Maple Leafs trade Dion Phaneuf to Senators in 9-player deal
The Ottawa Senators and Toronto Maple Leafs have put the Battle of Ontario on hold in order to make a nine-player trade involving Dion Phaneuf.
Heading to Toronto is Jared Cowen, Colin Greening, Milan Michalek, Tobias Lindberg, and a second-round pick in 2017.
In addition to Phaneuf, the Senators will receive Matt Frattin, Casey Bailey, Ryan Rupert, and Cody Donaghey.
With the deal, both teams are free of the contracts being sent the other way.
One additional note: no salary will be retained by either team over the trade’s entirety.
— Ottawa Senators (@Senators) February 9, 2016
Phaneuf's contract represents the biggest on the move, with a $7-million cap hit through to the end of 2020-21.
All three of Cowen, Greening, and Michalek are under contract for one more season after this, with combined cap hits of $9.75 million.