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Oliver Wahlstrom

Islanders Recall Pierre Engvall, Place Semyon Varlamov On IR

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Sunday: According to Andrew Gross of Newsday Sports, the Islanders have recalled Engvall back to the NHL, making the waiver process a bit of a formality. New York won’t have to place Engvall on waivers for another 30 days giving the organization some added flexibility. Gross also shares that the team has placed goaltender Semyon Varlamov, who’s missed the last eight games with a lower-body injury, on injured reserve retroactive to November 29th.

Saturday: Engvall cleared waivers, Friedman reports.  When he’s re-assigned to Bridgeport, they will free up a pro-rated $1.15MM in cap space.  As for Wahlstrom, he was claimed by Boston.

Friday: 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.

Bruins Claim Oliver Wahlstrom Off Waivers From Islanders

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Amidst some offensive struggles, the Bruins have added some depth up front.  Sportsnet’s Elliotte Friedman reports (Twitter link) that Boston has claimed winger Oliver Wahlstrom off waivers from the Islanders.

It has been a bit of a tumultuous tenure for Wahlstrom and the Isles in recent years.  The 24-year-old was the 11th overall pick back in 2018 after showing plenty of offensive promise with the US National Team Development Program.  He opted to turn pro after just one year at Boston College and the hope was that he’d become a reliable offensive player for New York before too long.

However, that never really came to fruition.  Wahlstrom’s NHL career got off to a good start in 2020-21 when he picked up 12 goals and nine assists in 44 games in the shortened season.  He followed that up with 13 goals and 11 helpers in 73 games the following season, a small uptick in overall production but a notable drop in points per game.  He was somewhat productive in limited action in 2022-23 when he had 16 points in 35 games but things went off the rails last year when he was a frequent healthy scratch and collected just six points in 32 games.

That led to some speculation that the two sides could be parting ways, a belief that carried over to the summer.  Instead, the two sides worked out a one-year, $1MM contract in late July.  However, while Wahlstrom was largely able to secure a regular role in New York’s lineup this season, his playing time and production have both been limited.  His 10:04 ATOI is a career low while he has just two goals and two assists in 27 appearances, leading to his waiver placement on Friday.

It’s a low-risk pickup for the Bruins who have just enough cap space to absorb Wahlstrom’s contract without needing to make any other roster moves.  If things go well, they’ll be able to keep him under club control for two more years although he will be arbitration-eligible.  Boston is now at the maximum of 23 players on its active roster.

New York Notes: Wahlstrom, Nelson, Trouba, Barbashev

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Breaking down a variety of Islanders topics in a mailbag published Thursday, Arthur Staple of The Athletic believes a waiver placement is the most likely option for winger Oliver Wahlstrom when training camps wrap up in a couple of months.

The Isles avoided an arbitration hearing with Wahlstrom last month, settling with the RFA on a one-year, $1MM contract. But it was clear at the time that the settlement didn’t necessarily mean he’d be back in an Islanders uniform next season.

Islanders general manager Lou Lamoriello has been shopping the 2018 11th overall pick as far back as the June draft, but Staple believes offers for the winger have “been tepid at best.” He also says that Wahlstrom likely doesn’t have a path to regular bottom-six minutes under head coach Patrick Roy, but that he also “would need to have an incredible camp to secure a top-six spot.” His trade value will remain the same if he sticks in the press box, and the Isles don’t have the cap flexibility to routinely make a seven-figure cap hit player a healthy scratch. For that reason, if Wahlstrom finds his way out of Long Island in the coming weeks, it’ll likely be on the waiver wire.

