus Asplund, and Schmidt. After the signing, their expected salary cap space is little over $5.7 million. Anton Lundell and Mack Guzda are the only restricted free agents still in their system.

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