Pierre Dorion has made another trade, and this time it includes a contract he was badly trying to get rid of:
News Release: #Sens acquire Ryan Callahan from the Tampa Bay Lightning in exchange for goaltender Mike Condon: https://t.co/Zj2Ue50vqw
— Ottawa Senators (@Senators) July 30, 2019
Communiqué : Les #Sens font l’acquisition de Ryan Callahan du Lightning de Tampa Bay en retour du gardien Mike Condon: https://t.co/0WcQauMsd8 pic.twitter.com/KZyLuQ78mu
There's a good chance that Callahan spends the entire season on LTIR, plus the Senators slighty upgraded one of their draft picks. Ottawa will save millions on this deal because of insurance on Callahan's contract:
Callahan’s cap hit is 5.8m, but he’ll make 4.7m in real money. Since he’ll be in LTIR with a career ending back injury, insurance will pick up 80% of that, which means the Sens will be on the hook for around $940,000.
— Steve Lloyd (@TSNSteveLloyd) July 30, 2019
Condon’s cap hit is 2.4m, but he’ll make 3m in real money.
More to come later.