Engvall's lengthy contract with the Islanders is under scrutiny as he has not met the expectations that warranted a seven-year agreement. A buyout would alleviate the financial strain while allowing the organization to reevaluate their roster composition.

The New York Islanders are looking to revamp their front office with recent changes, including the appointment of Ryan Bowness.

Alexander Romanov's future is uncertain, with projections suggesting a one-year deal around $4.48 million. He may face competition for a roster spot if the Islanders draft Schaefer.

Noah Dobson is anticipated to secure a significant new contract with the Islanders, potentially up to eight years at $10 million AAV, reflecting his importance to the team's future, despite previous trade rumors.

The New York Islanders face a financially constrained offseason and are not expected to be aggressive in free agency, limiting their ability to sign key free agents.