The Detroit Red Wings matched Carolina's offer to Sergei Fedorov on Thursday, less than an hour after an arbitrator sided with the Hurricanes in their dispute with the NHL on the validity of the $38-million, six-year deal.
Fedorov, who helped the Red Wings win the Stanley Cup last year but hasn't played a game for them all season, said in a statement that he will take the offer and play for Detroit.
"While I am returning to the Red Wings with a desire to win another Stanley Cup, I want to add that I have the utmost appreciation and respect for the Carolina Hurricanes," Fedorov said. "Their desire to bring me to their team will never be forgotten. I wish them every success in the future."
Arbitrator John Sands ruled earlier Thursday that Carolina's offer sheet did not violate the league's collective bargaining agreement. The NHL had challenged the deal because it offered Fedorov a $12-million bonus if his team reaches the conference finals this year.