With training camps now almost upon us, the bulk of the heavy lifting has been done from a roster perspective. Most unrestricted free agents have found new homes, the arbitration period has come and gone, and the trade market has cooled. Accordingly, it’s a good time to take a look at what each team has accomplished this offseason. Next up is a look at Ottawa.
After missing the playoffs for seven straight years in the midst of a long-term rebuild, the Senators finally got over the hump last season, making the postseason and finishing only one point behind Florida for the third seed in the Atlantic Division; the Panthers, of course, went on to win the Stanley Cup again last season. GM Steve Staios opted to largely keep his core group intact, believing that continued growth from their top players will allow them to take another step forward in 2025-26.
Draft
1-23 – D Logan Hensler, Wisconsin (Big 10)
3-93 – F Blake Vanek, Stillwater (USHS-MN)
4-97 – G Lucas Beckman, Baie-Comeau (QMJHL)
5-149 – F Dmitri Isayev, Yekaterinburg (MHL)
6-181 – F Bruno Idzan, Lincoln (USHL)
7-213 – G Andrei Trofimov, Magnitogorsk (MHL)
The Senators didn’t make any big splashes at the 2025 draft, outside of trading down slightly in the first round in order to pick up the third-round pick they would send to Los Angeles for Spence. The club didn’t have a second-round pick as a result of the Zetterlund trade with San Jose, but nonetheless managed to put together a draft class that should produce an NHL player or two.
Hensler was widely regarded as a polished defenseman by scouts, one who capably handled the rigors of NCAA hockey as a freshman and grew more comfortable as the season progressed. While most public-facing scouts do not credit Hensler with a standout single tool, he’s widely seen as a likely long-term NHL player. The team at Elite Prospects recently ranked Hensler as the club’s number-two prospect behind 2024 top pick Carter Yakemchuk.
The Senators began the second day of the draft by adding Vanek, a Minnesota high school prospect who is the son of longtime NHLer Thomas Vanek. Vanek offers an intriguing package of physical tools and was ranked 18th in the team’s system.
In the later rounds, Beckman represented a solid bet as the club added one of the QMJHL’s more promising netminders. Isayev is an undersized Russian winger who was point-per-game in the MHL in his draft season, while Idzan dazzled fans of the USHL’s Lincoln Stars with his offensive skill last season. He became the first Croatian selected in the NHL Entry Draft and will play at the University of Wisconsin next season.
Trade Acquisitions
D Jordan Spence (from Los Angeles)
The Senators’ lone trade acquisition from the summer was Spence, a 24-year-old blueliner. Spence is an undersized blueliner who brings real offensive talent in his game, and had two quality, near point-per-game AHL seasons after turning pro in 2021-22. Spence already has 180 NHL games to his name, and is coming off of a season where he scored 28 points in 79 games. The arrival and emergence of 2021 top pick Brandt Clarke in a similar offensively-focused right-shot role appears to have pushed Spence out of Los Angeles, and the Senators look poised to benefit.
At the moment, Spence appears to sit third on the team’s right-shot defensive depth chart, behind established veterans Artyom Zub and Nick Jensen. He’ll have to compete with Nikolas Matinpalo for the team’s third-pairing right-side spot, but Spence is notably more experienced than Matinpalo and should be viewed as the favorite for that role.
If Spence can further establish himself as an NHL regular in Ottawa and perhaps find a way to get minutes on the power play (not the easiest task with Jake Sanderson and Thomas Chabot on the roster) Spence will likely provide a strong return for the Senators’ investment of a third-round pick.
Beyond adjusting to a new environment, it’s an important year for Spence due to his contract situation. His $1.6MM AAV contract is set to expire this summer, when he’ll in all likelihood receive a qualifying offer and become a restricted free agent. He already has an argument for a decent pay raise over the value of his last deal, but breaking into the 30-point range could strengthen his case even further.
