Neil Sheehy, Visnovsky's agent, said he and his client accepted the decision.
"This was a CBA issue between the NHL and the NHLPA," he said. "The language wasn't clear, it's clear now. The arbitrator made it clear. I fully accept it and Lubo does as well, there are no issues. The arbitrator has spoken."
Visnovsky can retire, he can opt to play in the KHL if there is no lockout, he cannot play in his home country unless there is a lockout.
The New York Islanders own his NHL rights for the next calendar year whether he likes it or not, in the unlikely event there is a CBA agreement, he is obligated to report.
Anaheim officially has the New York Islanders second round pick in the 2013 NHL entry draft.
Tsn.ca: Reports on the guidelines announced by the KHL which will limit the job opportunities for current NHL players.
Perhaps I got that one wrong, however there was no KHL in 04-05, this is an established league now that recently has tried to put a stop to the Radulov-like moves by players despite no on-paper agreement.
Boston Globe: Reports Bruins gm, Peter Chiarelli, has told them the NHL has granted its clubs an expanded waivers period meaning once a player clear waivers, they will be free to report to the club's AHL affiliate, and dress for AHL games.
Providence training camp opens 9/28, meaning the Sound Tigers likely will go along the same lines.
Tsn.ca: Also reports the NHL/NHLPA exchanged offers Wednesday.