Panthers buy out final 2 years of Keith Yandle’s contract
Posted July 15, 2021 8:09 am.
Last Updated July 15, 2021 8:21 am.
The Florida Panthers bought out the remainder of veteran defenseman Keith Yandle’s contract on Thursday.
Yandle was signed for two more seasons at a salary cap hit of $6.35 million. The buyout saves Florida $4 million against the cap next season, just under $1 million in 2022-23 and costs an extra $1.2 million in 2023-24 and 2024-25.
The 34-year-old holds the longest active ironman streak in the NHL at 922 consecutive regular-season games played — 42 short of Doug Jarvis’ record. The Panthers made Yandle a healthy scratch for half of their first-round playoff series, but that does not affect his streak.
Yandle immediately becomes an unrestricted free agent. Like Minnesota’s Ryan Suter and Zach Parise, he did not need to go on buyout waivers because Yandle had a no-movement clause in his contract.
He can sign with another team when free agency opens July 28.
“We would like to extend a sincere thank you to Keith for all that he’s contributed to the Florida Panthers organization and to the South Florida community over the past five seasons,” general manager Bill Zito said. “While a decision of this kind is never an easy one to make, we believe that this shift is necessary as we look towards the 2021-22 season and our club’s future.”
Buying out Yandle allows the Panthers to protect another player in the Seattle expansion draft. Protected lists are due Saturday.
The Boston native has skated in 1,032 regular-season and 58 playoff games for the Coyotes, Rangers and Panthers since making his NHL debut in 2006. Yandle joins Suter among the experienced left-handed-shooting defenseman available this summer.
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Stephen Whyno, The Associated Press
