[Scroopy Noopers]

Originally Posted by midniteowl

If I remembered correctly, both him and Paul Kariya did that, they both signed a $1M 1 year contract with Colorado which didn't work for them.

Just Kariya did. Although Selanne opted out of his final year worth $6.5mil.

On July 3, 2003, the Avalanche announced the signing of Kariya and Selänne to one-year contracts. In order for the team to afford both players, Kariya took an $8.8 million pay cut from his $10 million salary with Anaheim the previous year, marking the highest decrease in compensation for a player in NHL history. At $1.2 million, his salary was below the NHL average, ensuring he would have the freedom of unrestricted free agency at the end of the season. Selänne, meanwhile, signed for $5.8 million.[125] Their deals were partially facilitated by goaltender Patrick Roy's retirement, which freed up $8.5 million in salary.[126]