Panthers buy out D Keith Yandle’s contract

NHL: Florida Panthers at Montreal Canadiens
FILE PHOTO: Oct 24, 2017; Montreal, Quebec, CAN; Florida Panthers defenseman Keith Yandle (3) celebrates his goal against Montreal Canadiens with teammates during the second period at Bell Centre. Mandatory Credit: Jean-Yves Ahern-USA TODAY Sports

July 16, 2021

The Florida Panthers announced a buyout of defenseman Keith Yandle’s contract on Thursday.

The 15-year veteran turns 35 in September and had two seasons remaining on a seven-year, $44.45 million deal he signed in June 2016. That contract also had a no-movement clause.

“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 in a news release. “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.”

Yandle owns the NHL’s longest active ironman streak, having played in 922 consecutive regular season games since March 2009. He is 42 games shy of the NHL record of 964 set by Doug Jarvis from 1975-87.

He carried a salary cap hit of $6.35 million for the next two seasons with Florida. Per multiple reports, the buyout will save the Panthers $4 million against the cap in 2021-22 and just under $1 million in 2022-23. It will add a charge of $1.24 million in 2023-24 and 2024-25.

Yandle tallied three goals and 24 assists in 56 games during the 2021-22 regular season.

The three-time All-Star has 600 points (102 goals, 498 assists) and 602 penalty minutes in 1,032 career games with the Phoenix/Arizona Coyotes (2006-15), New York Rangers (2015-16) and Panthers.

(Field Level Media)