Spezza's new deal
Jason Spezza has a new seven-year contract extension worth $49 million with the Ottawa Senators.
Spezza will get $8 million in each of the first five years of the contract and $5 million and $4 million, respectively, in the final two years. The cap hit will be $7 million per year for the Senators.
Dany Heatley's recent extension averages $7.5-million over the next six seasons, so barring a trade, we'll be seeing these two light it up for the Senators for sometime to come.
The players the Senators have signed beyond this season are Spezza, Heatley, Daniel Alfredsson ($4.414-mil), Mike Fisher ($4.2-million), Chris Neil ($1.2-million), Dean McAmmond ($900,000), Chris Phillips ($3.5-million), Joe Corvo ($2.625-million), Anton Volchenkov ($2.5-million) and Christoph Schubert ($883,000), as well as the two goaltenders for similar $3-million range deals.
Spezza was on a $4.5-million cap hit this season, so much of that difference can be made up by moving either Ray Emery or Martin Gerber, something that had seemed unexceptionally likely by next season anyway.
If the Senators move one of those 'tenders, and the cap stays in the $50-million range, they'll have roughly $12-million left to sign the team's remaining nine or 10 players on the roster.