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Gionta was named the 19th full-time captain of the Sabres on Tuesday.
Gionta has signed a three-year, $12.75 million deal with the Sabres, according to John Vogl of The Buffalo News.
Montreal's trade for right-winger P.A. Parenteau probably means the Canadiens will not re-sign Gionta, who is an unrestricted free agent, the Montreal Gazette reports.