The Edmonton Oilers acquired the two-time Norris Trophy winner from the Chicago Blackhawks in exchange for defenseman Caleb Jones and a third-round pick, through Sportsnetd’Elliotte Friedman.
No salary was withheld in the deal for Keith, who still has two years on his 13-year, $ 72 million contract and has a cap of $ 5,538,462.
The exchange, rumored to have been around since the end of June, allows the 37-year-old to get closer to his son who lives in Western Canada.
Keith has seen his game consistently drop to the top of the league with his offensive numbers steadily dropping over the past three seasons to a low of 15 points in 54 games last season.
However, the Oilers are likely counting on Keith to bring intangibles to their blue line group, in addition to showing off the skills that made him famous.
The Winnipeg native helped the Blackhawks win their three Stanley Cups in 2010, 2013 and 2015, winning the Conn Smythe in their last championship run.
During his 16-year career, he also played four all-star games and amassed 625 points in 1,192 regular season games.
In Jones, brother of Columbus Blue Jackets star Seth Jones, the Blackhawks receive a 24-year-old D-man who tallied four points in 33 games for the Oilers last season.