In a roundabout way, the Ottawa Senators traded Alexei Kovalev for Marek Svatos, a sixth or seventh rounder in the 2011 draft and a nice chunk of change this afternoon. The Senators made a waiver claim for Svatos today after the Nashville Predators placed the marginal winger on waivers on Wednesday.
While the two contracts are prorated at this point, it’s still easy to guess that the Senators are saving some serious dough by exchanging Kovalev’s $5 million annual salary for the $800K deal Svatos signed with the Predators. My rough estimates dictate that Kovalev is owed about $1.21 million for the remainder of 2010-11 while Svatos will make about $193,500 or so for the rest of the season. (Cap figures according to CapGeek.com, but I did the math … for better or worse.)
This comprises the only waiver wire pickup of the day, as Nikolai Zherdev, Craig Rivet, Ales Kotalik and Jeremy Colliton went unclaimed.