Islanders Place Pierre Engvall, Oliver Wahlstrom On Waivers

The Islanders have placed wingers Pierre Engvall and Oliver Wahlstrom on waivers for the purposes of assignment to AHL Bridgeport, Elliotte Friedman of Sportsnet reports.

After the Isles clear their roster spots tomorrow, they’ll have increased flexibility to activate their trio of injured skaters – Mathew Barzal, Anthony Duclair and Adam Pelech – from injured reserve. All three have practiced this week without a non-contact designation.

Engvall thus ends up on the wire for the second time this season. The 28-year-old tumbled down the Islanders’ depth chart during training camp and ended up on waivers before opening night rosters were due. After he managed 10 goals and 28 points in 74 games last season, it was no surprise to see him pass through unclaimed with a whopping six years and $18MM left on the seven-year deal he signed to remain on Long Island in 2023. As such, the likelihood of him being claimed this time remains slim.

In his 20-game call-up since being summoned in place of Duclair in October, Engvall has three goals and six points with a -3 rating. He’s been a healthy scratch three times in the last seven games, so it’s unsurprising to see him being one of the odd ones out to make way for their stars’ return. Waiving him also offers them the most significant possible financial benefit, which is an important consideration as they must navigate cap compliance while activating Barzal and Duclair from LTIR. They won’t be able to bury all of Engvall’s $3MM cap hit in the minors, but they will be able to shed a total of $2.15MM in cap hits combined between him and Wahlstrom.

In six games with Bridgeport in October, Engvall had just one goal. It was his first AHL action since the 2019-20 campaign as a member of the Maple Leafs organization.

Wahlstrom has been the less productive of the pair this season. While the Islanders avoided exposing the 2018 11th overall pick to waivers for as long as possible, there’s no better time than now. The 24-year-old Maine native has just two goals and four points in 27 games this season, averaging a career-low 10:04 per game.

A restricted free agent last summer, the Islanders came to terms on a one-year, $1MM deal for Wahlstrom before his scheduled arbitration hearing. Unfortunately, that choice precipitated Wahlstrom’s worst showing yet as an NHLer. While his offensive production never jumped off the page like they’d hoped, he was at least a semi-effective physical presence. He hasn’t been that at all this season, logging only seven hits in 27 games – his first time averaging under one per game. He also has an abysmal 38% shot attempt share at even strength and a 33.3% expected goals share, creating an argument for Wahlstrom as one of the least valuable skaters in the league.

Now in his sixth NHL season, Wahlstrom may be too far along in his development to be considered a legitimate bounce-back candidate with a change of scenery. Nonetheless, the former electric scoring threat in juniors may have at least one taker on the waiver wire as his $1MM cap hit is fully buriable in the minors if he doesn’t work out.

Images courtesy of USA Today Sports.