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Bailey was traded along with Dion Phaneuf and three others to the Senators on Tuesday for Milan Michalek, Colin Greening, Tobias Lindberg and a draft pick.
The undrafted Alaskan winger played a star turn with Penn State last year ago into a contract with the Leafs, but his AHL productivity has been nothing to write home about -- just four goals and 14 assists in 38 games. He'll most likely join AHL Binghamton in the Sens' organization.
