Panik has cleared waivers but remains with the team, Andrew Gross of Newsday reports.
Panik had very little chance to make the team out of camp. His best chance to stay with the club will be as an extra forward, but general manager Lou Lamoriello may be keeping him with the team as he tries to make a trade or two rather than risk a team claiming someone like Kieffer Bellows on waivers. If the Islanders don't make a trade of some sort by the roster deadline Monday, Panik will likely see himself ticketed for Bridgeport of the AHL.