With the NHL Draft coming up on June 27 and free agency opening on July 1, discussions between NHL general managers are heating up towards a busy off-season. Philipp Grubauer Jersey . Each day, TSN.ca provides the latest rumours, reports and speculation from around the NHL beat. Fifth Business Despite not having a first-rounder in 2015 after dealing the pick for Thomas Vanek, New York Islanders GM Garth Snow is not guarding his 2014 first-rounder too closely. The Islanders - who hold the fifth overall pick in Fridays Draft - are apparently open for business on the pick, according to Newsdays Arthur Staple. "Were open to trading the pick for someone we think can come in and help us right away," Staple quoted Snow as saying. So whats the cost of doing business? Staple speculates that the Islanders largest need is either a top-pair defenseman or a top-line left winger to complement John Tavares and Kyle Okposo. Blues Festival The St. Louis Blues could be on many teams watch list for potential free agents targets. With the team locking up Jay Bouwmeester and Alexander Steen prior to free agency, the team could be posied to flood the market with veteran talent on July 1, according to Jeremy Rutherford of the St. Louis Post-Dispatch. Rutherford reports that the likes of Steve Ott, Brenden Morrow, Derek Roy, and Ryan Miller likely will not be signed prior to Canada Day to give Blues GM Doug Armstrong flexibility at this coming Friday. "I want to make sure we have the ability to make player acquisitions at the Draft," Armstrong told Rutherford. Dogs Day The soon-to-be-Arizona Coyotes have some cash to play with as July 1 approaches. However, as AZCentral Sports Sarah McLellan points out, they might be wise not to spend it all at once. While the likes of Marian Gaborik, Ales Hemsky, Jussi Jokinen or Mike Cammalleri could be had, McLellan believes the Yotes should think smaller and deeper. 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Ted Ligety, Mikaela Shiffrin, Bode Miller and Tim Jitloff underlined the squads enormous potential on the Rettenbach glacier in Austria.SACRAMENTO, Calif. -- Jimmermania began in Sacramento with hundreds of fans gathered at the airport to cheer the arrival of a player most had only watched on television or read about during the NCAA tournament. Its headed for a much quieter conclusion. As the Kings and guard Jimmer Fredette worked toward reaching a buyout of his contract, the former BYU sensation was not in attendance for Tuesday nights 129-103 loss to the Houston Rockets. Kings coach Michael Malone said the team advised Fredette to stay home until a resolution is reached. Malone said he wished Fredette well and believes the third-year guard can carve out an NBA career somewhere -- just not in Sacramento. "For whatever reason, Jimmer was never able to find success, whether they were unrealistic expectations from his college career or whatever it was," Malone said. "But he just wasnt able to play to the level that everybody wanted him to play, which is somewhat maybe unrealistic. Maybe we have to temper our expectations for Jimmer and let him just become a solid NBA player. And theres nothing wrong with that." Fredette, who turned 25 years old Tuesday, is making about $2.4 million this season. He will be a free agent if -- and most likely when -- he clears waivers. Kings general manager Pete DAlessandro told reporters at the teams morning shootaround that he was approached by Fredettes representatives about a buyout. He said Fredette no longer fits into the teams plans but Kings owner Vivek Ranadive "loves Jimmer and wants to do the right thing by Jimmer. Were just talking about things at this point. Theres nothing done at this point." A person with knowledge of the discussions, who spoke to The Associated Press on condition of anonymity because negotiations were ongoing, said the sides hoped to finalize an agreement by the end of the week. Yahoo Sports first reported the buyout talks. Fredettes locker at the arena also was cleared out. Fredette was drafted 10th overall in 2011 after dazzling at BYU, where he won The Associated Press player of the year award his senior season. Fredette never lived up to the fanfare in Sacramento, though the franchises instability -- playing for three different coaches, two different ownership groups and constant relocation chatter -- didnt help his cause. Fredette is averaging 5. Tyson Jost Jersey. 9 points and 11.3 minutes this season, shooting 47.5 per cent from the floor and 49.3 per cent from 3-point range. For his career, hes averaging seven points, 1.5 assists and 1.1 rebounds while shooting 41.6 per cent overall, including 40 per cent from beyond the arc. But the same concerns some scouts had about Fredette when he entered the league -- his defence, ball-handling skills and ability to score off the ball against bigger and more athletic defenders -- persist. "Every time he shot it, I thought the ball was going in. I will say that," Malone said. Fredettes time in Californias capital city has been nearing an end since the Kings decided not to pick up a team option before this season on his contract for the 2014-15 season. Sacramento also tried to move Fredette before last weeks trade deadline but couldnt get any suitable deals. Since Sacramento traded Marcus Thornton to Brooklyn for Jason Terry and Reggie Evans last week, Malone promised to use the remainder of the season to give rookie guards Ben McLemore and Ray McCallum more playing time. That move buried Fredette even further on the bench. Fredette led the nation in scoring at 28.5 points per game and guided BYU to the round of 16 in the NCAA tournament as a senior. Big performances in big games had NBA stars tweeting his name, President Barack Obama mentioning him while filling out his bracket and college basketball fans in a frenzy. The Kings acquired him in a draft-day trade with Milwaukee as the 10th overall pick. Fans have remained incredibly vocal about Fredette, often screaming at games for him to play more -- and cheering louder for him than other reserves when he finally enters. . Paul Westphal was the only one of Fredettes three coaches committed to giving him extended minutes. Even that didnt last long. Westphal was fired after a 2-5 start in Fredettes rookie season. Keith Smart and Malone both opted to go away from Fredette in favour of other guards, most notably Isaiah Thomas, who has outplayed Fredette since their rookie season. "Jimmer knows how to play, hes a worker, hes a great kid," Malone said. "And I just hope that he goes to a team that allows him to play and put him in a position to have success and maybe he can catch on with somebody." 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