Senators Swap Schaefer for Shean Donovan

The Ottawa Senators made some news this morning as they traded Peter Schaefer to the Bruins in exchange for Shean Donovan. Schaefer is signed for 3 years at $6.7M while Donovan has just one year left with a hit of $925,000. For all intents and purposes, this looks to be nothing more than a salary dump to make way for re-signing Ray Emery.

The extra $1M in cap space should go a long way to this re-signing. If they can now manage to trade Gerber, they should be comfortable signing Heatley to an extension before the season is out. And you have to believe Heatley is going to command top dollar after 2 straight 50-goal seasons.