Senators reward Schaefer with four-year, $8.4M deal

Updated: July 28, 2006, 2:51 PM ET
Associated Press

OTTAWA -- Peter Schaefer, coming off the best season of his seven-year NHL career, agreed to a four-year, $8.4-million contract with the Ottawa Senators.

Schaefer, who earned $988,000 last season with the Senators, will earn $1.7 million next season and $2.1 million, $2.3 million and $2.3 million in the remaining seasons of the new pact.

The 29-year-old left winger posted career highs in goals (20), assists (30) and penalty minutes (40) while playing all 82 games last season, his third with the Senators.

Copyright 2006 by The Associated Press