The Arizona Coyotes have shipped out one of their veteran leaders, sending Derek Stepan to the Ottawa Senators in exchange for a 2021 second-round pick (originally belonging to the Columbus Blue Jackets). Ottawa will take on the entire $6.5MM cap hit for the final season of Stepan’s contract, though notably, the forward is owed just $2MM in actual salary this season.

Stepan, 30, was one of the big moves that former Coyotes GM John Chayka pulled off in the 2017 offseason, coming to Arizona from the New York Rangers along with Antti Raanta in exchange for Tony DeAngelo and the seventh-overall pick (which turned out to be Lias Andersson). In an attempt to get more competitive that summer the Coyotes added the two Rangers, Nick Cousins, Niklas Hjalmarsson, and Jason Demers. Though it won’t be remembered as a supremely successful summer, it’s not like Stepan didn’t do exactly what he was brought in for. In his first year in Arizona, Stepan scored 56 points, trailing only Clayton Keller for the team lead. His consistent presence in the middle of the ice is valuable and it’s exactly what the Senators were after.

Stepan is just the latest move by Ottawa GM Pierre Dorion to try and surround his young core with more veteran names. Evgenii Dadonov, Alex Galchenyuk, Erik Gudbranson, and Matt Murray all have plenty of NHL experience and could make the Senators a sneaky competitive team in the All-Canadian division. That said, it’s not clear exactly where Stepan fits into a lineup that already had several options down the middle.

For both clubs, this is a nice move, as the Coyotes desperately needed some cap room and the Senators are just hoping to start turning a few losses into wins. Arizona now figures to have a little more than $3MM in space even before moving Marian Hossa to long-term injured reserve and could potentially have more moves coming. In Ottawa, after several years of turmoil, a respected leader like Stepan can provide some stability not only on the ice but in the locker room as well.

View Comments (9)