Sergei Fedorov is going home.
The Washington Capitals forward is leaving the NHL after signing a two-year deal with Metallurg Magnitogorsk of Russia's Kontinental Hockey League, agent Pat Brisson told The Canadian Press on Thursday.
The move reunites Fedorov with his younger brother Fedor, who played parts of three seasons in the NHL and spent last season with Nizhnekamsk Neftekhimik of the KHL.
"I spoke with Sergei this morning," Brisson said. "He's indicated to me that he is finalizing everything in order to join his brother in the KHL this summer.
"It's a dream for his dad as well."
A source with knowledge of the deal said it was worth US$4 million per season.
Fedorov was in the final year of a contract that paid him $6.08 million, and he was set to become an unrestricted free agent on July 1.
Fedorov had 11 goals and 22 assists in 52 games with the Capitals last season, and had served as a mentor to two-time Hart Trophy winner Alexander Ovechkin during his time in Washington.
The native of Pskov, Russia was originally drafted in the fourth round (74th overall) by the Detroit Red Wings in 1989. One of the first young players to come to the NHL from Russia, Fedorov recorded 483 goals and 696 assists in 1,248 regular-season games with the Red Wings, Anaheim Ducks, Columbus Blue Jackets and Capitals.
Fedorov's best season came in 1993-94, when he took home MVP honours after leading the league with 120 points (56 goals, 64 assists). He also took home the Selke Trophy as the league's top defensive forward in 1994 and 1996, and won Stanley Cups with Detroit in 1997, 1998 and 2002.
Fedorov is the latest NHLer to bolt for the KHL, following the departures of stars like Jaromir Jagr, Martin Straka, Alexander Radulov and Ray Emery.