Andrew Ladd #16 of the New York Islanders skates in warm-ups prior to Game Two of the Eastern Conference Final against the Tampa Bay Lightning during the 2020 NHL Stanley Cup Playoffs at Rogers Place on September 09, 2020 in Edmonton, Alberta, Canada. (Photo by Bruce Bennett/Getty Images)
A busy Saturday for the Arizona Coyotes continued as the team announced its second trade of the day, acquiring Andrew Ladd and three draft picks from the New York Islanders.
The Coyotes acquire a second round pick in the 2021 NHL Draft, giving them three picks in the top 60.
They also pick up a 2022 second round pick and 2023 third round pick, without releasing any assets.
The Coyotes will add Ladd’s $5.5 million cap hit, providing relief for the Islanders to sign players long term who helped them reach the Stanley Cup Semifinals.
Ladd is a 35-year-old, 15-year veteran left winger who won a Stanley Cup with the Caraolina Hurricanes in 2004 and Chicago Blackhawks in 2010.
He did not play for the Islanders last season and only appeared in one game with the Bridgeport Sound Tigers of the AHL.
The trade gives Arizona some much needed draft capital after the Coyotes were forced to forfeit their first round pick in the 2021 draft due to violating the NHL’s combine testing policy.
Arizona was also forced to lose its second round pick in the 2020 draft.
The NHL is preparing for the 2021 NHL Expansion Draft on Wednesday.
NHL teams are required to submit their protected players lists by 5:00 p.m. ET on Saturday.