"Dion brings to our club a great deal of experience and leadership," Kings general manager Rob Blake said.
"He also plays with a physical edge, which complements our lineup well." The 32-year-old Phaneuf was pulled from Ottawa's bench during a 6-3 loss at the Pittsburgh Penguins with the trade being finalized afterward.
Nonetheless, he was able to select Dion with Calgary's first selection in the draft.
Los Angeles acquired the veteran defenceman and forward Nate Thompson from the Ottawa Senators on Tuesday night for forwards Marian Gaborik and Nick Shore.
The Senators are retaining 25 per cent of Phaneuf's $7 million salary-cap hit, so the Kings get a top-four defenceman for $5.25 million over the next three-plus years.
Phaneuf signed this $49 million, seven-year contract when he was with Toronto on New Year's Eve 2013. "For me, it's a business decision that the Ottawa Senators wanted to move me, and I respect that."To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses.
He elected not to waive his no-movement clause last summer to be left unprotected in the Vegas Golden Knights expansion draft, a decision that cost the Senators defenceman Marc Methot. Please note that CBC does not endorse the opinions expressed in comments.
Dion's development earned him comparisons to Hall of Famer Scott Stevens, as he was lauded by scouts for his physical style and ability to excel both defensively and offensively.
Then-Calgary Flames General Manager Darryl Sutter valued him so highly in the 2003 NHL Entry Draft that he attempted to trade up from his ninth overall selection in the Draft, though to no avail.
He made his NHL debut on October 5, 2005, against the Minnesota Wild.
Five nights later, he scored his first career goal, assist and points against the Colorado Avalanche.
He scored 56 points in 55 games to finish his junior career with 146 total points.
He repeated as the WHL's Defenceman of the Year, and was again named to both WHL and CHL All-Star Teams.
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