ESPNNewYork.com says the deal is for two years and $2.1 million.
Bailey, the ninth pick in the draft three years ago, had 11 goals and 28 points in 70 games with the Islanders last season, his third in the NHL, and has 34 goals and 88 points in 211 NHL games. He also played 11 games with the Isles’ AHL affiliate in Bridgeport last season, piling up 17 points.
With training camp opening Friday morning with player physicals, Bailey, a restricted free agent who declined to sign his qualifying offer earlier this summer, faced a tough ultimatum. Per Islanders team policy, any player unsigned by the start of camp will not be signed -- and the team retains his rights.
It’s a strategy the Islanders have used before, with Sean Bergenheim in 2006. Bergenheim was unwilling to accept what the Islanders were offering him; the Islanders refused to budge and he was forced to play the 2006-07 season in Europe before rejoining the team the following season.
The Islanders signed Tavares, the top pick in the 2009 draft, to a six-year, $33 million deal that will keep him on Long Island through 2017-18.