Here’s more from the New York teams:

  • The Isles have a bevy of crucial pending free agents, namely second-line center Brock Nelson. Staple believes they’d consider shopping Nelson before the trade deadline “if they’re well out of [the playoff race],” but if they opt to work on an extension, it’ll likely result in a long-term deal to keep his cap hit down. The cap-strapped Isles also need to ink star blue liner Noah Dobson to a new deal next summer – he’s a pending RFA. Nelson turns 33 in October, so a seven or eight-year extension would take him into his 40s.
  • Last month, the dust largely settled on a hectic summer for Rangers captain Jacob Trouba with a report that he was likely to remain with the Blueshirts this season after a heavy dose of trade rumors. The 30-year-old, who has two years left on his contract with a hefty $8MM cap hit, told The Athletic’s Peter Baugh that he’s happy to remain with New York and excited for the upcoming campaign. “It’s part of the business,” Trouba said. “I knew that part of my contract turned this year (to a no-trade list), and I submitted a list. That’s what I did. All the other noise was pretty much noise.” The defender also dispelled any notion that there was a rift between he and Rangers GM Chris Drury, saying communication with the entire front office was “great the whole time” throughout the summer.
  • The Rangers no longer own the signing rights to 2022 fifth-round pick Maxim Barbashev, but he’s staying in the organization on a one-year contract with the AHL’s Hartford Wolf Pack, the team announced today. The 20-year-old winger is coming off a disappointing fourth junior campaign in which he was limited to 35 points in 59 games between the QMJHL’s Moncton Wildcats and Shawinigan Cataractes. His signing rights lapsed after he wasn’t signed to an entry-level contract by the Blueshirts before June 1, but he’ll now get a bit of runway with Hartford to prove he can adjust to the pro game.

2024 Salary Arbitration Tracker

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It has been a quieter year on the salary arbitration front across the NHL.  After 23 players filed last summer, just 14 did this time around.  As expected, most have settled so far with a few hearings still pending.  Here’s a rundown of who has settled and who still needs to sign.

Updated 7/30/24, 1:07 p.m.

Contracts Settled

D Jake Christiansen (Blue Jackets) – one year, $775K (two-way agreement)
F Connor Dewar (Maple Leafs) – one year, $1.18MM
F Jack Drury (Hurricanes) – two years, $3.45MM
D Ty Emberson (Sharks) – one year, $950K
G Jet Greaves (Blue Jackets) – two years, $1.625MM (two-way in 2024-25, one-way in 2025-26)
F Ukko-Pekka Luukkonen (Sabres) – five years, $23.75MM
F Beck Malenstyn (Sabres) – two years, $2.7MM
D J.J. Moser (Lightning) – two years, $6.75MM
F Joe Veleno (Red Wings) – two years, $4.55MM
F Oliver Wahlstrom (Islanders) – one year, $1MM
F Kirill Marchenko (Blue Jackets) – three years, $11.55MM
F Martin Necas (Hurricanes) – two years, $13MM
D Ryan Lindgren (Rangers) – one year, $4.5MM

Contracts Awarded

D Spencer Stastney (Predators) – two years, $1.675MM (two-way in 2024-25, one-way in 2025-26)

Scheduled Hearings

none

A reminder of some of the arbitration rules for the upcoming potential hearings:

  • A player and team can settle on a deal at any point before the hearing starts.
  • Once the hearing has taken place, the arbitration decision must be issued by email within 48 hours.
  • Arbitration awards can only be one or two years in length. (Players who are in their final year of restricted free agency are only entitled to a one-year agreement from an arbitrator.)
  • The team decides on the awarded term as these were all player-elected filings.
  • The team can walk away from the arbitration decision if a contract with an average annual value of more than $4.74MM is awarded.

Worth noting is that teams who have someone file for arbitration will receive a second buyout window three days after their final contract is settled or awarded.  The window lasts for 48 hours and the only eligible players to be bought out in this timeframe are those who have an AAV of $4MM or more and were on that team’s reserve list at the trade deadline back in March.

Trade, Waivers Still Options For Oliver Wahlstrom Following Settlement

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Yesterday, Islanders winger Oliver Wahlstrom landed a new contract for this season, signing a one-year, $1MM pact to avoid an arbitration hearing next month. But that doesn’t do much to change the likelihood that he’ll be on their roster come opening night, according to Ethan Sears of the New York Post.

It appears not much has changed since general manager Lou Lamoriello said at the draft that the Isles were planning on qualifying Wahlstrom heading into free agency but would examine trade options as well. Wahlstrom himself was also noncommittal when asked if he would return to New York in 2024-25 during last season’s exit interviews in May.

