During the free-agency period in July, owner Charles Wang and GM Garth Snow made it clear that they are committed to improving the franchise from within the organization.
There is still no stadium deal in place for 2015, which looks like the main reason the Islanders appear to still be in "rebuilding mode" (for the sixth straight year).
The combination of Wang's apprehension to spend more on a team that reportedly loses $20 million per year (due to a terrible lease deal), and free agents' apparent lack of desire to play on a team with no recent success and an uncertain future, has meant that the Islanders do not have the luxury to sign impact players through free agency.
Despite the lack of moves in the offseason, the last five years of poor play and obscurity have allowed the Islanders to accumulate an impressive prospect pool (which ranks anywhere from second to seventh in the NHL, depending on who you ask). These homegrown players will be expected to step up for the Islanders this year.
In order for the Islanders to succeed, they will need to improve on what was the 27th-ranked offense last season. These numbers should give the Islanders an offense that can lead them to the playoffs.