Free Agent Focus: New York Islanders

Free agency is now under a month away, and teams are looking ahead to when it opens. There will be several impact players set to hit the open market in July, while many teams also have key restricted free agents to re-sign. We continue our look around the NHL with an overview of the free agent situation for the Islanders.

Key Restricted Free Agents

D Noah Dobson – Dobson’s second trip through restricted free agency should be interesting. After scoring 10 goals and 70 points in 79 games during the 2023-24 season, Dobson could only muster 10 goals and 39 points in 71 games this past season, being severely limited by injuries. Dobson’s name had popped up in a few trade rumors during the regular season, and those were exacerbated when he changed his representation in mid-February. Given the new regime change in the Islanders’ front office, it’s hard to speculate if they’ll give Dobson a short-term deal, lock him up long-term as the team’s top defenseman, or gauge his value on the trade market.

F Simon Holmström – Holmström continues to grow as a quality scorer for the Islanders. He increased his pace this past season, going from 15 goals and 25 points in 2023-24 to 20 goals and 45 points in 2024-25. Those numbers were good for fourth on the team in scoring, and the Islanders hope that Holmström can continue his upward trajectory and get into the 25 to 30-goal range in 2025-26. Depending on the new front office’s aggression this offseason, Holmström could be a sneaky winger to retain on a long-term contract for a lower price point than many of his peers on Long Island.

D Alexander Romanov – Assuming the Islanders re-sign Dobson for next season, they’ll already have six defensemen on the active roster without Romanov. Like Dobson, Romanov’s 2024-25 campaign was limited by injuries, managing fewer than 70 games for the first time since his rookie campaign. He maintained a quality scoring pace, but his defensive metrics declined significantly this past season, which could make Romanov a trade piece this summer. The Islanders shouldn’t expect to get a top-15 selection in return (like they gave up to acquire him), but it could provide them an avenue to re-stock the prospect cupboard.

Other RFAs: F Maxim Tsyplakov, F Marc Gatcomb, D Scott Perunovich, F Liam Foudy, F Ruslan Iskhakov, F Adam Beckman, D Samuel Bolduc, D Travis Mitchell, D Aidan Fulp

Key Unrestricted Free Agents

D Tony DeAngelo – Unlike the situation regarding their restricted free agents, the Islanders don’t have much to worry about regarding their pending unrestricted free agents. DeAngelo is the only one of note after he was brought in mid-season to help the Islanders defensive core recover from a slew of injuries. The offensive-minded defenseman stayed true to form for the Islanders, posting four goals and 19 points in 35 games, eating more than 23 minutes of ice time per game, and posting some of the worst defensive metrics on the team. Given his apparent shortcomings in the defensive zone, it’s unlikely the Islanders pursue an extended relationship with DeAngelo.

Other UFAs: F Hudson Fasching, F Matt Martin, D Mike Reilly, F Julien Gauthier, F Fredrik Karlström, F Tyce Thompson, D Grant Hutton, G Jakub Skarek

Projected Cap Space

Unfortunately, the Islanders will only have approximately $21MM to spend this offseason, which should get used to retain their crop of restricted free agents. It would behoove Mathieu Darche and his new administration to trade Jean-Gabriel Pageau and his $5MM salary this summer, opening up more financial flexibility for other additions. The Islanders have the benefit of making the first-overall pick of the 2025 NHL Draft, so they’ll get a top player regardless, but this team has more holes to fill than one player can fix.

Contract information courtesy of PuckPedia.

Photo courtesy of Wendell Cruz-Imagn Images.