Senators Sign Chris Phillips to Three-Year Extension

The Ottawa Senators announced late Sunday evening that they have signed defenseman Chris Phillips to a three-year contract extension worth $9.25 million. The deal averages out to $3.08 million and includes a no-movement clause. Phillips had been the subject of trade rumors for the last month as the Senators began a downward spiral through the standings that has left them in last place in the Eastern Conference. Instead of waiving his no-trade clause to facilitate a trade to another team by the February 28 trade deadline, Phillips opted to remain with the team to mentor the young players. In a rather disappointing season for the 32-year-old blueliner, he has one goal and four assists for five points in 62 games. This is a decent move for the Senators, as Phillips has always been a steady player back on the team's blueline. He is an excellent shutdown defenseman with good mobility and a decent shot and will be an excellent mentor for the younger defensemen in Ottawa, as well as provide some stability on the blueline.