Both ESPN & TSN are reporting Hossa and the Red Wings have agreed on a 1-year deal for $7.4M.

He reportedly turned down both a $9M/year offer from Edmonton as well as a 5-year deal from Pittsburgh for over $35M.

We've certainly improved in the past 24 hours, but this is a solid response by Detroit.  This was the last place I would hope he'd end up. 

Here is the link:

http://sports.espn.go.com/nhl/news/story?id=3470849