His firm, Terrace Investments, did not have the liquid assets to finance the expansion fee and the team, but the group conceived a strategy to leverage land development.

The new Senators were placed in the Adams Division of the Wales Conference and played their first game on October 8, 1992, in the Ottawa Civic Centre against the Montreal Canadiens with much pre-game spectacle.

The team traded many of their better veteran players of the era, including 1992–93 leading scorer Norm Maciver and fan favourites Mike Peluso and Bob Kudelski in an effort to stockpile prospects and draft picks.

[20] Before the end of January 1996, Gauthier had resolved the team's most pressing issues by settling star player Alexei Yashin's contract dispute, and hiring the highly regarded Jacques Martin as head coach.

That summer, the team also made substantial personnel changes, trading long-time players Patrick Lalime[39] and Radek Bonk,[40] and signing free agent goaltender Dominik Hasek.

Led by the 'CASH' line, goaltender Ray Emery, and the strong defence of Chris Phillips and Anton Volchenkov, the club defeated the Pittsburgh Penguins, the second-ranked New Jersey Devils and the top-ranked Sabres to advance to the Stanley Cup Finals.

[63] On Monday, January 24, The Globe and Mail reported that the plan included hiring a new general manager before the June entry draft and that Murray would be retained as an advisor to the team.

The trading of Fisher, a fan favourite in Ottawa, led to a small anti-Underwood backlash with the banning of her songs from the playlists of some local radio stations.

[71] Goaltender Anderson played very well down the stretch for Ottawa, and the team quickly signed the soon-to-be unrestricted free agent to a four-year contract.

In December 2011, the team acquired forward Kyle Turris from the Phoenix Coyotes in exchange for highly regarded prospect David Rundblad and a draft pick.

[80] The next season, Ottawa would be challenged to repeat the success they had in 2011–12 due to long-term injuries to key players such as Erik Karlsson, Jason Spezza, Milan Michalek and Craig Anderson.

The season began with a changing of leadership, as on September 14, 2013, the Ottawa Senators named Jason Spezza their eighth captain in franchise history.

[111] A season highlight was hosting the NHL 100 Classic game outdoors at the TD Place Stadium football field versus the Montreal Canadiens.

The Senators won the game 3–0, but the festival atmosphere was somewhat marred by owner Melnyk's controversial comments to the press about attendance levels and selling or moving the team.

Forward Derick Brassard and defenceman Dion Phaneuf were dealt at the trade deadline to the Pittsburgh Penguins and Los Angeles Kings, respectively.

Just before the regular season started, the Senators traded their captain, Erik Karlsson, to the San Jose Sharks for a large package of players and draft picks.

[114][115] After a miserable start to the 2018–19 season, the Senators were unable to re-sign forwards Matt Duchene, Mark Stone and Ryan Dzingel before the trade deadline.

In an attempt to create optimism, owner Melnyk famously stated: "The Senators will be all-in again for a five-year run of unparalleled success–where the team will plan to spend close to the NHL's salary cap every year from 2021 to 2025.

In contrast, fan favourite Mark Stone was traded to the Vegas Golden Knights in exchange for prospect Erik Brannstrom, forward Oscar Lindberg and a second-round pick.

[121] Meanwhile, the San Jose Sharks suffered an unexpected collapse that year which significantly benefited the Senators who had acquired their first-round draft pick in the Erik Karlsson trade.

At the start of the 2023–24 season, the NHL levied the forfeiture of a first-round pick due to negligence on the part of the Senators involving the trade of Evgeni Dadonov.

[139] On June 13, 2023, the Senators announced that a purchase agreement had been signed with a group of investors headed by Michael Andlauer, a Toronto businessman and part-owner of the Montreal Canadiens.

[156][157] As part of its bid to land an NHL franchise for Ottawa, Terrace Corporation unveiled the original proposal for the arena development at a press conference in September 1989.

[170] In 2011, in time for the Senators hosting the NHL All-Star Game, the team installed a new video scoreboard, known as the 'Bell HD' screen, made by Panasonic.

In 2016, the NCC settled on the proposal presented by Senators owner Eugene Melnyk and the RendezVous LeBreton Group partnership with Trinity Developments.

The Senators have their own theme song titled Trumpeters Cry, which is played as the team comes on the ice and is also used in Sens TV web videos.

[270][271][272] On radio, all home and away games are broadcast on a five-station network stretching across Eastern Ontario, including one American station, WQTK in Ogdensburg, New York.

In April 2014, Dean Brown, who had called play-by-play for Senators games since the team's inception, stated that it was "extremely unlikely" that he would move to TSN and continue his role.

He noted that the network already had four commentators among its personalities – including Gord Miller, Chris Cuthbert, Rod Black, and Paul Romanuk (who was, however, picked up by Rogers for its national NHL coverage in June 2014), who were likely candidates to serve as the new voices of the Senators.

After Cuthbert joined Sportsnet in 2020, former Canucks radio voice Jon Abbott took over as the secondary play-by-play commentator in games where Miller is assigned to call the Maple Leafs.