The willingness from both sides to move on is reasonable. The 2018 11th overall pick has never managed more than 13 goals or 24 points in a single season, and an ACL tear in 2022-23 has limited him to just 67 total appearances over the last two campaigns. Even when in the lineup last season, Wahlstrom was a non-factor with two goals and six points in 32 games.

But when Wahlstrom filed for salary arbitration at the beginning of July, it meant discussions of him moving on would take a backseat until he settled or had a contract awarded via a hearing. That’s now in the rearview mirror, though, meaning trade rumors could heat up again between now and October.

If no trade materializes, the Islanders do have the option to send Wahlstrom to the minors for complete cap relief since his cap hit falls below the maximum buriable threshold of $1.15MM. However, he’s no longer waiver-exempt, and doing so would risk losing him for free on the wire at the end of preseason when teams are keen on poaching talent to address roster deficiencies that arose during camp.

Having Wahlstrom off the roster by opening night isn’t just motivated by his recent play and injury struggles. The Isles are completely capped out after signing him and won’t be able to carry a full 23-player roster. As it stands, they don’t have room to utilize international free agent signing Maxim Tsyplakov in the NHL as hoped without also placing someone like Hudson Fasching, Simon Holmström or Kyle MacLean on waivers. Trading or waiving Wahlstrom would give them the cap space required to do so, although it still wouldn’t be enough to open up cap space for a 23rd player on the roster.

Wahlstrom, 24, has 34 goals and 67 points in 193 NHL games since making his debut five seasons ago. If he ends up elsewhere in the next few months, the acquiring team would still have control over his signing rights next summer as an arbitration-eligible RFA.

Islanders, Oliver Wahlstrom Avoid Arbitration

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The Islanders have avoided an arbitration hearing with winger Oliver Wahlstrom, reports Sportsnet’s Elliotte Friedman. They’ve settled on a one-year deal worth $1MM. The deal was made official shortly after Friedman’s report.

Wahlstrom, 24, is coming off a difficult pair of seasons in which injuries have cost him more than half of each campaign. The 2018 11th-overall pick played just 32 games in 2023-24 and was rendered completely ineffective offensively, managing just two goals and four assists for six points. His 11:04 average time on ice was his lowest since his first taste of NHL action back in 2019-20 when he received a nine-game trial.

As PuckPedia points out, the Islanders now have no room for error financially. They have exactly $0 in cap space with a roster size of 22. As things stand, they won’t have the flexibility to have top international free agent signing Maxim Tsyplakov start the season in the NHL without a cost-shedding move.

Wahlstrom now enters the ultimate prove-it season. Set to be an arbitration-eligible RFA again next summer, he risks being non-tendered and reaching UFA status early should he fail to establish himself as a player capable of shouldering top-nine NHL minutes.

It’s been a much more difficult development path than anyone anticipated for Wahlstrom, who was widely regarded as a top-10 talent in his draft year after erupting for 48 goals, 46 assists and 94 points in 62 games for the U.S. National U18 Team. The right-winger has size to go with his skill at 6’2″ and 205 lbs, but he’s never been able to put it all together since turning pro. His lone fully healthy season came in 2021-22 when he was still a bottom-six depth piece at best, with 13 goals and 24 points in 73 games.

Wahlstrom’s career possession impacts have been average, and he struggled to control play in more defensively-inclined usage this season. The Isles’ cap crunch does give him a golden opportunity to fight for top-six minutes coming out of training camp, though, potentially in a second-line role alongside Brock Nelson and Kyle Palmieri if they can’t afford to roster Tsyplakov. A strong start will be key for Wahlstrom in securing his NHL future, whether it comes on Long Island or elsewhere.

His arbitration hearing was slated for August 1.

