12:53 p.m. — It looks like the cost to bring Pageau aboard isn’t just for a rental, however, as the Islanders announced they have signed him to a six-year extension to remain with New York. Sportsnet’s Chris Johnston adds that the deal has a $5MM AAV.

9:46 a.m. — The New York Islanders announced they have completed a deal with the Ottawa Senators, as the team picked up center Jean-Gabriel Pageau.  In exchange for Pageau, the Islanders sent over a significant haul of draft picks as Ottawa receives a 2020 first-rounder, a 2020 second-rounder, and a third-rounder in 2022.  The first-round pick is top-three protected while the third-rounder will only be conveyed if the Islanders win the Stanley Cup this season.

The 27-year-old had been engaged in discussions regarding a contract extension in recent days but clearly, the two sides weren’t able to come to an agreement.  This means he’s likely to hit the open market as an unrestricted free agent unless New York can work out an agreement with him.

Pageau is having a career year offensively.  He already has 24 goals and 16 assists in 60 games; it’s the first time that he has reached the 20-goal mark in his career though that is aided by a 17.8 shooting percentage.  He has also seen his ice time jump to over 19 minutes per game, also a career-best.

He immediately becomes the top goal scorer on the Islanders (Brock Nelson checks in at 22 goals) and should play a key role for them as a second-line pivot.  The fact that he can be an effective penalty killer will certainly help a unit that is killing just over 80% of their penalties and his 53.2% success rate at the faceoff dot will be critical as well.  Nevertheless, it’s a steep price to pay for someone who has been more of a third liner for most of his career.

Meanwhile, the Senators add a third first-round pick to their arsenal for the upcoming draft (unless New York wins in the draft lottery) and currently have 14 picks at their disposal.  GM Pierre Dorion already has a deep prospect pool and with this many selections (including nine in the first three rounds), it’s about to get a lot stronger.

TSN’s Bob McKenzie was the first to report the trade.

Photo courtesy of USA Today Sports Images.

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