The Islanders announced they signed pending UFA winger Kyle Palmieri and RFA defenseman Adam Boqvist to two-year and one-year contract extensions, respectively. Boqvist’s deal carries a cap hit of $850K, Elliotte Friedman of Sportsnet reports. Palmieri’s is worth $4.75MM per season for a total value of $9.5MM, Friedman adds. His deal also includes a full no-trade clause in 2025-26 and a 16-team no-trade list in 2026-27, according to PuckPedia.
The two signings are the first of general manager Mathieu Darche’s tenure after they made his hiring official one week ago, succeeding Lou Lamoriello. Lamoriello had held extension talks with both players before the Islanders announced he’d been let go. They hit pause while the organization conducted its GM search, but it appears they were high on Darche’s list to get across the finish line in his first several days on the job.
Palmieri, 34, has spent parts of five seasons on Long Island and will look to extend that number to seven with this new deal. Initially acquired from the Devils at the 2021 trade deadline, he spent about a month testing free agency the following summer before returning to New York on a four-year, $20MM contract.
It was an eye-raising commitment at the time, especially for a player who finished the regular season with just four points in 17 games after his acquisition. It largely worked out in the end, though. Palmieri returned to his ways as a consistent 20-goal winger, putting himself on pace for the mark in his last three seasons with the Isles. He hasn’t missed a game since the 2022-23 campaign and even tied his career-high 30 goals one year ago. He followed that up with a 24-goal, 48-point showing this season, placing him third on the Islanders in scoring and 14th among pending unrestricted free agents.
That makes his price tag a smart one for his relatively projectable goal-scoring touch, although the Islanders would presumably like to decrease his deployment from the 18:31 per game he hit last season, a career high. While a known commodity offensively, he’s never been particularly adept away from the puck, and those concerns perhaps overshadowed his decent production in 2024-25. His -17 rating was a team-low and a career-low. The Islanders also allowed 30.24 shots per 60 minutes with Palmieri on the ice at 5-on-5, the worst figure of any New York skater with at least 200 minutes played, per Natural Stat Trick.
Palmieri should still be able to hover around the 20-goal mark in slightly decreased usage to limit his defensive drawbacks, particularly if Darche’s roster retooling gives him a two-way, playmaking center to partner with lower in the lineup. The new deal is a slight pay cut from his previous $5MM cap hit, a notable factor in the Islanders’ ability to spend this offseason amid the largest year-to-year salary cap jump in history.
As for Boqvist, he lands some stability after a tumultuous 2024-25 campaign. The 2018 eighth overall pick’s offseason began on a sour note when he was bought out by the Blue Jackets with one year remaining on a three-year, $7.8MM contract. He landed with the Panthers on a league-minimum contract to play with his brother, Jesper Boqvist, but managed only 18 appearances in the first four months of the campaign before ending up on waivers.
The Islanders, in need of puck-movers on the back end with injuries to Noah Dobson and Ryan Pulock, took a flyer on the 24-year-old Swede. He was a serviceable depth piece down the stretch, even rotating into the lineup at center at times, recording eight points and a minus-five rating in 17 games. The 6’0″ righty averaged 15:22 per game after the claim.
It remains to be seen whether Boqvist is in the opening night lineup next fall, but he’s likely done enough to at least earn a roster spot and stick around as a healthy extra if the Isles need more scoring punch on the power play. Like Palmieri, Boqvist’s defensive game has been his biggest wart at the NHL level. He’s never been particularly physical, and his play style doesn’t warrant being a good shot suppressor through pure puck possession, but he did have some decent 5-on-5 defense numbers in New York. His 25.99 shots against per 60 minutes ranked ninth on the club out of 26 skaters to play at least 200 minutes, and his 2.40 expected goals against per 60 ranked 10th.
Boqvist will be an arbitration-eligible restricted free agent next summer. The Islanders still have nearly $21MM in cap space after today’s extensions, per PuckPedia.
Photo courtesy of Charles LeClaire-Imagn Images.