The Edmonton Oilers have signed defenseman John Klingberg to a one-year deal worth $1.35 million on Friday — $1 million plus a $350K signing bonus. But, it’s not as simple as just saying his cap hit is $1.

UFA defenseman John Klingberg is joining the Edmonton Oilers in a comeback from hip surgery after a handful of teams were reportedly interested in him.

EDMONTON, AB – The Edmonton Oilers announced Friday they have agreed to terms with free agent defenceman John Klingberg on a one-year contract. The 32-year-old blueliner has seen action in 633 NHL games over 11 seasons with the Dallas Stars, Anaheim Ducks, Minnesota Wild and Toronto Maple Leafs, recording 81 goals and 331 assists for 412 points.

Moments ago, NHL insider Elliotte Friedman broke the news that the Edmonton Oilers have signed 32 year old defenceman John Klingberg to a contract. The Oilers had been reported as the heavy favourites to land the veteran Swedish defenceman,

Klingberg had been attempting to resurrect his NHL career after spending more than a year working his way back from injury.

The Oilers have won 19 of their past 24 games and are fourth in the NHL by points percentage. Members of the front office have been looking to improve the roster — like they did when they claimed Kasperi Kapanen off waivers in November — all while keeping financial flexibility ahead of the trade deadline.

The Edmonton Oilers’ one-year deal with John Klingberg is official with details of his contract now coming out. According to TSN’s Darren Dreger, who was first to break the news and was all over it this week,