The Senators were actively shopping Kuba this season, but were unable to come to terms on a deal with another team. As a result, GM Bryan Murray took him off the market in late-February, prior to the trade deadline.
In 73 games this season, Kuba registered six goals and 26 assists for 32 points, the third-highest point total of his career.
Kuba is one of three defensemen on Ottawa's roster who can hit UFA status this July, joining Matt Carkner and Matt Gilroy.
Carkner is expected to be brought back, though Kuba and Gilroy are likely to walk as free agents.
Murray's priority this off-season will be signing All-Star defenseman Erik Karlsson to a new long-term contract. He could look to replace Kuba with a younger, cheaper option in the backend.