The 24-year-old Cole was a first-round draft pick in 2007 but was used sparingly, appearing in 15 games and none after March 16. He's played in parts of three seasons.
The 27-year-old Cracknell became a regular on the checking line at the end of the season and played in five of six playoff games. In 20 regular-season games, 12 of them in the final month, he had two goals and four assists with a plus-3 rating.
We're buyers. We're committed to winning. That's what [owner Vinnie Viola] has said all along and what we've said all along. We want to win. We want to win a championship. We're putting the pieces together, step by step, and we're hopeful that Jaromir can lead these young guys to the promised land. It's a win-win for us.
— Panthers GM Dale Tallon on Jaromir Jagr, who he traded for from the Devils on Thursday