The Ottawa Senators are feeling that veteran defenseman Chris Phillips is a necessary cog for their future rebuilding plans.
The 32-year-old Phillips signed a three-year contract extension late Sunday night to remain a Senator. The deal is believed to be for close to $9 million.
With plenty of speculation over the last few weeks that Phillips would be the next player traded away from Ottawa as part of GM Bryan Murray's purge on salaries, there was said to be some interest by other clubs looking to add to their blue line as the trade deadline approached.
Phillips, who has played his entire career in an Ottawa uniform, has played 925 games and added 233 career points.
Currently this season, Phillips has five points and 32 penalty minutes. The native of Calgary, Alberta was the Senators' first selection, first overall in the 1996 NHL Entry Draft.
With articles featured on NHL.com and CBSsports.com, Mike MacDonald is a Featured Columnist for Bleacher Report covering the Nashville Predators and the NHL.