The Islanders will select fifth in the 2014 NHL draft after the league's draft lottery was conducted Tuesday night -- unless general manager Garth Snow decides to send that pick to the Sabres to complete the Thomas Vanek trade.

The Florida Panthers, who had the second-best percentage to win the lottery, leapfrogged the Sabres to get the No. 1 pick in the June draft. The Isles stayed at No. 5 after finishing the season 34-37-11.

Snow has until June 1 to notify the Sabres whether the Islanders will surrender this year's pick or defer to 2015, which many amateur scouts believe is a much deeper draft with two potential franchise players in Canadian junior forward Connor McDavid and Massachusetts native Jack Eichel.