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Panthers clear cap space by sending Frank Vatrano to Rangers

The Florida Panthers may be preparing to make a major splash.

Florida has dealt depth winger and pending unrestricted free agent Frank Vatrano to the New York Rangers for a fourth-round draft selection, the teams announced on Wednesday.

The move will clear out just over $2.5 million in salary for Panthers GM Bill Zito, presumably paving the way for a more substantial addition ahead of Monday's trade deadline.

While the deal certainly appears to be more about what the Panthers may have up their sleeve, Vatrano is a useful player in his own right.