P.K. Subban is on the move again.
The Predators are not retaining any salary in the deal, Devils general manager Ray Shero confirmed to NHL.com's Dan Rosen.
Subban has three years remaining on his contract with a cap hit of $9 million, according to CapFriendly.
Nashville general manager David Poile explained his rationale shortly after the deal was consummated and hinted at potential further movement.
"We had to make a business decision," the GM said, according to Predators digital manager Thomas Willis. "With an aim at strengthening our forward corps this offseason, and the continued strength of our defensive group, we felt it was necessary to clear up salary cap space this way."
Subban played three seasons with the Predators after the Montreal Canadiens traded him to Nashville for Shea Weber in June 2016.
The 30-year-old spent seven seasons with the Canadiens and won the Norris Trophy as the NHL's top defenseman in 2013.