Marchand is fresh off of helping lead the Panthers to their second straight championship. In his first season with the team after being acquired before the trade deadline, he was a huge part of knocking off the Edmonton Oilers and Connor McDavid for the second straight season in the Stanley Cup Final.

Marchand and the Panthers are nearing a six-year contract extension worth just less than $32 million, according to Sportsnet's Elliott Friedman. That comes after Friedman reported the Panthers reached an eight-year contract with Aaron Ekblad, a deal with a $6.1 million average annual value.

The Panthers have done a masterful job re-signing their own free agents this offseason. In addition to Marchand, Florida has kept top-six center Sam Bennett (eight years, $64 million) and star defenseman Aaron Ekblad (eight years, $48.8 million).