14 Players Elect For Salary Arbitration

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Per Sportsnet’s Elliotte Friedman and originally produced by the National Hockey Leaguer Players’ Association, 14 players have elected for salary arbitration this summer. The deadline for team-elected arbitration is tomorrow. Friedman also notes the arbitration hearings will happen between July 20th and August 4th. To add context, not every one of these players will appear for a hearing with their respective teams as they may continue to negotiate on a new contract. However, each player who elects for salary arbitration is now prohibited from negotiating with other teams or signing an offer sheet. Here is a list of the players that have elected for arbitration:

F Beck Malenstyn (Buffalo Sabres)
G Ukko-Pekka Luukkonen (Buffalo Sabres)
F Martin Necas (Carolina Hurricanes)
F Jack Drury (Carolina Hurricanes)
D Jake Christiansen (Columbus Blue Jackets)
G Jet Greaves (Columbus Blue Jackets)
F Kirill Marchenko (Columbus Blue Jackets)
F Joe Veleno (Detroit Red Wings)
D Spencer Stastney (Nashville Predators)
F Oliver Wahlstrom (New York Islanders)
D Ryan Lindgren (New York Rangers)
D Ty Emberson (San Jose Sharks)
D J.J. Moser (Tampa Bay Lightning)
F Connor Dewar (Toronto Maple Leafs)

Metro Notes: Islanders, Dillon, Malenstyn, Smith

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Speaking with the General Manager of the New York Islanders Lou Lamoriello, Andrew Gross of Newsday reports that veteran forwards Cal Clutterbuck and Matt Martin are expected to hit unrestricted free agency on Monday. Each player has spent more than a decade with the Islanders’ organization but the team appears headed for a different direction this summer.

Additionally, on the restricted free agent front, Gross relays that New York is prepared to qualify Oliver Wahlstrom but will also look to trade him this summer. As the 11th overall pick of the 2018 NHL Draft, Wahlstrom may still hold some value as a change-of-scenery candidate; however, the prospects of that don’t look promising after numerous disappointing seasons with the Islanders. Over five years at the professional level, Wahlstrom has suited up in 193 games for New York but has only mustered 34 goals and 67 points over that stretch.

Even if Clutterbuck and Martin make it to the free agent market on July 1st, there isn’t a guarantee that either will leave the Islanders organization. Lamoriello has a habit of keeping his contract negotiations very close to the vest throughout his career and may wait to see how things play out after the first day. However, if New York does not retain either player, they are almost guaranteed a fourth-line role wherever they end up.

Other Metro notes:

  • With the New Jersey Devils already expected to make a hard run at free-agent defenseman Brett Pesce over the next couple of days, there is another defenseman that the team will be monitoring. Regardless of the team’s negotiations with Pesce, Frank Seravalli of Daily Faceoff reports the team is also prepared to extend an offer to Brenden Dillon. By moving out defenseman John Marino earlier today in a trade with the Utah Hockey Club, the Devils will have the roster spots and cap flexibility to bring both defensemen into the organization.
  • Sammi Silber of The Hockey News reports that the Washington Capitals previously had zero intentions of moving forward Beck Malenstyn this summer but the Buffalo Sabres gave them an offer they couldn’t refuse. After scoring six goals and 21 points in 81 games for the Capitals this season in a middle-six role, the organization moved Malenstyn for the 43rd overall pick of the 2024 NHL Draft. Washington used the pick to select defenseman Cole Hutson out of the US National Team Development Program after scoring 15 goals and 51 points in 51 games.
  • Back in New Jersey, the Devils will open up an additional spot on defense in the next few days as the organization is not expected to extend a contract offer to defenseman Brendan Smith (X Link). Smith has spent the last two years in the Garden State and recently concluded one of the more productive seasons of his career as he scored five goals and 15 points in 63 games while averaging 16:06 of ice time per night.

Metropolitan Notes: Fox, Pesce, DeAngelo, Wahlstrom

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Rangers defenseman Adam Fox, who had missed practice recently for maintenance, skated today and indicated to reporters including USA Today’s Vince Z. Mercogliano (Twitter link) that he will be good to go for tomorrow’s series opener against Carolina.  The 26-year-old was a point-per-game player for the first time this season, collecting 17 goals and 56 assists in 72 games while logging a team-best 23:27 per game.  In the first round against Washington, Fox picked up a pair of helpers while averaging a little under 22 minutes a night which still led all New York defenders.

