Senators Trade Peter Schaefer to Bruins for Shean Donovan.

The Senators have traded Peter Schaefer, with three years at a cap hit of 2.1 million left on his contract, to the Bruins for right wing Shean Donovan, with one year at a cap hit of 925 thousand left on his contract, freeing up 1.2 million in cap space this year and getting the Sens off the hook for 2.1 million in each of the following two years.

The 32 year old Donovan has 214 points in 774 NHL games with the Sharks, Avalanche, Thrashers, Penguins, Flames and Bruins, with a career high 42 points in 82 games with the Flames the year before the lockout, and played with the Flames during their run to the Stanley Cup Final. He will bring a veteran presence to the team, and while this certainly isn't Gary Roberts we're talking about, expect that this steady hand will help keep the team on track after their best season ever.