Cody Hodgson signed a one-year, $1.05 million contract with the Predators on Wednesday, Adam Vingan of The Tennessean reports.

Hodgson signed a one-year, $1.05 million contract with the Predators on Wednesday, Adam Vingan of The Tennessean reports.

Analysis:

Last season, the Predators cashed in on a low-risk, high-reward signing in Mike Ribeiro, and it looks like they're hoping on following that template again with Hodgson. Once viewed as a key member of the Sabres' rebuild, Hodgson was never able to get on the same wavelength with coach Ted Nolan last season, resulting in a stark decline in his ice time and offensive productivity (six goals, 13 points in 78 games). After having his contract bought by the Sabres a day earlier, Hodgson will now look to rehabilitate his value in Nashville, where he should have the good fortune of playing next to a far greater pool of talent than in Buffalo. This deal could be a steal for the Preds.