That, of course, is a steal for what the 37-year-old still provides.
It's also going to allow him to (most likely) finish his career with the Red Wings, the only team he's played for -- and won four Stanley Cups with -- since being selected in the 10th round (No. 257 overall) of the 1994 draft.
Holmstrom has been a holy terror for goalies throughout his 13-year career, planting himself in front of the net and becoming one of the best -- if not the best -- power forwards in the NHL. Injuries have been a problem throughout the past couple of seasons, limiting him to just 180 of a possible 246 games over the past three seasons.
Most of his goals are scored from his office (see below), located directly in front of -- and as close as possible -- to the opposing goalie. Over the last two years, 30 of his 39 goals have been scored in this area (21 of which have come on the power play).
With Holmstrom's contract now completed, the Red Wings available cap space for next season shrinks down to about $6 million (and that includes the expected $2 million increase in the cap). According to Ansar Khan of mLive.com, general manager Ken Holland's next target among his remaining unrestricted free agents is Todd Bertuzzi.