Senators Sign Alfredsson to Four-Year Extension

The Ottawa Senators announced on Thursday that they have signed team captain Daniel Alfredsson to a four-year contract extension worth $21.6 million that also has a no-movement clause. The deal averages out to $5.4 million per season. The contract will likely keep Alfredsson a Senator for the rest of his career. Alfredsson was eligible for unrestricted free agency in July, but had option years on his current contract. According to tsn.ca, the first year of the contract will pay him $4 million, plus a $3 million signing bonus and a $2.1 million bonus for the removal of the option years from his old contract, which total $9.1 million. The second year of the contract will pay $4 million with a $3 million signing bonus for $7 million, the third year will pay $2 million with a $2.5 million bonus for $4.5 million, and the fourth year will pay $1 million. So far this season, his 13th with the Senators, Alfredsson has three goals and six assists for nine points in eight games played. He missed one game this season with a knee injury. This is an excellent signing for the Senators, as Alfredsson has demonstrated throughout his career that his offensive talent and leadership are extremely valuable to the team. He shows no signs of slowing down offensively and will continue to play on the Senators' top offensive line for the duration of the contract.