UFA Signings
F Wyatt Bongiovanni (one year, $775K)*^
F Nick Cousins (one year, $825K)^
F Lars Eller (one year, $1.25MM plus $1MM in bonuses)
F Claude Giroux (one year, $2MM plus $2.75MM in bonuses)
F Hayden Hodgson (two years, $1.55MM)*^
F Arthur Kaliyev (one year, $775K)*
F Olle Lycksell (one year, $775K)*
G Hunter Shepard (one year, $775K)*
*-denotes two-way contract
^-denotes re-signing
The Senators didn’t do any major free agent shopping this past summer – the largest deal they signed was to re-sign veteran Claude Giroux for another campaign. Their most significant UFA addition from outside the organization was Eller, a veteran center signed to a one-year deal. Eller, now 36, has long been one of the NHL’s better third-line centers, though age is beginning to catch up to him. The 2018 Stanley Cup champion saw his offensive production decline from 15 goals, 31 points in 2023-24 to 10 goals, 22 points in 2024-25.
The Senators didn’t sign Eller for his offense, though. What they’re likely seeking is for Eller to serve as a quality fourth-line defensive center. With Tim Stutzle, Dylan Cozens, and Shane Pinto entrenched as the team’s three top centers moving forward, there isn’t a need for Eller to play as big a role in Ottawa as he did in during his peak years with the Washington Capitals. His contract from this past summer reflects that.
The Senators’ other UFA external additions were made more with an eye to depth and their AHL affiliate than anything else.
They picked up Kaliyev after his stint with the New York Rangers failed to generate momentum. He’s a player Senators management is familiar with from his days in the OHL: Senators president of hockey operations Steve Staios was Kaliyev’s GM back during Kaliyev’s successful stint with the then-Hamilton Bulldogs. One has to think this is a big year for the enigmatic 24-year-old winger to prove he has what it takes to be an NHL player.
Lycksell and Bongiovanni are quality AHL scorers, and Lycksell’s $450k AHL salary indicates he’ll likely be relied upon as one of the top offensive weapons in Belleville. Hodgson is a bigger winger with a more physical profile who could end up seeing an NHL recall should the Senators need a player to fill a fourth-line role for a short period. Shepard, a two-time Calder Cup champion, will likely play a big role for the AHL Senators after receiving a $400k AHL salary to sign in Ottawa.
RFA Re-Signings
F Xavier Bourgault (one year, $775K)*
D Cameron Crotty (two years, $1.625MM)*
F Jan Jenik (one year, $775K)*
D Tyler Kleven (two years, $3.2MM)
D Nikolas Matinpalo (two years, $1.75MM)
G Leevi Merilainen (one year, $1.05MM)
D Donovan Sebrango (one year, $775K)*
D Lassi Thomson (one year, $775K; returns from SHL)
D Fabian Zetterlund (three years, $12.825MM)
*-denotes two-way contract
The Senators’ most significant RFA re-signing was undoubtedly that of Zetterlund, their mid-season trade acquisition from the San Jose Sharks. They didn’t elect to sign the Swedish winger to a long-term extension, which is understandable after he struggled to produce in his 20-game run in Ottawa last season.
In San Jose, Zetterlund showed quite a bit of promise, and has now scored at least 40 points in back-to-back years. Zetterlund plays a unique style in that he has a power forward’s game despite being 5’11. Now earning a shade over $4MM, Zetterlund will have to build some chemistry with one of the team’s existing scorers in order to justify the club’s level of investment in him.
Kleven and Matinpalo are the other two major skaters in the club’s RFA cohort, both likely to be on the team’s NHL roster for 2025-26. Kleven is a rangy defensive defenseman likely to resume his role as the team’s third-pairing left-shot blueliner for this upcoming season – and his $1.6MM AAV reflects that role. Matinpalo, 26, impressed last season as he broke into the NHL and even earned a role on Finland’s Four Nations Faceoff team. He got into 41 games last season and the addition of Spence means he’ll have to really compete to earn a regular role on Ottawa’s defense. But at minimum, it looks like he’ll be the club’s seventh defenseman and be first to step in should any injuries strike.
Merilainen, the lone goalie in that grouping, played in 12 NHL games last season and will be Ottawa’s backup behind starter Linus Ullmark for the upcoming season, provided he can fend off a challenge from the big Mads Sogaard.
Bourgault, Crotty, Jenik, Sebrango, and Thomson are each long-shots to make the team’s NHL roster, but were nonetheless re-signed with an eye to AHL Belleville. It’s a big year for Bourgault in particular, as the 22-year-old forward is just one of a small handful of 2021 first-round picks who have yet to appear in an NHL game.
