The New York Islanders had one of the biggest signings on July 1, and he wasn't even a free agent.

Franchise goalie Ilya Sorokin has agreed to a new eight-year contract extension that starts in the 2024-25 season. It carries an average annual value of $8.25 million against the salary cap. Sorokin is entering the last year of his contract with a $4 million AAV. His new deal carries full no-movement clause for the first four seasons before becoming a modified no-trade clause.