Kyle Palmieri has signed a new two-year contract with the New York Islanders, as one of the better options among free agent scoring wingers is now off the market. Palmieri's contract carries a $4.75 million average annual value.

The Islanders announced on Friday that Palmieri, a pending unrestricted free agent, had agreed to a two-year extension while depth defenseman Adam Boqvist, a pending restricted free agent with arbitration rights, agreed to a one-year deal.

The new Islanders general manager announced his first two moves Friday, completing a pair of contract negotiations that Lamoriello had brought to the finish line before his ouster a month ago by signing Kyle Palmieri to a two-year extension and inking a one-year extension with Adam Boqvist.