Per TSN: The Atlanta Thrashers have traded defenceman Mathieu Schneider and a conditional draft pick in 2009 (based on how well Montreal does in this season's playoffs) to the Montreal Canadiens in exchange for second (2009) and third round (2010) picks.
The Thrashers clear cap space and continue to pile up on draft picks. They know that they aren't going to make the playoffs - they are sellers for sure (look for other players to also be moved such as Colby Armstrong, Niclas Havelid & Slava Kozlov).
The Habs who have been struggling (3-7, in their last 10) bring back Schneider for his second stint in Montreal. “We were looking for a defenseman who could contribute offensively. Mathieu, an experienced player with a lot of offensive upside, will bring depth to our core group of defensemen and will be an asset on our powerplay,” said Bob Gainey. That's exactly what the Thrashers said at the beggining of the season when they made a trade with the Anaheim Ducks for him. However, Schneider has had a disappointing season so far in Atlanta & both he and the Canadiens hope that he can turn it around.
Good trade for both teams, they are heading in two different directions, each have a different set of goals heading into the NHL trade deadline.