Sens fans bid farewell to Dion Phaneuf on Twitter

Kings acquire Phaneuf in 4-player trade with Senators

He said a $68 million payroll was "way too much over a revenue base that we have" and he was exhausted of bankrolling team operations. The erstwhile Ottawa Senators defenseman is now a member of the Los Angeles Kings in a deal that sees aging sniper Marian Gaborik go the other way.

The 32-year-old Phaneuf, who was pulled from the Senators game at Pittsburgh on Tuesday night, has three goals and 13 assists in 52 games and is minus-7 with Ottawa (19-26-9) this season. This transaction does help the Senators get some relief from their strapped cap numbers.

Phaneuf served as alternate captain with the Senators, and was captain for the Toronto Maples Leafs for six season.

The Kings, after losing 7-3 to the Carolina Hurricanes on Tuesday night, are on their way to Pittsburgh for a game on Thursday night where Phaneuf will join them. Former Blues forward David Perron has 51 points in 50 games for Vegas this season, which is driving some fans in the STL insane. He earns $4.875 million per year through 2020-21.

Gaborik's and Shore's time with L.A. He has 133 career goals and 345 assists. The 36-year-old is bouncing back from an offseason knee injury that required surgery.

Phaneuf spent two years and four days as a member of the Senators - arriving in a February 9, 2016 trade with Toronto that allowed them to dump the cumbersome contracts of Milan Michalek, Colin Greening and Jared Cowen for a net cash savings.

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Shore was drafted by L.A. back in 2011 and has spent his entire career with the Kings. until now. He has recorded 11 points (4-7=11) and 10 penalty minutes this season. His contract is up after this season and he will be a restricted free agent.

"Dion brings to our club a great deal of experience and leadership", said Kings GM Rob Blake. He also plays with a physical edge which complements our line-up well.

Lastly let's compare Phaneuf and Gaborik as players without getting into their salaries. Both guys are also high character guys.

"Marian has enjoyed a tremendous career to date and has played an integral role with our team over the years, including a Stanley Cup championship", Blake said. "Nick is a hard-worker who came up through our system and has developed into a solid National Hockey League player".

Two years and four days after it began, veteran defenceman Dion Phaneuf's time as an Ottawa Senator has drawn to a close. That's first and foremost. They've got a really good group of guys here. "I am going to go there and do the best I can to help their team". I've got fond memories of playing in Ottawa. It is a lot to take in right now, standing here there are a lot of different emotions, but I am excited about where I am going. I'm excited about the team they have, the position they're in. I'm not sure when the last time you could say that was. Two players that come to mind are Mike Hoffman and Derrick Brassard.

"It is a different situation", said Phaneuf. This is the third time he has been traded during a season. The Sens traded Nate Thompson and acquired Nick Shore. Which team improves? Let us know in the comments section below.

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