While the Islanders made a move. They traded for the rights to Christain Ehrhoff's contract. Ehrhoff is fresh off of a run to the Stanley Cup Finals with the Vancouver Canucks and the 28 year old Defenseman will be an UFA on the First of July. The Isles received these rights after giving up their fourth round pick in the 2012 draft to the Nucks.
This gamble is just that for the Isles. All this means is that they have a few days more than any other team to work out a contract with Ehrhoff. If Ehrhoff has no interest in playing for the Isles (and no one would blame him if he didn't) on July 1 he is free to discuss contracts with any of the other 29 NHL teams.
It is impossible to say whether or not Ehrhoff will end up and Islander, and if he does sign in Long Island, this trade will be seen as genius. However, this trade could quickly backfire and the Isles could see a draft pick go out the window if Ehrhoff declines to join the Islanders.
This leads us to the big questions: Was this the right move by Garth Snow? Was this risk worth the possible reward? Are the Isles finally going to acquire a big name FA or will they once again have a quiet off season?