Veteran Ottawa defenseman Chris Phillips is off the trade market, having signed a three-year contract extension with the Senators on Sunday night.
He'll earn $2.75 million next season and $3.25 million each of
the following years.
"Both on and off the ice, Chris embodies what we want from a Senators player, and we're proud that he'll remain a Senator for life," general manager Bryan Murray said in a statement.
Phillips, 32, is a quality stay-at-home defenseman, but has struggled this season, as have the Senators as a whole, who are last in the Eastern Conference.
Phillips has one goal and four assists in 62 games this season, with an abysmal minus-25. In 925 career games (all with Ottawa) he has 60 goals and 173 assists, with a plus-83.
Phillips, an alternate captain the past five seasons, would have become an unrestricted free agent July 1. He is making $3.5 million this season.
Information from ESPN.com's Pierre LeBrun and The Associated Press was used in this report.