Panthers Expected To Sign Nate Schmidt

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.

The 32-year-old struggled badly last season, registering just two goals and 12 assists in 63 games in what was his worst offensive season since a one-year stay in Vancouver during the pandemic-shortened 2020-21 season. Schmidt spent three seasons with the Jets, with the last two being some of the most difficult seasons of his 11-year NHL career. While his stay in Winnipeg was largely unsuccessful, he will be reunited with former head coach Paul Maurice in Florida which factored heavily in his decision.

While Schmidt’s offensive numbers have fallen off in recent years, his underlying numbers remained strong last year. Schmidt continued to post strong possession numbers with a CF% of 52.9% at even strength and a FF% of 54.1% (as per Hockey Reference). As good as those underlying numbers were, Schmidt struggled badly in the playoffs posting a -5 in just three games.