Hanifin skates and moves well so barring a major injury I think he has many good years left. He is already defensively sound, but since defense is so cerebral dmen can keep getting better at the "thinking" part of the game as they get older, often becoming very effective well into their 30's.
Signing him to 8x7.5mil is a no brainier to me. Even if you decide to go full rebuild I think he is quite tradable at that price. He's a defensively responsible 40pt dman who plays all situations and can eat minutes. He will be signed through his entire prime at a time when we expect the cap to go up significantly.
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