The New Jersey Devils have traded forwards Kyle Palmieri and Travis Zajac to the New York Islanders in exchange for a first round pick for the 2021 NHL Entry Draft, a conditional fourth round pick for the 2022 NHL Entry Draft, and forwards A.J. Greer and Mason Jobst.
The Devils are on the hook for 50 percent of Zajac and Palmieri’s salaries.
Reportedly, Zajac waived his no-trade clause to agree to the deal.
For the Islanders, this deal shows just how all-in they are when it comes to the post-season.
For the Devils, it shows the value of a first round draft pick. They had to give up an awful lot to make it happen.
30-year-old Palmieri has 17 points in 34 games this season, including eight goals and nine assists. Drafted by the Anaheim Ducks in the first round of the 2009 NHL Entry Draft, Palmieri has 355 points in 595 regular season games for the Ducks and Devils.
In 38 playoff games, the Smithtown native has 15 points. All but five of his post-season appearances came with the Ducks.
Palmieri is in the final year of his contract and is set to become an unrestricted free agent after this season.
Zajac has 18 points in 33 games this season, including seven goals and 11 assists. The 35-year-old was drafted by the Devils in the first round of the 2004 NHL Entry Draft and amassed 550 points in 1,024 career regular season games in New Jersey.
In 57 playoff games, Zajac has 28 points – including 11 goals and 17 assists.
Like Palmieri, Zajac is in the final year of his contract. It carries a cap hit of $2.875 million.
For the Devils, this deal is almost entirely about that first round draft pick.
Greer was drafted by the Colorado Avalanche in the second round of the 2015 NHL Entry Draft. He has 37 games of NHL experience and amassed a total of six points, averaging 7:47 of ice time. The 24-year-old was traded to the Devils in October of 2020 in exchange for Kyle Burroughs.
27-year-old Jobst has yet to see any NHL action and has five goals and 10 assists in 50 career AHL games.