With plenty of free agents to sign, especially Ray Emery, the Sens cleared some cap space today, trading Peter Schaefer to the Bruins in exchange for Shean Donovan.
Schaefer has 3 years left on his contract at $2.23 per season while Donovan has 1 year left that pays him $925,000.
This is a decent upgrade for Boston, as Schaefer had 12 goals and 46 points in 77 games last season, while Donovan had 6 goals and 17 points in 76 games.
The Sens were more concerned about saving dollars at this point.

---

The Hurricanes have re-acquired speedy Matt Cullen from the Rangers today in exchange for D-man Andrew Hutchinson, forward Joe Barnes, and a 3rd round pick in the 2008 Entry Draft.
The Rangers had to clear Cullen's $2.8 million from their payroll and got another defenceman in return, an area they are not-so deep in. Cullen is a great speedy and gritty role player. I'm sure the Canes are welcoming him back with open arms.


T Tags: Senators+trade+Schaefer+to+Bruins+for+Donovan
Rangers+trade+Matt+Cullen