According to Arthur Staple of Newsday, it is a one-way deal worth $1.275 million.
McDonald, 28, has appeared in 24 games this season with the Islanders, scoring four goals and adding six assists, along with 25 penalty minutes. The 2003 second-round pick by Edmonton played two games with the Oilers in 2009-10 and five with Pittsburgh last season.
Obviously a lot happened in a short period of time. At the end of the day, considering everything I went through, I really felt close to my teammates and I really feel like what we accomplished, I know we didn't win it all. ... I'm really proud of how we got there and what we did once we got there.
— Rangers forward Martin St. Louis to Jim Cerny of BlueshirtsUnited.com