From George Richards at the Miami Herald,

The Panthers announced Wednesday morning that they signed defenseman Bryan Allen to a five-year contract.
Allen, acquired last June as part of the Roberto Luongo trade with Vancouver, had a very solid season in 2006-07. Allen, who played in all 82 games, tied a career high in points (25) and had a career high 21 assists.
Terms of the deal were not disclosed; Allen made $1.55 million last season. Had he not resigned, Allen would have been a restricted free agent on July 1 and could have become an unrestricted free agent after next season.

continued...