Panthers Expected To Sign Nate Schmidt

07/02/2024 06:44 PM

The Florida Panthers are reportedly nearing a contract with defenseman Nate Schmidt, per Tim Reynolds of the Associated Press (Twitter link). The deal was confirmed by Frank Seravalli of the Daily Faceoff, who added that it will be a one-year, $800K contract (Twitter link).

This signing notably comes after Schmidt was bought out of the final season of his contract with the Winnipeg Jets. He was slated to count as $5.95MM against the salary cap – and was due $4.85MM in salary. He’ll take a substantial cut from that to join the reigning Stanley Cup champions.

More to come…