Ottawa management completes a trade with Philadelphia after a month long marathon negotiation.

We acquire an outstanding character player and some excellent young talent as we continue to restructure the Senators roster during what can only be described as a frustrating season.

COMING TO OTTAWA
$1.7 Million cleared in cap space
Gabriel Landeskog, $7.5m (2014-2018)
C - Pavel Zacha (2015: 1/6 - 30 Games)  GP updated Dec26, 2016
C - Tyson Jost (2016: 1/10 - 0 Games)
Round 2 - 2017  (from *)

SENT TO PHILADELPHIA
Evander Kane, $5.9m (2016-2020)
Jaromir Jagr, $2.5m (2014-2017)
Jamie Oleksiak, $0.8m (2015-2017)
D - Kale Clague (2016: 2/51 - 0 Games)

As with any rebuilding project, there's always more to come. Ottawa management is very pleased we could acquire standout prospects Zacha and Jost, both recent Top 10 draft picks.

A good professional trade negotiation with PPG.

http://www.profsl.com/smf/index.php?PHPSESSID=b54769a1cc6f130038d8753982321821&topic=286857.0

The currently open Free Agent bidding should cover our Buy-Out expense for Cory Conacher.

- DD

Los Angeles management is pleased to announce they have come to terms on a trade with the Florida Panthers to acquire veteran Goaltender Peter Budaj and defenseman David Savard.

Traded to the Los Angeles Kings
Peter Budaj, $0.2m (2016-2018)
David Savard, $5.7m (2015-2019)

Traded to the Florida Panthers
Nikita Kucherov, $6.0m (2016-2020)
C - Gemel Smith (2012: 4/104 - 0 Games)  Has now played 12 NHL Games
Round 1 - 2017
Round 3 - 2017
Round 4 - 2017

Although we can survive the lengthy injury to our 1A goaltender Quick, our organization believes in thriving. Budaj is an expensive mid-term rental option we think can hate the workload with Roberto. In Nikita Kucherov we give up the Number 1 Right Winger in FNHL while he also possesses intrinsic value for the Panthers organization having been drafted by their current GM thus qualifying for a hometown discount. Three months from now we will be left with Savard as the only true player of value in this trade when Jonathan makes his return to the ice. Therefore this trade is bitter sweet for our organization.

Ottawa management submits two Buy-Outs:

Rob Klinkhammer, $2.1m (2015-2018)
Playing in the KHL. Receives 1-Year Buy-Out for $1.6 Million

Viktor Tikhonov, $1.5m (2015-2018)
Playing in the KHL. Receives 1-Year Buy-Out for $1.2 Million

Thank You!

- DD

Ottawa management is pleased to announce a major trade with the Chicago Blackhawks.

Traded to the Ottawa Senators:
Evander Kane, $5.9m (2016-2020)
Cam Ward, $6.2m (2015-2019)
Jacob De La Rose, $0.9m (2015-2018-EL)
G - Alex Nedeljkovic (2014: 2/37 - 0 Games)
Round 1 - 2017

Traded to the Chicago Blackhawks:
Braden Holtby, $10.2m (2015-2020)
RW - Ryan Hartman (2013: 1/30 - 8 Games)  GP updated July 1, 2016
LW - William Carrier (2013: 2/57 - 0 Games)
LW - Andrew Mangiapane (2015:  6/166 - 0 Games)

With our team's lackluster start, Senators executives felt it would be prudent to change direction and plot a new course. The incoming group of players and draft pick solidifies those immediate future plans.

Evander Kane and Cam Ward were crucial to making this trade work. Alex Nedeljkovic represents future goaltending insurance in the event Saros fails to develop. De la Rose is a great prospect to invest in and our organization is great managing draft picks.

We will continue to search for trades to improve our organization in a multitude of ways. Chicago to confirm.

- DD