Forsberg returns to NHL with Avalanche

The Colorado Avalanche have won the 'Peter Forsberg sweepstakes', signing the centre to a one-year deal to return to the team for the rest of the season.

"We're proud to announce to our fans that Peter Forsberg has decided to come back and play with our franchise where he's enjoyed so much success early in his career," said Avalanche Executive Vice President and General Manager Francois Giguere in a statement. "His addition should complement our roster and will bring our team to an even higher competitive level."

Sources tell TSN Forsberg will earn $5 million (US) prorated for the remainder of the season, approximately $1 million.

Forsberg spent most of the 2007-08 season recovering from his foot and ankle injuries and said last week it was 'uncertain' that he would return to the NHL.