The Senators are on the verge of cashing in on their valuable broadcast rights.

League sources told the Ottawa Sun the Senators are just dotting the i's and crossing the t's and the club is close to announcing a historical, long-term deal for the local television and radio rights.

An announcement should be made in the coming days.

While the current TV rights are held by Sportsnet and radio games are on TSN 1200, both agreements expire at the end of the season. There has been a bidding war for the club's local package between the two broadcasters.

It is not known which side has won the bidding but the agreement should be in place by midweek. The competition between TSN and Sportsnet for Ottawa's rights heated up after Rogers signed a 12-year, $5.2 billion agreement to take over the national broadcasts.

A report out of Montreal indicated RDS is paying a whopping $68 million per-year for the rights to 60 games and no playoffs. The Senators local rights won't be worth as much but sources say the price paid will increase significantly.

It's believed the Senators are the only Canadian team with local and tv radio rights expiring at the end of this season.

bruce.garrioch@sunmedia.ca

Twitter: @sungarrioch