Jaromir Jagr and the Florida Panthers are discussing a new contract for the veteran forward.
Jagr, 45, can become an unrestricted free agent July 1. He played this season on a one-year contract that had a $5.15 million NHL salary-cap charge, according to CapFriendly.com.
It is not expected that anything will be signed prior to the NHL Expansion Draft, which will be held June 17-21 to compose the roster of the Vegas Golden Knights. Signing Jagr prior to that would force the Panthers to consider adding him to their protected list.
Teams must protect seven forwards, three defensemen and one goaltender; or eight skaters (forwards/defensemen) and one goaltender.
Any player with a no-movement clause in his contract at the time of the expansion draft must be protected unless he waives it. All first- and second-year professional players, and unsigned draft choices, are exempt from selection by Vegas and do not have to be protected.
Vegas must select one player from each team to fill a roster of at least 14 forwards, nine defensemen and three goalies, with a minimum of 20 players under contract for the 2017-18 season. The value of the salaries must be at least 60 percent of this season's NHL salary cap (about $43.8 million).
The 30 other NHL teams must submit their list of protected players by 5 p.m. ET June 17. Vegas will be given the lists at 10 a.m. on June 18 and will have until 10 a.m. on June 21 to submit its selections.
The announcement of the selections will be made at the NHL Awards (7:30 p.m. ET; NBCSN, SN).
Vegas also can sign any restricted or unrestricted free agent left unprotected by his team from June 18-21. These free agents would not otherwise be allowed to sign with a team different than the one they played for this season until July 1.
Jagr was fourth on the Panthers with 46 points (16 goals, 30 assists) in 82 games this season.
He scored his 1,888th NHL point with an assist against the Boston Bruins on Dec. 23, passing Mark Messier for second all-time. Jagr trails Wayne Gretzky, who had 2,857 NHL points.
Jagr, who was named one of the 100 Greatest NHL Players presented by Molson Canadian earlier this season, has 1,914 points (765 goals, 1,149 assists) in 1,711 games.