Lets be honest here. Based on the Senators performance so far this season it does not look like a playoff bound team. Sure we currently hold down a playoff spot with games in hand but, based on our winning percentage spread over the full season we can expect to miss the playoffs this year unless there is a bit of a turn around over then next month or two. Even if we make the playoffs does anyone really believe we'll make some noise this season?
I can't tell you what will happen and can only give you my opinion on the situation. I would personally hate to see Volchenkov go but he is a very valuable asset that could bring back pieces that are sorely missed in the prospect cupboard. There is very little in the way of true top end first line forward talent in the Senators system right now and I believe that a playoff team, looking for that last key piece, would be willing to give that up for a shot this year in a trade for Volchenkov.
Assuming we hold onto Volchenkov he will likely be signed for at least 4 years for somewhere around 4 Million per season. That cap hit plus his roster spot will handcuff the Senators somewhat. Our D with Volchenkov.
Phillips - Volchenkov
Kuba - Karlsson
Cowen - Carkner
What do we do with Lee, Campoli & Picard. You can make Lee or Carkner your 7th D but then you still have Campoli and Picard to deal with. Then in a couple years you'll also have Wiercioch looking for a roster spot. You could manage by not re-signing Kuba I suppose.
Now if you move Volchenkov and get that Blue chip forward you save a big chunk on the Cap and you've got a guy that could come in either next season or the season after and step right into the top 6 without missing a beat most likely. Then you have a D that looks more like this or some variation of this.
Kuba - Karlsson
Phillips - Campoli/Picard
Cowen - Lee
7th D - Carkner
In this scenario you only have one D man to decide on whether to trade or walk away from. Will it be Picard or Campoli? You also have a very good and very cheap D core for the next few years. Just enough time to make a real run at the Cup.