Cannone, 26, has played the past three seasons for the Senators' American Hockey League affiliate in Binghamton. He had 10 goals and 25 points in 2012-13 following a 19-goal, 43-point effort the previous season.
Cannone signed with Ottawa as an undrafted free agent after a four-year collegiate career at the University of Miami (Ohio).
I've got a lot of experience and there's a lot of young guys. It's even making me excited a little more. It's kind of a new life. At my age, I feel like I know a lot of things what to do, but I just cannot do it anymore. It's a lot easier to tell them what to do because they've still got the legs and hands to do it. I just know things, but I cannot do them anymore.
— Jaromir Jagr after making his Panthers debut in a win against the Sabres on Saturday