The Ottawa Sun is reporting that the final chapter of the Dany Heatley trade demand saga has finally come to an end. Sens owner Eugene Melnyk had filed a grievance against Heatley and his agent J.P. Barry, which was being defended by the NHLPA, aleging financial losses from Heatley's refusal to waive his no trade clause to accept a trade the club had worked out to the Edmonton Oilers. The grievance, filed in 2009, had been moving towards arbitration prior to the settlement.

Upset that he shelled out more than $14 million to Heatley in a span of $12 months, the Sun was first to report in November 2009 that Melnyk was trying to get a portion of his money back from the bonus that was paid.

Sources say Melnyk contends in the paperwork filed at the NHL’s New York headquarters, that Heatley’s camp — including agents J.P. Barry — gave the Senators permission to speak with the Oilers and the two-time, 50-goal scorer should have accepted the deal to Edmonton.

It’s believed Melnyk not only claimed the decision by Heatley to kill the deal cost him $4 million, it also hurt the club’s ability to sell season tickets because of the uncertainty in the Senators camp.

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