Salary Cap Deep Dive: Ottawa Senators

Navigating the salary cap is one of the most important tasks for a front office.  Teams that can avoid total cap chaos by walking the tightrope of inking players to deals that match their value (or compensate for future value without breaking the bank) remain successful.  Those that don’t often see struggles and front office changes.

PHR is looking at every NHL team and giving a thorough look at their cap situation for the 2024-25 season.  This will focus more on players who are regulars on the roster versus those who may find themselves shuttling between the AHL and NHL.  All cap figures are courtesy of PuckPedia.  We’re currently covering the Atlantic Division, next up is the Senators.

Ottawa Senators

Current Cap Hit: $88,257,127 (over the $88MM Upper Limit)

Entry-Level Contracts

F Ridly Greig (one year, $863K)
D Tyler Kleven (one year, $917K)
F Zack Ostapchuk (two years, $825K)

Potential Bonuses
Kleven: $600K
Ostapchuk: $82.5K
Total: $682.5K

Greig has already signed an extension so we’ll cover him later on.  Ostapchuk has had his first extended NHL look this season but has primarily been limited to duty on the fourth line with very limited output.  He should be able to reach some of his games played bonuses but he’s likely heading toward a low-cost second contract barring a big uptick in his output and role next season.

Kleven is holding down a regular spot on Ottawa’s third pairing but his deployment has been limited thus far.  As a result, he’s not on track to reach his ‘A’ bonuses while his next contract should be a low-cost bridge deal although passing the $1MM mark isn’t out of the question.

Signed Through 2024-25, Non-Entry-Level

D Jacob Bernard-Docker ($805K, RFA)
F Nick Cousins ($800K, UFA)
G Anton Forsberg ($2.75MM, UFA)
F Adam Gaudette ($775K, UFA)
F Claude Giroux ($6.5MM, UFA)
F Noah Gregor ($850K, RFA)
D Travis Hamonic ($1.1MM, UFA)
F Matthew Highmore ($775K, UFA)
D Nikolas Matinpalo ($775K, RFA)
F Cole Reinhardt ($775K, UFA)

Giroux was brought in to be not only a veteran mentor to what was (and still is) a relatively young core group but also to be a key contributor in their top six.  Mission accomplished on both fronts.  He was third in team scoring in his first season and fourth in scoring last year.  At 37, he’s starting to slow down offensively but he’s still a top-six player, at least for now.  One of the big questions for next season as he heads into his next contract is how much longer he can play at that…