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Breaking: Isles Trade for Christian Ehrnhoff | June
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Christian Ehrhoff Christian Ehrhoff #5 of the Vancouver Canucks plays the puck against the New York Rangers during the game at Madison Square Garden on January 13, 2011 in New York City.

Updated 8:11: Newsday's Katie Strang has confirmed that the Islanders have indeed traded a 4th round pick for Ernhoff's negotiating rights.

TSN's Bob McKenzie is reporting that the Islanders have traded
a 4th round draft pick to Vancouver for the negotiating rights of Christian Ernhoff. 

Ernhoff had 14 goals, 36 assists, and 50 points in 79 games with the Vancouver Canucks.  

Will update this story when more details are available.