More from the Metropolitan:

  • While the Hurricanes are hopeful that defenseman Brett Pesce (lower body) will return at some point in the second round, it won’t be at the beginning of the series. Team reporter Walt Ruff relays (Twitter link) that the 29-year-old won’t be accompanying the team to New York and has been ruled out of the first two games of the series.  However, Tony DeAngelo, who took a slash to the arm in Carolina’s last game, has been cleared to play and should continue to suit up in Pesce’s absence.
  • Islanders winger Oliver Wahlstrom was non-committal about the prospect of returning next season, notes Ethan Sears of the New York Post. It was a rough year for the 23-year-old who struggled out of the gate as he worked his way back from offseason knee surgery.  Once he did get up to speed, he struggled, finding himself a frequent healthy scratch down the stretch; he didn’t play at all during the playoffs.  The end result saw Wahlstrom collect just two goals and four assists in 32 games.  A pending restricted free agent owed a $917.8K qualifying offer next month with arbitration rights, a change of scenery might be best for him but his trade value will be at a low point coming off the year he just had.

Metropolitan Notes: Penguins, Sanheim, Svechnikov, Wahlstrom

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The Pittsburgh Penguins tweeted today that forwards Rickard Rakell, Noel Acciari, as well as defenseman Chad Ruhwedel will all be game-time decisions when the Pittsburgh Penguins take on the Minnesota Wild this evening. The news was announced by Pittsburgh head coach Mike Sullivan who has been trying to manage a litany of injuries up and down the Penguins lineup.

Pittsburgh has been mired in a cycle of inconsistent and sloppy play that has been a constant throughout the first third of the NHL season. They are currently sitting in seventh place in the Metropolitan division and are five points out of a wild card position.

The Penguins put forward Bryan Rust on IR just a few days ago, which left them with two big holes in their top 6, however, with the potential return of Rakell it seems likely that he will have an opportunity to fill one of those holes. Rakell has been practicing on a line with Sidney Crosby and Jake Guentzel and given his history with the duo it seems likely he return to that spot either tonight or later this week.

Acciari had been centering the Penguins’ fourth line before his injury and seems likely to take up that spot if and when he does return, while Ruhwedel will likely get a look on the Penguins’ third defensive pairing, presumably with youngster John Ludvig who has emerged on the backend for Pittsburgh in recent weeks.

In other Metropolitan Division notes:

  • Kevin Kurz of The Athletic is reporting that Philadelphia Flyers defenseman Travis Sanheim was back at practice today and should be good for tomorrow night’s game against the New Jersey Devils. Sanheim was dealing with an undisclosed illness and missed Saturday’s game against the Detroit Red Wings. The 27-year-old had been heating up before getting sick as he had posted two goals and three assists in his previous five games. Sanheim has been a huge part of the Flyers’ surprising start to the season as his 21 points in 29 games has him second in team scoring behind Travis Konecny.
  • Carolina Hurricanes reporter Walt Ruff is reporting that Hurricanes forward Andrei Svechnikov was a full participant in today’s practice and even was seen taking power play reps with the team. Ruff goes on to add that the 23-year-old could be back in the lineup as soon as tomorrow night against the Vegas Golden Knights. Svechnikov has missed the last six games with an upper-body injury and struggled the week prior to getting hurt. On the season, the former second-overall pick has just a single goal in 16 games, although he does have 10 assists as well. Carolina has underperformed so far this season but currently sits in the first wild-card spot in the Eastern Conference. Getting Svechnikov healthy and productive once again could be a big boost for Carolina as they close in on the mid-way point of the season.
  • Stefen Rosner of The Hockey News is reporting that New York Islanders forward Oliver Wahlstrom missed practice today with an illness. The 23-year-old was unlikely to play in tomorrow night’s game even if healthy as he has been a healthy scratch for the Islanders in seven straight games. Wahlstrom has just two goals and three assists in 17 games this season and has been averaging less than 12 minutes of ice time a game when he has been in the lineup.

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