In return, the Rangers receive forward Liam Greentree and conditional third-round (2026) and fourth-round (2028) picks, the Kings announced. The Rangers retain half of Panarin's salary, and he received a two-year extension fromLos Angeleswith an $11 million cap hit.
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The struggling Rangers had sent a letter to fans that that they were going toretool their rosterand that it might mean saying "goodbye to players that have brought us and our fans great moments over the years."
Panarin was told that the team would not be offering him a contract extension. He was in the final year of a seven-year contract averaging $11.6 million and had a full no-movement clause. Last week,they held him out of the lineupto prevent him from getting hurt as they worked out a trade.
Feb. 24: The Pittsburgh Penguins acquire defenseman Samuel Girard and a 2028 second-round pick for defenseman Brett Kulak.
(Isaiah J. Downing, Imagn Images)
Feb. 4: The Los Angeles Kings acquired left wing Artemi Panarin from the New York Rangers in exchange for forward Liam Greentree and conditional third-round (2026) and fourth-round (2028) picks.
(Stan Szeto, Imagn Images)
Feb. 4: The New Jersey Devils acquired forward Nick Bjugstad from the St. Louis Blues in exchange for forward Thomas Bordeleau and a conditional fourth-round pick.
(Steve Roberts, Imagn Images)
Jan. 27: The New York Islanders acquired left wing Ondrej Palat, a 2026 third-round pick and a 2027 sixth-round pick from the New Jersey Devils in exchange for forward Maxim Tsyplakov.
(Eric Hartline, Imagn Images)
Jan. 26: The New York Islanders acquired defenseman Carson Soucy from the New York Rangers in exchange for a third-round pick in the 2026 NHL Draft.
(Isaiah J. Downing, Imagn Images)
Jan. 20: The San Jose Sharks acquire forward Kiefer Sherwood from the Vancouver Canucks for second-round picks in 2026 and 2027, plus defenseman Cole Clayton.
(Bob Frid, Imagn Images)
Jan. 19: The Vegas Golden Knights acquire defenseman Rasmus Andersson from the Calgary Flames for defenseman Zach Whitecloud, defense prospect Abram Wiebe, a conditional first-round pick in the 2027 NHL Draft and a conditional second-rounder in 2028.
(Sergei Belski, Imagn Images)
Jan. 16: The Anaheim Ducks acquire winger Jeffrey Viel from the Boston Bruins for a 2026 fourth-round pick. Anaheim will give up the better of the fourth-rounder previously acquired from Philadelphia and Detroit.
(Bruce Bennett, Getty Images)
Jan. 8: The San Jose Sharks acquire goaltender Laurent Brossoit, defenseman Nolan Allan and a 2028 seventh-round pick from the Chicago Blackhawks for defensemen Ryan Ellis, Jake Furlong and a 2028 fourth-rounder.
(David Kirouac, Imagn Images)
Dec. 29: The Pittsburgh Penguins acquire forward Yegor Chinakhov from the Columbus Blue Jackets for forward Danton Heinen, a 2026 second-round draft pick and a 2027 third-rounder.
(Bruce Bennett, Getty Images)
Dec. 19: The Montreal Canadiens acquire center Phillip Danault, right, from the Los Angeles Kings for a 2026 second-round pick.
(Marc DesRosiers, Imagn Images)
Dec. 19: The Columbus Blue Jackets acquire forward Mason Marchment from the Seattle Kraken for a 2026 fourth-round pick and a 2027 second-round pick.
(Charles LeClaire, Imagn Images)
Dec. 12: The Minnesota Wild acquired Quinn Hughes from the Vancouver Canucks for Marco Rossi, Zeev Buium, Liam Ohgren and a 2026 first-round pick.
(Simon Fearn, Imagn Images)
Dec. 12: The Edmonton Oilers acquired Tristan Jarry and Samuel Poulin from the Pittsburgh Penguins for Stuart Skinner, Brett Kulak and a 2029 second-round pick.
(Jerome Miron, Imagn Images)
Oct. 24: The Vancouver Canucks acquire forward Lukas Reichel from the Chicago Blackhawks for a 2027 fourth-round pick.
(Talia Sprague, Imagn Images)
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NHL trade tracker: Who changed teams in 2025-26
Feb. 24: The Pittsburgh Penguins acquire defenseman Samuel Girard and a 2028 second-round pick for defenseman Brett Kulak.
(Isaiah J. Downing, Imagn Images)
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NHL trade tracker: Who changed teams in 2025-26
Feb. 24: The Pittsburgh Penguins acquire defenseman Samuel Girard and a 2028 second-round pick for defenseman Brett Kulak.
(Isaiah J. Downing, Imagn Images)
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NHL trade tracker: Who changed teams in 2025-26
Feb. 4: The Los Angeles Kings acquired left wing Artemi Panarin from the New York Rangers in exchange for forward Liam Greentree and conditional third-round (2026) and fourth-round (2028) picks.
