Sam Reinhart takes hometown discount to remain in Florida.

The Florida Panthers have managed to hold on to forward Sam Reinhart, and have done so at what appears to be a very affordable price.

According to the Associated Press' Tim Reynolds, Reinhart will remain a Florida Panther for the foreseeable future after agreeing to terms on a new 8 year deal. Reynolds reports that the deal will carry a total value of $69 million over the full term of the deal, which works out to an average annual value and salary cap hit of $8.625 million per season.

That represents a significant bargain for the Panthers when you consider the fact that Reinhart is coming off of the best season of his NHL career, one that saw him record 57 goals and add 37 assists for a whopping 94 points in just 82 games.

Most projections had Reinhart earning considerably more, with several even putting him above the $10 million range. It would seem that a combination of Reinhart taking a bit of a hometown discount as well as the benefit of Florida being a no-tax state has resulted in that number coming down considerably for the Florida Panthers.

No word yet on any no-trade or no-move clauses in this deal.