On November 18, 2019, as a result of Schneider's struggling performance in the season, he was placed on waivers for the purpose of assigning him to New Jersey's AHL affiliate, the Binghamton Devils. He cleared waivers the next day and was assigned to the Binghamton Devils. On October 8, 2020, after seven seasons with the Devils organization it was announced that Schneider was placed on unconditional waivers for the purpose of buying out the remaining two years of his contract with the club.