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The Race to the Cap Floor: Kaspars Daugavins Signs One-Year Contract

Per Darren Dreger, the Senators have inked Kaspars Daugavins to a new one year contract. If you’ll recall, Daugavins was scheduled to have his arbitration case heard tomorrow. The Ottawa Sun‘s Bruce Garrioch (@SunGarrioch) was the first to report the terms, apparently it is a one-way deal worth $635,000.

Unless you’re keeping tabs on Ottawa’s cap management and their race to get to the salary cap floor, the money in Daugavins’ deal is irrelevant. He got was he was looking: a one-way contract and the guaranteed NHL salary that comes with it.

With Daugavins’ salary accounted for, using Capgeek‘s numbers, Ottawa’s total payroll now stands at $51,208,333. Even with 13 forwards, six defencemen and two goaltenders under contract, the Senators are still $2,991,667 below the cap floor.

Even with the inclusion of Mika Zibanejad ($1,744,167 cap hit as the extra forward) and a seventh defenceman — either Mark Borowiecki ($610,000) or Patrick Wiercioch ($875,000) — the Senators still fall short of the floor. Accounting for the contracts, with Boro and Ziba, the Senators will be $637,500 short and with Ziba and Wiercioch, they’ll be $372,000 below the threshold.

Replacing one of the team’s lowest paid forwards for Jakob Silfverberg’s $900k cap hit will bring them closer, but it will not put them over. Unless the NHL plans on abolishing the cap floor in their CBA negotiations, the Senators are going to have to make another roster move to become cap compliant.

If you have any suggestions on how the Senators can do that, put them in the comment thread.

Last Man Standing…

Wth the Dogman under wraps, the Senators can focus their attention on signing their lone remaining restricted free agent, Stephane Da Costa.