Cullen to Ottawa for Picard and 2nd

The first big deal of the day sees the Ottawa senators trade for veteran centerman Matt Cullen from the Carolina Hurricanes in return for young defenseman Alexandre Picard and a second round pick. Bob Mackenzie has confirmed the trade via his twitter account. The deal comes on the heels of a Bryan Murray contract extension announced this morning at a press conference.

The deal could seem costly for the Sens, who, while in constant need of depth up front, lose an excellent young defenseman in the process. Twenty-four year old Picard has 4 goals and 11 assists in 45 games with the Sens this year, with a -2 rating, and has constantly improved every season he's spent in the league since he was drafted by the Flyers in 2003.

Cullen has 12 goals and 40 points in 60 games with the Hurricanes this season. The 33 year old center has played 11 seasons and 859 games in the NHL with the Ducks, Canes, Panthers and Rangers, accumulating 453 points and a Stanley Cup ring in the process. He provides experience and secondary scoring for an Ottawa team looking to make a run in this year's playoffs.

Stay logged in to TCL for all the breaking trades in today's ''mini deadline''