Legwand announced his retirement from the NHL on Thursday.
Legwand has not scored since Nov. 27, and has just eight points in 39 games thus far this season.
Legwand scored his first goal of the season late in the second period Monday against St. Louis.
Legwand will not play against Toronto on Wednesday, reports Bill Hoppe of the Olean Times Herald.
He will probably be in the 40-50 point range, making him a borderline player to be drafted. There are better options on draft day.
The signing of David Legwand should take away some pressure from Kyle Turris and Mika Zibanejad.
Legwand believes he can serve as the team's second-line center and GM Bryan Murray likes his versatility. "David is a good veteran center, a guy who skates pretty well and gets up and down the ice," Murray said in an audio statement. "He's an experienced guy who can fit in either at the top or bottom of the lineup. He has been a captain and a leader, so we know we're getting a good person." Legwand generated 14 goals and 51 points in 83 games between Nashville and Detroit last campaign.
There is a chance that newly-signed center David Legwand could play alongside winger Bobby Ryan this upcoming season.
Clarke MacArthur, the Sens' other natural left winger has developed chemistry with top pivot Kyle Turris, so it seems logical that the club's other top port-sider would line up with Legwand, who is slated to be Ottawa's second-line center. Although neither is a star, the Legwand-Ryan duo could be surprisingly effective.
Legwand played the first 956 games of his career with the Nashville Predators before going to his hometown Red Wings at the trade deadline last season. He finished with 51 points (14 goals) in 83 games.
The Ottawa Senators have signed David Legwand to a two-year, $6 million contract.
Legwand had 14 goals and 51 points in 83 games with Detroit and Nashville last season. He can't hope to fill the void left by Jason Spezza, but he is a solid top-two center and is actually something of a bargain at that price. He will earn $2.5 million next season and $3.5 million in 2015-16.
David Legwand remains a coveted commodity on the NHL unrestricted free agent market despite having not signed a deal in the initial 36-hour frenzy.
Legwand is a bulky and experienced two-way center, and although his offensive numbers are not anything to rave about, the 33 year-old veteran plays responsible defense and still notched 51 points last season. TSN's Aaron Ward reports 8-10 teams are interested in Legwand's services, while the Maple Leafs are scrambling to replace Dave Bolland and Jay McClement, who both signed elsewhere.