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According to ESPN.com, Forsberg agreed to a $5 million, one-year deal Monday with the Colorado Avalanche.  The deal is prorated over the rest of the NHL season for about $1 million

This is after an announcement from his agent, Don Baizley, less than one week ago that he would not return to the NHL this season. Baizley said, “The prospect of Peter having enough confidence in the foot-skate issue to commit to being able to play in the NHL this season isn’t where it needs to be at this moment”

Two days later, Forsberg re-opened the sweepstakes for his services, as he was quoted in the Philadelphia Daily News telling Swedish national television, “The foot doesn’t feel 100 percent, but there is still a week left until the deadline.”

Now, he returns to the team where he won Stanley Cups in 1996 and 2001

The Avalanche are currently in 10th place in the Western Conference, 4 points behind Forsberg’s last team, 8th place Nashville. The Avs are certainly hoping that the signing of their former star will catapult them into the playoffs, and with better results than his mediocre run last year with the Predators.

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