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.