Search Results
| Date | Team | Acquired | Relinquished | Notes |
| 1994-06-14 | Senators | • Bruce Gardiner | signed free agent | |
| 1994-06-14 | Senators | • Michel Picard | signed free agent | |
| 1994-06-20 | Senators | • Corey Foster | signed unrestricted free agent | |
| 1994-06-21 | Senators | • Pat Elynuik | signed free agent (from Lightning) | |
| 1994-06-22 | Senators | • Lance Pitlick | signed unrestricted free agent | |
| 1994-06-25 | Senators | • Jim Paek | • 1995 seventh round pick (#157-Benoit Larose) | trade with Kings |
| 1994-06-28 | Senators | • Mark Michaud | player became an unrestricted free agent | |
| 1994-06-28 | Senators | • Sean Hill • 1994 ninth round pick (#210-Frederic Cassivi) |
• 1994 third round pick (#55-Vadim Epanchintsev / Vadim Yepanchintsev) | trade with Mighty Ducks |
| 1994-06-28 | Senators | • Steve Guolla | supplemental draft pick | |
| 1994-06-28 | Senators | • Andrew McBain | player became an unrestricted free agent | |
| 1994-06-28 | Senators | • Brad Lauer | player became an unrestricted free agent | |
| 1994-06-28 | Senators | • Dan Quinn | player became an unrestricted free agent | |
| 1994-06-28 | Senators | • Gord Dineen | player became an unrestricted free agent | |
| 1994-06-28 | Senators | • Graeme Townshend | player became an unrestricted free agent | |
| 1994-06-28 | Senators | • Mark LaForest | player became an unrestricted free agent | |
| 1994-06-28 | Senators | • Radek Bonk | 1994 NHL entry draft first round pick (#3 overall) | |
| 1994-06-28 | Senators | • Stanislav Neckar / Stan Neckar | 1994 NHL entry draft second round pick (#29 overall) | |
| 1994-06-29 | Senators | • Bryan Masotta | 1994 NHL entry draft fourth round pick (#81 overall) | |
| 1994-06-29 | Senators | • Daniel Alfredsson | 1994 NHL entry draft sixth round pick (#133 overall) | |
| 1994-06-29 | Senators | • Mike Gaffney | 1994 NHL entry draft sixth round pick (#131 overall) | |
| 1994-06-29 | Senators | • Doug Sproule | 1994 NHL entry draft seventh round pick (#159 overall) | |
| 1994-06-29 | Senators | • Danny Dupont | 1994 NHL entry draft ninth round pick (#211 overall) | |
| 1994-06-29 | Senators | • Frederic Cassivi | 1994 NHL entry draft ninth round pick (#210 overall) | |
| 1994-06-29 | Senators | • Steve MacKinnon | 1994 NHL entry draft tenth round pick (#237 overall) | |
| 1994-06-29 | Senators | • Antti Tormanen | 1994 NHL entry draft eleventh round pick (#274 overall) |
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