Scheifele played in just four games for the Jets this season, with no points while playing in limited minutes. The No. 7 overall pick in the 2011 draft did get an extended look with 16:47 of ice time against the Lightning on Feb. 1 but was a healthy scratch once more for Tuesday's 3-2 overtime win over the Florida Panthers.
Teams had just five games to make a decision on young players before an entry-level contract would kick in, down from ten games because of the shortened season.
Scheifele was touted as one of the more NHL-ready forwards in the draft in 2011 but has yet to find a permanent spot on the Jets roster, playing in seven games in 2011 before being sent back to juniors. In 30 games with Barrie in 2012-2013, Scheifele has 22 goals and 49 points and is a plus-19.