Departures
F Angus Crookshank (signed with New Jersey, two years, $1.55MM)*
F Philippe Daoust (non-tendered but signed AHL deal with Belleville)
D Jeremy Davies (signed with AHL Henderson)
G Anton Forsberg (signed with Los Angeles, two years, $4.5MM)
F Adam Gaudette (signed with San Jose, two years, $4MM)
D Dennis Gilbert (signed with Philadelphia, one year, $875K)
D Travis Hamonic (signed with Detroit, one year, $1MM)
F Matthew Highmore (signed with NY Islanders, one year, $775K)*
F Jamieson Rees (non-tendered but signed AHL deal with Belleville)
F Cole Reinhardt (signed with Vegas, two years, $1.625MM)
F Tristen Robins (signed in Czechia)
D Filip Roos (signed in Sweden)
*-denotes two-way contract
The Senators lost a few NHLers this offseason, but nobody who is likely to leave a big void in the club’s roster. Gaudette scored 19 goals last season and the Senators didn’t bring in anyone with that kind of goal-scoring record, but an improved year from Zetterlund could help cover for the loss of Gaudette. The Senators could very well have been skeptical that Gaudette, who shot 21.1% last season, would be able to repeat his performance, hence their decision not to re-sign him.
In the departure of Anton Forsberg, the Senators lost an experienced NHL backup – but if Merilainen’s 2024-25 performance is something he can build on, the Senators will be fine. Right-handed veteran Hamonic’s spot on the team’s defensive depth chart was filled by the addition of Spence, and while Reinhardt was a useful, scrappy depth winger, he’s not a departure that will make a major difference in the Senators’ fortunes.
Salary Cap Outlook
The Senators enter training camp with a little over $3.5MM in cap space, per PuckPedia. However, the team is operating as a cash-over-cap team, something that owner Michael Andlauer acknowledged would likely mean they won’t spend right to the $95.5MM ceiling. Between that, wanting to keep some flexibility open for injuries, and keeping some money available for the bonuses to Giroux and Eller, the actual amount of that cap room that’s available to be spent right now would appear to be quite limited.
Key Questions
Who Will Be Ottawa’s Backup Goalie?
Although the Senators have one of the NHL’s top veteran netminders in Ullmark, the 32-year-old Swede is not known for an ability to shoulder a heavy workload. Ullmark played in just 44 games in 2024-25, and even in his Vezina Trophy-winning season, he played in just 49 games. In other words – the backup goalie spot in Ottawa is more important than for other teams, because the club’s other netminders are in line to play a greater workload than backups see in other markets. Offseason RFA signing Merilainen looks like the front-runner to be the backup goalie after the departure of Forsberg, but he’ll be pushed by Sogaard, who has 29 games of NHL experience. The dark horse here would be Shepard, a veteran who struggled with the AHL’s Hershey Bears in 2024-25 but was downright elite in 2023-24.
Can the Senators Expect More From Their Stars?
The Senators are led by a talented core group of in-their-prime players, but that’s not to say each player played up to his potential in 2024-25. Franchise center Stutzle led the team in scoring, but he’s finished in the 70’s in terms of point production in back-to-back years. After scoring 90 points in his third NHL campaign, it would be fair to expect a little bit more from the highly talented German. The same can be said for captain Brady Tkachuk. Tkachuk is a highly coveted, unique talent, and so one would be forgiven for not realizing he had only 55 points last season. For the Senators to become the kind of dominant force they have the talent to be, they’ll need him to produce the way he did in 2022-23, when he put up 83 points to go alongside 35 goals. The Senators have a collection of players that, on paper, are more than good enough to claim a divisional playoff spot. But they’ll need a few big names to step up and play up to their potential in order to do so.
How Will Zetterlund Do In His First Full Senators Season?
The Senators’ roster is largely settled, with big names under contract and few existential roster questions. As the above question alluded to – the pieces are largely in place, the main element needed now is execution. The most notable still-unsettled piece of the Senators puzzle is Zetterlund. The Athletic’s Julian McKenzie indicated before training camp that the expectation would be for Zetterlund to begin the year on the team’s first line alongside Stutzle and Tkachuk, which would be a huge opportunity for Zetterlund to potentially set new career highs in production. Whether he’s able to actually do so – and justify the Senators’ investment in him – will be a key storyline to watch in Ottawa this season.
PHR’s Brian La Rose and Ethan Hetu also contributed to this column.
Photos courtesy of Charles LeClaire-Imagn Images.