Los Angeles Kings, Ottawa Senators complete 4-player trade

Los Angeles Kings, Ottawa Senators complete 4-player trade

The NHL trade deadline is February 26.

The timing of the trade was a bit unusual, though the fact he was dealt came as no surprise. That is exactly what happened Tuesday night.

"I haven't really spoken to anyone, but it's an unfortunate part of the business", said Ottawa captain Erik Karlsson Tuesday night following the trade. What was thought to be injury related after he took a puck to the forearm early in the first period turned into a trade rumor after reports of a trade began to surface.

Dion Phaneuf is on the move again as the Los Angeles Kings hope he bolsters their blue line for a playoff run. It's hard to see Gaborik surviving the length of his contract in Ottawa (he is also signed through 2021) and names such as Mike Hoffman and Zack Smith have been hot in trade rumor circles for a while now.

More than anything this deal is about the Senators shedding salary as they look to start their re-tool or rebuild - it remains to be seen which it will be - following what has been an incredibly disappointing season. Ottawa will retain 25% of Phaneuf's salary (cap hit of $1.75M per year for the next 3 years) in the trade.

The other option is to buy out Gaborik's contract after this season, which will save them about $4.6M in cap space and $6.66M in real dollars than if they had kept Phaneuf but only about $3.5M saved (over 6 years) than if they had bought out Phaneuf themselves after this season.

Time will tell in the long term if it makes them a better team on the ice, but it certainly looks like a cash grab, and not a big one at that unless they can put Gaborik out to pasture.

Coming into the National Hockey League trade deadline, the Senators have assets contending teams could use come the playoffs. It's a business decision that the Ottawa Senators wanted to move me and I respect that. Nothing is off the table for the Senators.

Phaneuf, acquired from the Toronto Maple Leafs in February 2016, spent just over two years with the Senators having played 154 games with the club. In his rookie season, he had 20 goals and 29 assists for 49 points, proving himself to be an offensive defenceman.

"Marian has enjoyed a tremendous career to date and has played an integral role with our team over the years, including a Stanley Cup championship", Blake said. "It's going to be a real good experience for me to be able to join that team". He earns $4.875 million per year through 2020-21. Thompson, 33, heads back to California after having spent the past previous three seasons with the Anaheim Ducks. They will follow the game at Pittsburgh with games Saturday in Buffalo, Monday in Chicago and Tuesday in Winnipeg. This season, he has 16 points (three goals) and 34 penalty minutes. How much they save depends on what they decide to do with Gaborik.

Phaneuf, 32, has this season and three more left on his contract.