The announcement came five days after the Blue Jackets traded defenseman Marc Methot to the Ottawa Senators in order to acquire the 24-year old Buffalo native. Foligno will receive $2.5 million in 2012-13, $3 million in 2013-14 and $3.75 in 2014-15.
Taken with the No. 26 overall selection in the 2006 NHL Entry Draft by the Senators, Foligno has spent his entire career in Ottawa accumulating 61 goals, 87 assists and 148 points in 351 career games over five seasons.
In 2011-12, Foligno recorded career highs in every major offensive category registering 15 goals and 32 assists for 47 points.