Lamoriello won't return; Lambert in limbo
Ownership and Lamoriello can't agree to terms on a new contract, and the GM graciously steps aside, thanking ownership for the opportunity to lead the Islanders. In a statement, Lamoriello thanks the players and coaches that he had the pleasure to associate with over the last five seasons for their professionalism, dedication, and commitment.
Another version of this is that Lamoriello could relinquish his General Manager title but remain the team's President of Hockey Operations. In such a scenario, Lamoriello would be tasked with hiring or promoting his replacement as General Manager.
Ledecky and Malkin are undecided on Lambert and determine that the new General Manager best decides his fate. After the team names a new GM, Lambert is afforded the opportunity to interview in order to maintain his job. Ultimately, it won't be enough as the new GM has a vision of his own, one that did not include Lane Lambert behind the Islanders bench.