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BOBBY RYAN RE-SIGNS, 7 YEARS, AAV $7.25M

This morning, Senators owner Eugene Melnyk announced that pending UFA Bobby Ryan has re-signed with the team.

Suck it, Philly!
Suck it, Philly!
Eric Hartline-USA TODAY Sports

With the news that Senators owner Eugene Melnyk would be making a "significant hockey announcement" shortly after 9 am this morning, the speculation began. New ownership, outdoor games, and new captain were the most common suggestions until noted hockey insiders got in on the act:

Whoa.

Despite suggestion he wanted to see how things went this season before committing, Ryan doesn't want to try free agency. It also shows how rare it is for star UFAs to reach free agency. You can debate how Ryan will play in the final couple of years of that contract, but for obvious reasons, the Sens needed to get this deal done. Inking Ryan for market value is huge and eliminates a huge distraction this season.

More to come.