(Stan Szeto, Imagn Images)
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NHL trade tracker: Who changed teams in 2025-26
Feb. 4: The New Jersey Devils acquired forward Nick Bjugstad from the St. Louis Blues in exchange for forward Thomas Bordeleau and a conditional fourth-round pick.
(Steve Roberts, Imagn Images)
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NHL trade tracker: Who changed teams in 2025-26
Jan. 27: The New York Islanders acquired left wing Ondrej Palat, a 2026 third-round pick and a 2027 sixth-round pick from the New Jersey Devils in exchange for forward Maxim Tsyplakov.
(Eric Hartline, Imagn Images)
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NHL trade tracker: Who changed teams in 2025-26
Jan. 26: The New York Islanders acquired defenseman Carson Soucy from the New York Rangers in exchange for a third-round pick in the 2026 NHL Draft.
(Isaiah J. Downing, Imagn Images)
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NHL trade tracker: Who changed teams in 2025-26
Jan. 20: The San Jose Sharks acquire forward Kiefer Sherwood from the Vancouver Canucks for second-round picks in 2026 and 2027, plus defenseman Cole Clayton.
(Bob Frid, Imagn Images)
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NHL trade tracker: Who changed teams in 2025-26
Jan. 19: The Vegas Golden Knights acquire defenseman Rasmus Andersson from the Calgary Flames for defenseman Zach Whitecloud, defense prospect Abram Wiebe, a conditional first-round pick in the 2027 NHL Draft and a conditional second-rounder in 2028.
(Sergei Belski, Imagn Images)
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NHL trade tracker: Who changed teams in 2025-26
Jan. 16: The Anaheim Ducks acquire winger Jeffrey Viel from the Boston Bruins for a 2026 fourth-round pick. Anaheim will give up the better of the fourth-rounder previously acquired from Philadelphia and Detroit.
(Bruce Bennett, Getty Images)
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NHL trade tracker: Who changed teams in 2025-26
Jan. 8: The San Jose Sharks acquire goaltender Laurent Brossoit, defenseman Nolan Allan and a 2028 seventh-round pick from the Chicago Blackhawks for defensemen Ryan Ellis, Jake Furlong and a 2028 fourth-rounder.
(David Kirouac, Imagn Images)
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NHL trade tracker: Who changed teams in 2025-26
Dec. 29: The Pittsburgh Penguins acquire forward Yegor Chinakhov from the Columbus Blue Jackets for forward Danton Heinen, a 2026 second-round draft pick and a 2027 third-rounder.
(Bruce Bennett, Getty Images)
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NHL trade tracker: Who changed teams in 2025-26
Dec. 19: The Montreal Canadiens acquire center Phillip Danault, right, from the Los Angeles Kings for a 2026 second-round pick.
(Marc DesRosiers, Imagn Images)
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NHL trade tracker: Who changed teams in 2025-26
Dec. 19: The Columbus Blue Jackets acquire forward Mason Marchment from the Seattle Kraken for a 2026 fourth-round pick and a 2027 second-round pick.
(Charles LeClaire, Imagn Images)
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NHL trade tracker: Who changed teams in 2025-26
Dec. 12: The Minnesota Wild acquired Quinn Hughes from the Vancouver Canucks for Marco Rossi, Zeev Buium, Liam Ohgren and a 2026 first-round pick.
(Simon Fearn, Imagn Images)
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NHL trade tracker: Who changed teams in 2025-26
Dec. 12: The Edmonton Oilers acquired Tristan Jarry and Samuel Poulin from the Pittsburgh Penguins for Stuart Skinner, Brett Kulak and a 2029 second-round pick.
(Jerome Miron, Imagn Images)
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NHL trade tracker: Who changed teams in 2025-26
Oct. 24: The Vancouver Canucks acquire forward Lukas Reichel from the Chicago Blackhawks for a 2027 fourth-round pick.
The Kings need offense, ranking 28th in the league, and Panarin provides plenty, leading the Rangers every year in scoring since he arrived as a free agent in 2019. Even in a down year, he has 57 points in 52 games. Los Angeles is third in goals-against average, so a little extra boost on the scoring side could translate to more wins. That's important with the Kings sitting one point out of a playoff spot and trying to go on a postseason run in captainAnze Kopitar's final year. Getting the 34-year-old signed for another two years will help the Kings after Kopitar retires.
Panarin was the Rangers' best trade asset and the return seems low. Greentree is 20, 6-foot-3, 216 pounds and was a 2024 first-round pick. He had 119 points last season with the Windsor (Ontario) Spitfires. But there was no first-round pick in the deal. Thethird-rounder can move to a secondif the Kings win a playoff round and a fourth-rounder comes into play if they win two rounds. Panarin had to choose where he went, so that limited the Rangers' options. Also hurting their return: New York made clear it was moving him and he was a pending unrestricted free agent.
