Kings purchase defenseman Dion Phaneuf in commerce with Senators

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So that is the money aspect, but now the departure of Phaneuf, who has probably been Ottawa's most consistent defenseman for most of this season, leaves a giant hole on the Senators' blue line.

The Ottawa Senators traded Phaneuf and Nate Thompson to the Los Angeles Kings for Marian Gaborik and Nick Shore.

But the franchise will save about $5.5 million in this deal - and likely more, since Gaborik is unlikely to remain a Senator for the term of his contract. "That is first and foremost, I have nothing but great things to say about the city of Ottawa, about the organization, about my time here".

On to the good stuff, and by good stuff I mean if you like the direction Pierre Dorion is going.

Phaneuf said when he sat he knew something was up and Los Angeles is a good fit because his wife Elisha Cuthbert is an actress and they have a home there. "For me, it's a business decision that the Ottawa Senators wanted to move me, and I respect that".

The Kings needed a No. 4 defenseman, and they got one with Phaneuf. "I am honored to be going there, I am excited about the team they have, where they are in the standings, I am going to go there and do the best I can to help their team".

As for Phaneuf, he's also signed through the 2020-21 season at a $7 million cap hit, though the Sens are paying a quarter of his salary.

"I haven't really spoken to anyone, but it's an unfortunate part of the business".

"He was great for me coming here from Toronto", Karlsson said. He is someone we would have liked to have kept if the circumstances would have been different. "We're talking about two players that I really enjoyed having around, because they were two character people that brought a lot of positive things to us". "You just never know when it's going to happen or if it's going to happen".

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The teams announced the trade Tuesday night after the Senators' loss to the Pittsburgh Penguins, in which Phaneuf was pulled from the bench mid-game.

"It's an unfortunate part of the business", said Senators captain Erik Karlsson, whose future with the team is also in question as the team continues to lose and his long-term contract situation looms. That option would save the Senators nearly $16M in cap space and nearly $12M in actual dollars over three years as opposed to the status quo (assuming insurance covers 80% of Gaborik's salary in that case).

Phaneuf didn't return for the third period and played only 10:50.

Shore, 25, is by far the youngest player included in the deal.

Mike Condon allowed goals on 3 straight shots in the second period to get the hook, and two of them were atrocious goals and turned a close 1-1 game into a no-doubter. We knew something was up.

"It's disappointing when you do get moved", he told reporters Tuesday night.

More of the same as the Senators were plagued by awful goaltending, inability to compete in the defensive zone and pretty much Mark Stone against the world offensively for the most part.

Finishing the game without Phaneuf didn't help matters for the Senators. It's very unusual. I know what it's like obviously, for me it was maybe a little crazier, getting trade a minute into the game then I kind of sat there for a while. "It basically happened to me a minute into the game", said centre Matt Duchene, who was dealt to Ottawa in November by Colorado during a game in Brooklyn.

Phaneuf was traded again nearly exactly two years after the Senators got him from the Toronto Maple Leafs. It was White's second National Hockey League goal and helped matters in what had been a hard period.