The Islanders, facing a surplus of defensemen and salary cap constraints, need to free up space to extend Noah Dobson's contract. Dobson is expected to seek a significant raise, and the team is currently at the salary cap limit.
Romanov, who will become a free agent at the end of the next season, currently earns $2.5 million per year. Like Dobson, he will be a restricted free agent, allowing Islanders' general manager Lou Lamoriello the right to negotiate his terms.
With 44 points in 157 games over his first two seasons on Long Island and a plus-minus of +36, Romanov might demand a higher salary, complicating his future with the Islanders.