New York Islanders News

The Rangers have placed Anthony DeAngelo on unconditional waivers for purpose of buying out his contract.

DeAngelo's future with the Rangers ended after a reported physical altercation with Alexandar Georgiev in January. He was officially bought out on Saturday and will save the Rangers $4.4M in 2021-22 but cost them $883K in 2022-23.

Tony DeAngelo
The Islanders have acquired Richard Panik and the No.52 overall pick in the 2021 NHL Draft from the Red Wings for Nick Leddy.

Panik was dealt to Detroit as a part of the Anthony Mantha trade at least year's deadline and had one goal and three assists in 12 games with the Red Wings. Panik has two years remaining at $2.75M AAV but the Red Wings are eating 50 percent of the deal, so the Islanders have Panik at $1.375M AAV and gain $4.125M in cap space in this deal.

Richard Panik
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