According to mulitple media reports, it is a five-year deal, worth $23.5 million.
Lecavalier was bought out by the Lightning last week with seven years and $45 million still left on his deal. Lecavalier becomes an unrestricted free agent on Friday.
Tampa Bay will have to pay Lecavalier $32.67 million in the buyout. The buyout includes an $8 million bonus that had to be paid out in full. The remaining salary is paid out at two-thirds, $24.67 million over the next 14 years.