Kovalev signed a one-year contract with the Panthers that Bob McKenzie is reporting is worth $1 million and also contains bonuses for games played.
Kovalev came to camp with Florida on a tryout contract after playing last season in the Kontinental Hockey League. He last played in the NHL at the end of the 2010-11 season with the Pittsburgh Penguins.
Teams must announce their 23-man rosters for opening night by 5 p.m. ET Friday.
Your team is going to want to recapture the feeling. What they're going to have to figure out is they're going to have to rewrite the story. Because you're going to rewrite the story doesn't mean you want a different end. It's just that you're going to have to learn that there's different challenges to get there, and if you're going to try and tap the same feeling, it ain't going to happen.
— Los Angeles Kings general manager Dean Lombardi on maintaining their success from last season