Gerber went unclaimed when he was placed on waivers on Thursday after being sent to the minors on a conditioning stint Jan. 15.
General manager Bryan Murray said this week that one team had shown interest, but that if no deal was made by Tuesday, Gerber would be assigned to the AHL club.
That deadline passed and Gerber was sent down.
Gerber is earning $3.7 million -- with more than $1 million remaining to be paid this season -- in the final year of a three-year free-agent deal signed in 2006.
The Swiss goaltender who joined the club after helping Carolina win a Stanley Cup in 2006 was edged out by Ray Emery as the Senators starter in the 2006-07 season.
The 34-year-old Gerber is 4-9-1 this season with a 2.86 goals-against average and a .899 save percentage in 14 games. He last saw NHL action in a 6-4 loss in Boston on Jan. 8.
Copyright 2009 by The Associated Press
MORE NHL HEADLINES
- Rangers' Lundqvist wins 300th, blanks Wings
- Kings cruise past Oilers for 7th straight win
- B's tame Panthers, season-best streak at 5
- Stars call up goalie with Lehtonen in limbo
MOST SENT STORIES ON ESPN.COM
- Franklin Ottawa Senators Kids' Uniform Set
- NHL Home
- Carolina Hurricanes
- Columbus B. Jackets
- New Jersey Devils
- New York Islanders
- New York Rangers
- Philadelphia Flyers
- Pittsburgh Penguins
- Washington Capitals
- Boston Bruins
- Buffalo Sabres
- Detroit Red Wings
- Florida Panthers
- Montreal Canadiens
- Ottawa Senators
- Tampa Bay Lightning
- Toronto Maple Leafs