New York Islanders: Will The New Owners Spend?

The question that is on the mind of all New York Islanders fans; will the new ownership be more willing to spend money?

This week Jon Ledecky and Scott Malkin took over as the majority owners of the New York Islanders. This is something that we knew was going to happen since August of 2014 when the new ownership was announced.

Ledecky was a co-owner of the Washington Capitals so he brings experience with owning an NHL franchise. Malkin has never owned a sports team but he is no stranger to running a business.

In years gone by it was very clear that the Islanders were apprehensive to spend big money, so will this new ownership do the same or will they be willing to spend?

Both Ledecky and Malkin realize how hungry this fanbase is for a winner. It was such a relief to see this team finally get to the second round after twenty-three long years, but now it’s time for the team to take the next step.

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This is a team with talent, they are just a few moves away from being a contender in the Eastern Conference. I believe that Ledecky and Malkin realize this and I think that they will want to win over the fanbase and start off on the right foot.

So to answer the question; I do think that the new owners will be looking to spend.

Obviously, the huge splash would be getting Steven Stamkos in the blue and orange. This may be the long shot in free agency, but I do expect the Islanders to be actively pursuing free agents.

We saw the Islanders lock up Casey Cizikas to a five-year $16.75 contract extension. Some may look at this as a lot of money to spend on a fourth liner. I for one, was happy with the extension due to Cizikas having a major role on this team.

Next: Cizikas Signs 5-Year Deal

Maybe instead of looking at it as though the Islanders might have overspent on a guy who put up 29 points this year. Look at it as a sign that the Islanders are actually going to spend some money and this is only the first of many contracts to come.