Schultz is 31 years old and has played 871 NHL games with the Minnesota Wild and Oilers. He is scheduled to be an unrestricted free agent after the season.
Hemsky scored two goals and was named the game's first star Tuesday in a 3-2 win against the Senators.
Hemsky, 30, has spent all 11 seasons in the NHL with the Oilers. He has been the target of trade rumors for the past few years. He was selected in the first round (No. 13) of the 2001 NHL Draft by Edmonton.
The New York Rangers have landed one of the best players available on NHL Trade Deadline day, acquiring captain Martin St. Louis from the Tampa Bay Lightning for their captain, Ryan Callahan, a first-round pick and a conditional second-round choice.
The first-round pick is in the 2015 NHL Draft and the conditional second-round selection is in 2014. The second-round pick becomes a first-rounder if the Rangers reach the Eastern Conference Final this season. Also, if Callahan signs a new contract with the Lightning, the Rangers would receive Tampa Bay's second-round pick in 2015 in exchange for New York's seventh-round choice in 2015.
St. Louis, the 2004 Hart Trophy winner and 2013 Art Ross Trophy winner, is currently tied for eighth in the League with 61 points (29 goals). The 38-year-old forward has 973 points in 1,041 career games, and four 90-point seasons on his resume.
The Islanders confirmed that Vanek, who is expected to be traded before the NHL Trade Deadline at 3 p.m. ET on Wednesday, won't dress. He scored two goals on Sunday in a 5-3 loss to the Florida Panthers.
Mucha is doing his second tour of duty with an NHL team this season; he filled in for the Boston Bruins during their practice in Edmonton..
MacDonald, 27, has four goals and 24 points in 63 games this season. He's played in 295 games during parts of six seasons with the Islanders, scoring 17 goals and 89 points.
Rundblad, 23, was the 17th player taken in the 2009 draft, by the St. Louis Blues. He made his NHL debut with the Ottawa Senators in 2011-12, playing 24 games before being traded to the Coyotes for forward Kyle Turris. Rundblad has one goal and nine points in 50 games over parts of three seasons for the Senators and Coyotes, including one assist in 12 games this season.
"I thought my contract was immovable," Luongo said on TSN radio from Phoenix where the Canucks are scheduled to play the Phoenix Coyotees. "I would never have thought I would be traded before the deadline."
The terms of the trade have not been officially announced by either team.
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