Bjugstad, 26, is signed through the 2020-21 campaign and he carries an average annual value of $4.1 million. McCann, 22, is signed through the 2019-20 season and he carries an average annual value of $1.25 million. McCann will be a restricted free agent upon the completion of his deal; Bjugstad will be an unrestricted free agent.
Both young forwards have played both center and on the wing this year for the Panthers. Bjugstad has won 51 percent of his draws thus far, the third time in four seasons he's had a success rate of 51 percent or higher.
Bjugstad, who stands 6-foot-6, 215 pounds, is in his sixth full NHL season. He had five goals and 12 points in 32 games with Florida this year. Last year he suited up for all 82 games, notching 19 goals and a career-best 49 points.
A native of Minneapolis, Minnesota, the righthanded-shooting Bjugstad enjoyed his best season with the Panthers in 2014-15, scoring a career-high 24 goals and totaling 43 points in 72 games. In 394 career games, Bjugstad has tallied 87 goals, 104 assists and 191 points.
Twice Bjugstad has represented the United States in the World Championship, in 2013 and '17. He helped the Americans capture a bronze medal in '13. Bjugstad also skated in a pair of World Junior Championships for the U.S. in 2011 and '12. The Americans won bronze in '11.
Originally drafted by Florida in the first round (19th overall) in 2010, Bjugstad played three seasons of college hockey at Minnesota before turning pro late in the 2012-13 campaign.
Bjugstad's uncle, Scott, was a right wing for the Penguins in 1988-89. Scott Bjugstad notched three goals in 24 games with Pittsburgh.