The Islanders traded forward Mikhail Grabovski, defenseman Jake Bischoff, a 2017 first-round pick and a 2019 second-round pick to have the Las Vegas Golden Knights select goaltender J-F Berube.
Grabovski, who had 44 points in his first two seasons in New York, has not suited up in a game for the Islanders since March 2016 after he suffered a concussion. He is set to become an unrestricted free agent after this season.
Bischoff, a seventh-round pick in 2012, had three points in six games with the AHL's Sound Tigers last season after finishing his time at the University of Minnesota.
The Islanders only put three forwards -- John Tavares, Anders Lee and Andrew Ladd -- on the protected list, as Jason Chimera, Casey Cizikas and Cal Clutterbuck were among the 25 players they made available.
Andy Graziano, SNY.TV Twitter
People can dismiss Garth Snow for some things he has done -- or not done -- in the past, and rightfully so. This past season, roster mismanagement and not adequately replacing Frans Nielsen showed itself front and center in the team missing the postseason. But Wednesday night was a clear and unanimous win for the Islanders' general manager.
Sending Grabovski, still not cleared to resume playing, and his $5-million dollar cap hit to Vegas, along with the 15th overall selection in the 2017 draft (a shallow one at that), a 2019 second-round selection which right now is valued at nothing, and defenseman Bischoff, -- lost in the deepness of the Islanders blue line -- to not select any of the unprotected forwards is huge.
New York now keeps all its valued assets that they wish to have back in 2017-18, and those who he can use in trades Thursday and Friday during the first day of the NHL entry draft in Chicago.
Talks are hot and heavy with just about every available top six forward, including Matt Duchene, Alex Galchenyuk and Jordan Eberle, and there have even been some whispers that James Van Riemsdyk and James Neal are in that group as well.
So, Snow wins the night but not the battle just yet. Time to get back on the phone when the trade freeze lifts Thursday at 8 a.m. and do what needs to be done. It should be an interesting and wild couple of days, which for this franchise is really nothing new, right?