It looks as though Chris Phillips has been taken off the trade deadline market with a late contract extension agreed upon on Sunday night. Phillips and the Senators have reportedly agreed to a 3-year deal, worth $9.25 million, which will work out to be a shade under $3.1 million for a cap hit per year. The deal is also supposed to include a no-movement clause and a limited no-trade clause, which keeps the ball in his court for the duration of the deal.
Phillips, considered to be more of a shutdown defenseman, has not had the offensive or defensive numbers that the team would prefer, but there have been a lot of changes in Ottawa, which has made it tough on the veteran rearguard to keep really good statistics.
In 62 games this season, Phillips only has 1 goal and 4 assists to his credit, which has him ranked quite poorly in the overall ranks.
Now that the Senators are in rebuilding mode, they can at least take some solace in they already have a shut down defenseman to work with, but his role can only see success if the rest of the team is working well with him. I can't see this signing looking very good a couple seasons from now, especially for what the Senators may have received in selling him. I'm not a big fan of this deal from Phillips' standpoint at all.