The Buffalo Sabres are the latest team to hold the rights to defenseman Christian Ehrhoff, who is set to become an unrestricted agent at noon on Friday.

The New York Islanders obtained Ehrhoff's rights from the Vancouver Canucks on Tuesday for a fourth-round pick in the 2012 Entry Draft, but failed to negotiate a new contract with him and engineered a deal with the Sabres to acquire Buffalo's fourth-round pick in 2012.

According to a report in Newsday, the Islanders broke off talks with Ehrhoff after the two sides failed to reach an agreement before a 5 p.m. Wednesday deadline imposed by General Manager Garth Snow.

"We made a significant offer," Snow told the newspaper. "I don't want to get into specific numbers, but I felt like we made a good offer and a good run to get Christian to sign."

Snow wouldn't reveal the contract terms, but Newsday reported it was "well north" of the five-year, $23 million contract fellow blueliner Kevin Bieksa received earlier this week.

Ehrhoff is one of the game's best at adding offense from the blue line. The 28-year-old had a career-high 14 goals and 36 assists in 79 games last season. He had 2 goals and 10 assists in 23 playoff games, but struggled mightily during the Stanley Cup Final as he played through a shoulder injury he suffered in the Western Conference Finals.