via Elliotte Friedman tweets,

At a corporate event last night in Toronto, OTT owner Eugene Melnyk outlined the Senators’ hockey operations plans for the next few years

Melnyk: “the expectation is that the Senators rebuilding plan will take another season or two from now, but when his general manager confirms that the Senators have all the pieces of the foundation in place, he made the following pledge to the guests in attendance”

“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.”

Melnyk “reiterated that the Senators’ current rebuild is a blueprint on how to bring the Stanley Cup home to its rightful place in Ottawa.”