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Toronto Maple Leafs Send Dion Phaneuf to Ottawa Senators in 9-Player Trade

The Toronto Maple Leafs traded Dion Phaneuf, their captain and highest-paid defenseman, to the Ottawa Senators on Tuesday in a nine-player trade that will clear plenty of salary-cap space in the years to come.

The Senators sent defenseman Jared Cowen; forwards Milan Michalek, Colin Greening and Tobias Lindberg; and a second-round pick in the 2017 draft to Toronto for Phaneuf; forwards Matt Frattin, Casey Bailey and Ryan Rupert; and the prospect Cody Donaghey.

No salary was retained by either team. Phaneuf and the remaining five years of his contract, which carries a $7 million cap hit each season, now belong to the playoff-minded Senators, and the Leafs get to press on with their rebuilding project.