Report: Vanek rejects ‘substantial’ offer from Isles, likely to be dealt

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Some big news out of Long Island, from Newsday’s Arthur Staple:

The report comes after Vanek said he’d be open to the idea of sticking with the Isles, be it through a new deal or returning after a potential deadline trade. The Austrian forward is set to become a free agent in July and, last week, said he’d think about coming back to New York.

From Newsday:

“I know Garth gave up a lot to get me here, so if they feel they need to get something back (by the deadline), I understand,” Vanek told Newsday. “He’s been great, the team has been great. No one has put any pressure on me.”

There haven’t been any substantive contract talks between the two sides, which just adds to the limbo of the situation. But even though Vanek hasn’t indicated via his agent or directly to Snow whether he’d be willing to sign before July 1, saying that the Islanders “would definitely be on my list” when free agency begins could be seen as a sign he’s not crossing them off to force a trade.

“Even if they traded me, sure,” Vanek said. “I like it here, it’s a good group of guys. This would be a place I’d consider if it gets to July 1.”

Vanek’s in the final year of a seven-year, $50 million deal, so one can only imagine what New York’s “substantial” offer looked like. If Vanek did indeed turn it down, it gives a good gauge of his desire to hit the open market this summer, where he’ll be one of the most sought-after free agents available — in a year where the cap is expected to rise to $71 million.

As for the immediate future, expect Vanek to be in heavy (or, heavier) demand as Mar. 5 draws near.