TSN.ca reports (via RDS.ca) that Washington Capitals center Sergei Fedorov is set to forego re-signing with the Caps to take a two-year deal with Mettalurg Magnitogorsk in Russia's Kontinental Hockey League.
The deal is reported to pay Fedorov $3.8 million per year (he earned $4.0 million with the Caps this past season) and has the added benefit of allowing Fedorov to play with his younger brothers, Fedor, who played 18 games in the NHL with the Vancouver Canucks and New York Rangers (he last played in the NHL in the 2005-2006 season), and Evgeny, a former seventh round draft pick of the Los Angeles Kings (he did not play in the NHL).
Of course, the report should be taken with a grain of salt, because: a) it is based on Russian sources (not always reliable), and b) it contradicts
this report from Ryan O'Halloran over at the Washington Times just ten days ago indicating Fedorov's desire to return to the Capitals.