I think the Hawks are pretty terrible too at this point. Their future looks real, real bleak to me. They've committed to crappy players for long, long terms and have shipped out a ton of young talent with no real logic at all. They have literally gotten miles younger as a whole in compairson to their 2017 team already. The only young players traded have been Hinostroza and Hartman with the latter returning 1st, 4th, and Edjsell.
I think NYR honestly have a brighter future than Chicago does though obviously the Hawks should be more than happy with that since they won multiple cups to our 0. NYR at least came to terms with what they have and what has to be done to get back where they want to be, Chicago is worse than they've been in a long time and management still seems to think they're just a few tweaks away from another run. Chicago has quietly built one of the top D prospect pools in the league with Jokiharju, Beaudin, Ian Mitchell, Chad Krys and Adam Boqvist all having high ceilings.
With Panarin and NYR it depends a lot on if someone trades for him this upcoming season, if they do they'll likely re-sign him. If he actually makes it to UFA, it'll be up to NYR management to try to convince him that they're on the right track and just about to shoot up a level.
Overall, I'd be surprised if he signs with NYR but I'd sure like to see it happen, he's a great player.