The New York Islanders acquired forwards Kyle Palmieri and Travis Zajac from the New Jersey Devils in exchange for forwards A.J. Greer, Mason Jobst, a 2021 first-round pick, and a conditional 2022 fourth-round pick, the team announced.

New Jersey agreed to retain 50% of Zajac's and Palmieri's salary.

Palmieri has spent the past six seasons with the Devils...