DETROIT (AP) — Marian Hossa could have gotten a multiyear deal for big money and a smaller chance at an elusive Stanley Cup ring. One year in Hockeytown turned out to be a much better offer.

Hossa, one of the top forwards available on the NHL free agent market, agreed to terms on a one-year, $7.45 million deal with Detroit on Wednesday. It was the Red Wings who beat Hossa and the Pittsburgh Penguins in six games during the Stanley Cup finals last month.

The Penguins tried to keep him in alongside young superstars Sidney Crosby and Evgeni Malkin, but the opportunity for a title lured Hossa away.

Hossa left the Penguins on Wednesday, but Pittsburgh finally announced the long-speculated re-signing of young star Evgeni Malkin, who agreed to a five-year extension worth $43.5 million — a deal comparable to one signed by teammate Sidney Crosby that kicks in next season.