According to Capitals Insider :
According to three reports out of Russia this morning, Sergei Fedorov's NHL career is officially over. The 39-year-old ended more than a month of speculation about his future and has reportedly signed a two-year deal with Metallurg Magnitogorsk of the KHL.
The deal is reportedly for two years at $3.8 million per season.
Magnitogorsk has also announced the signing on their Web site. [It's in Russian so I'm assuming that Capitals Insider had it translated for them - for all I know the "report" is an advertisement for a local circus]
In other Capitals news, Donald Brashear's days with the team may be numbered. Brashear who will be a UFA on July 1st told The Washington Post that he has not been offered a contract extension by the Capitals and that he expects to hit the open market next week. [Link]