Offseason Checklist: New York Islanders

The offseason has arrived for all but a handful of teams who are still taking part in the playoffs.  Accordingly, it’s now time to examine what they will need to accomplish over the coming months.  Next up is a look at the Islanders.

For most of the season, the Islanders were teetering on the edge of the postseason and eventually, GM Lou Lamoriello opted to make a change, hiring Patrick Roy to take over behind the bench.  New York got on a bit of a hot streak toward the end of the year to get into the playoffs but they were quickly eliminated by Carolina.  Now, the Isles need to try to add to their group in the hopes of grabbing a firmer hold of a playoff spot next season.  Here’s what they should be looking to accomplish in the coming months.

Create Cap Space

Let’s run the numbers first.  Per CapFriendly, New York has a little over $6MM in cap room for next season and a handful of roster spots to fill.  If they did nothing, they could ice a cap-compliant lineup but it wouldn’t necessarily be any better than the one that struggled for most of the regular season and went out quickly in the playoffs.  If they want to make an impactful addition, they need to find a way to get the money to make that happen.

Anders Lee had a tough year, seeing his output dip to 37 points which isn’t a great return on a $7MM price tag through the 2025-26 campaign.  While it would be hard to see Lamoriello move his captain, it’s worth noting his full no-trade protection drops to a 15-team one on July 1st.  Jean-Gabriel Pageau has two years left at $5MM and is more of a third liner at this point.  Meanwhile, Kyle Palmieri is entering the final year of his deal at a $5MM price tag.  That said, he’s also coming off a 30-goal campaign so while moving him would open more flexibility, it’d also create a bigger gap to try to fill offensively.

The good news for a possible Palmieri move is that his value has gone up to the point where they could move him without retaining or needing to incentivize a team to take him on.  The bad news is that this likely can’t be said for Pageau or Lee.  This is where adding the extra second-round pick in a rare May swap of draft picks with Chicago is notable.  While it’s possible that it was done to give them a chip to dangle to add someone, it’s also possible that they wind up using it as the incentive for a team to take on a player, similar to what they did to move Josh Bailey last summer.

Regardless of how they get it done though, if Lamoriello wants to add to his team, he needs to find a way to add some cap space first.

Extension Talks

Lamoriello is known to like to use the leverage when he has it which resulted in both Noah Dobson and Alexander Romanov signing below-market contracts back in 2022.  They’ve benefited from that the last two seasons and will again in 2024-25 but they’ll have to pay the piper after that as both players will be restricted free agents with arbitration eligibility next summer.  With the way both have progressed, it might make sense for the Isles to look into potentially extending one or both players this summer.

Dobson’s is the more prominent case.  After narrowly missing out on the 50-point mark for the second straight year in 2022-23, the 24-year-old blew past that and then some, putting up 70 points in 79 games.  Perhaps more importantly, he grabbed hold of the number one spot on the depth chart and ran with it, logging over 24 minutes a night.  He has established himself as a legitimate top-pairing defender at a minimum and with another year or two like this one, he could become a true number one blueliner.

These are the types of players that are extremely hard to come by, particularly right-shot defenders.  Accordingly, messing around and trying to low-ball in negotiations probably won’t fly so expect New York to put their best foot forward pretty quickly.  His current salary and AAV is $4MM and it’s safe to say that his next deal will at least double that and likely more.  If they wait on doing this now and Dobson has another big year, it’s possible that he could surpass Mathew Barzal’s $9.15MM AAV to become the most expensive player on the team.

Romanov won’t be getting anywhere near that level but he has become an important part of their top four after being acquired at the 2022 draft from Montreal.  He doesn’t have the offense to command top dollar like Dobson will but as someone who logs around 20 minutes a night, kills penalties, and brings a physical edge to the table, he’ll still be well-positioned for a fair-sized raise on his current $2.5MM AAV and should be in the $4MM range on his next contract.  This is a case where there isn’t as much risk in waiting as there might be with Dobson but it wouldn’t be surprising to see Lamoriello try to get this one done early as well.

Add Scoring Help

Scoring goals has been an issue for the Islanders in recent years.  The last time they were better than 20th in goals was back in 2017-18 and their roster as currently constructed doesn’t have a lot of firepower outside their top six.  (And if Palmieri ends up being the cap casualty, they’ll lose another scoring threat.)  Finding a way to add to that will be critical.

They’re hoping that Maxim Tsyplakov will help somewhat on that front after a 31-goal breakout year in the KHL that saw him get interest from at least a dozen teams before signing with New York.  But asking him to step in and play in the top six right away would be putting a lot of pressure on him.  Playing in the bottom six and ideally shoring up the offensive potential of that group would certainly help, however.

But that’s probably a small improvement at most.  A legitimate top-six option is needed to give this group enough firepower to have a chance to stay in the playoff mix next season.  If they’re confident they can extend Brock Nelson (who’s also extension-eligible this summer) which would allow them to keep Barzal on the wing, they wouldn’t necessarily have to look at options down the middle which is ideal since the depth on the wing in this free agent class is better than the center group.

But again, with barely $6MM in cap space, that can easily be spent on one impactful player on the open market without doing anything about filling out the rest of their roster.  Accordingly, they’ll have to get creative to add the scoring depth they need.

Shore Up Defensive Depth

This was a tough year for the Islanders from an injury perspective, especially when it came to their back end.  Ryan Pulock, Adam Pelech, and Scott Mayfield (three of their top five blueliners) all missed at least 24 games due to injuries which put their defensive depth to the test.  After some early struggles, Lamoriello added veterans Robert Bortuzzo and Mike Reilly to try to stabilize things, moves that worked out relatively well considering the low acquisition price.

However, their depth is about to get thinned out.  Both Bortuzzo and Reilly are set to become unrestricted free agents this summer as are Sebastian Aho and Robin Salo (who has seen NHL action in two of the last three years).

It’s possible that Reilly returns if he’s willing to sign for around the $1MM he made this season.  Aho has earned a raise from the $825K he made for the past two years which could price his way out of what the Isles can afford to pay a seventh defender.  In the minors, Salo joins Paul LaDue as veterans on expiring deals so work needs to be done there as well.

Lamoriello might need to sign three or four blueliners in the coming weeks to ensure he has sufficient depth in case injuries strike once again.  As a result, expect to see several blueliners added early in free agency or on the trade front in the coming weeks.

Photo courtesy of USA Today Sports Images.