According to Sportsnet’s Elliotte Friedman, the deal has an average annual value of $10 million and a no-move clause for the first five years.
Bobrovsky was Florida’s top free-agent target this summer, especially after last week’s retirement of longtime goalie Roberto Luongo. Bobrovsky has a 2.46 goals-against average over nine NHL seasons, the last seven of those with Columbus.
The two-time Vezina Trophy winner was second in the NHL with 37 victories last season and led the league with nine shutouts.
Panthers general manager Dale Tallon says Bobrovsky "is an elite starting goaltender who has consistently proven to be one of the best in the NHL."
— With files from Associated Press