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New York Islanders: What Re-Signing Josh Bailey Means For The Team

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GLENDALE, AZ - JANUARY 22: Josh Bailey #12 of the New York Islanders during the first period of the NHL game against the Arizona Coyotes at Gila River Arena on January 22, 2018 in Glendale, Arizona. (Photo by Christian Petersen/Getty Images)
GLENDALE, AZ - JANUARY 22: Josh Bailey #12 of the New York Islanders during the first period of the NHL game against the Arizona Coyotes at Gila River Arena on January 22, 2018 in Glendale, Arizona. (Photo by Christian Petersen/Getty Images)
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Thursday afternoon, the New York Islanders were rumored to have extended All-Star winger Josh Bailey to a multi-year, $5 million contract. This could mean more for the team than simply a returning veteran.

With the trade deadline fast approaching, fans of all teams across the league have waited with baited breath for moves to be made. For the New York Islanders and Garth Snow, you never know what to expect but this afternoon, as broke by Bob McKenzie, the club and forward Josh Bailey are close to finalizing a deal to extend his contract.

Potentially re-signing for five to six years at an AAV of $5 million, Josh Bailey is very clearly taking the hometown discount.

With

118 points in his past 139 games

, the forward could have easily made $6-$7 million on the free agent market. Coming off his first All-Star appearance and with a noted elevation in performance, Bailey could have gone anywhere but is choosing to stay with the New York Islanders.

What The Extension Means For Tavares

If this deal is official, Josh Bailey’s return will be nothing but positive for the team. By taking a lower salary for security, Bailey provides them with more cap space breathing room and would act as a familiar face to another looming free agent, John Tavares.

One has to assume that Bailey’s re-signing is another piece in the Tavares puzzle. The captain has said multiple times that his intention is to stay with the team he’s known as home throughout his entire career. How better to do this than ensure that his longtime teammate and new, successful linemate will remain by his side for seasons to come?

Next: Are The Islanders Buys Or Sellers?

Bailey’s chemistry with Tavares and skill of his own are reasons enough to re-sign him. With this homegrown discount and connection to the captain as a bonus, there is practically no negative side of this deal.

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