Karlstrom was placed on waivers by the Islanders on Sunday, Elliotte Friedman of Sportsnet reports.
Karlstrom signed a one-way deal with the Islanders over the summer but was unable to land a spot on the team's Opening Night roster. He's made just eight career appearances in the NHL and will likely spend most of this season in the AHL if he clears waivers.
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Islanders' Fredrik Karlstrom: Gets one-way deal from Isles
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Karlstrom signed a one-year, $775,000 contract with the Islanders on Tuesday, per PuckPedia.
Karlstrom spent last year with AHL Texas on a two-way deal, so it's a slight upgrade that he was able to find a one-way contract for 2024-25. Karlstrom has just one assist over eight career NHL appearances, but he put up 44 points in 72 AHL contests last season, so he may be able to provide some depth scoring if he makes the Islanders' roster out of training camp.
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Stars' Fredrik Karlstrom: Joins big club
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Karlstrom was recalled from AHL Texas on Saturday.
Karlstrom spent the entire 2023-24 campaign with Texas after playing in five games with Dallas during the 2022-23 campaign. He had 21 goals and 44 points in 72 appearances during the 2023-24 regular season. The 26-year-old forward was also productive in the postseason, picking up three goals and five assists in seven games.
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Stars' Fredrik Karlstrom: Hits waiver wire
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Karlstron was put on waivers Monday.
Karlstrom collected 10 goals and 26 points in 47 games with AHL Texas last season. In five outings for Dallas in 2022-23, he was credited with six shots on goal.
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Stars' Fredrik Karlstrom: Re-signs with Stars
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Karlstrom signed a one-year, two-way contract with Dallas on Tuesday.
Karlstrom notched 10 goals and 26 points in 47 games with AHL Texas last season. He also appeared in five regular-season contests with Dallas in 2022-23, posting six shots on goal.
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Stars' Fredrik Karlstrom: Returns to AHL Texas
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Karlstrom was reassigned to AHL Texas following Thursday's 5-2 win over the Blackhawks.
Karlstrom has bounced back and forth between the NHL and the AHL levels lately, though the Stars' acquisition of Max Domi may bring an end to that. Karlstrom has no points through five NHL contests this season.
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Stars' Fredrik Karlstrom: Back in NHL again
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Karlstrom was recalled from AHL Texas on Wednesday.
Karlstrom and Fredrik Olofsson continue to bounce back and forth between the NHL and AHL but may get to stick around for an extra day with the Stars entering a back-to-back versus Arizona and Chicago on Wednesday and Thursday, respectively.
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Stars' Fredrik Karlstrom: Down again Tuesday
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Karlstrom was once again reassigned to AHL Texas on Tuesday.
Karlstrom figures to continue bouncing back and forth between the NHL and AHL as part of paper transactions to help the Stars bank cap space. Fantasy players can probably safely assume Karlstrom, along with Frederik Olofsson, will be back in the NHL in time for Wednesday's clash with Arizona.
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Stars' Fredrik Karlstrom: Back with Dallas
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Karlstrom was called up from AHL Texas on Monday.
Karlstrom has two shots on goal and one hit in two appearances with Dallas this season. In the AHL, he has registered 10 goals and 13 assists in 43 contests.
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Stars' Fredrik Karlstrom: Sent to AHL affiliate
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Karlstrom was reassigned to AHL Texas on Tuesday.
Although he'll head to the minors for now, it wouldn't be surprising to see Karlstrom back with the big club ahead of Wednesday's game versus Chicago. He's gone scoreless through two NHL appearances this season.
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Stars' Fredrik Karlstrom: Back with Dallas
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Karlstrom was recalled from AHL Texas on Monday.
Karlstrom was briefly returned to the minors Sunday in a paper move by the Stars. He has recorded two shots on goal and one hit in two NHL appearances this season. Karlstrom is penciled in to play on the fourth line Wednesday versus Chicago.
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Stars' Fredrik Karlstrom: Sent to AHL
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Karlstrom was loaned to AHL Texas on Sunday.
Karlstrom got into two games since he was recalled Thursday, logging a hit and two shots. He could be back with Dallas soon, as the Stars currently have just 10 healthy forwards. The 25-year-old Karlstrom has eight goals and 13 assists in 40 games with AHL Texas this season.
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Stars' Fredrik Karlstrom: Elevated from minors
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Karlstrom was recalled from AHL Texas on Thursday, Bruce LeVine of Dallas Hockey Now reports.
Karlstrom has yet to make an NHL appearance this season, playing exclusively in the minors where he has tallied eight goals and 13 assists in 40 contests. With Joel Kiviratna (lower body) missing the last three contests, Karlstrom could be a candidate to move into a fourth-line role against Minnesota on Friday.
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Stars' Fredrik Karlstrom: Heads to AHL
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Karlstrom was loaned to AHL Texas on Tuesday.
Karlstrom was scratched for four straight games following his recall from the minors a week ago. He had been serving as an extra forward during that stretch. Karlstrom has four goals and one assist in 15 AHL contests this year.
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Stars' Fredrik Karlstrom: Called up Tuesday
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Karlstrom was promoted from AHL Texas on Tuesday.
Karlstrom has five points in 15 AHL games this season. The 24-year-old took Matej Blumel's spot on the NHL roster, though it's unclear if the move will stand for Wednesday's game versus the Blackhawks. If Karlstrom does draw into a game, he'll likely be in a bottom-six role.
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Stars' Fredrik Karlstrom: Reassigned to AHL affiliate
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Karlstrom was sent down to AHL Texas on Saturday.
Karlstrom picked up one assist in three games in his first taste of NHL action. He could be among the Black Aces call-ups later in the playoffs if the Stars go on a deep enough run.
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Stars' Fredrik Karlstrom: Earns assist in NHL debut
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Karlstrom notched an assist in Thursday's 4-2 loss to the Flames.
Karlstrom couldn't convert on a breakaway, but his shot generated a rebound for Luke Glendening's goal. The 24-year-old Karlstrom has picked up 29 points in 65 AHL games this season, so it's not like he's shown massive scoring potential. He'll likely be a rotational fourth-line option for the Stars to close out the regular season.