MLive.com and the Macomb Daily report the deal is worth $1.85 million. Gustavsson made $1.5 million in 2013-14, the second year of a two-year deal.
Gustavsson has spent the past two seasons backing up Jimmy Howard in Detroit. He was 16-5-4 in 2013-14 with a 2.63 goals-against average and a save percentage of .907. He was 0-2 with a 2.71 GAA and a .917 save percentage against the Boston Bruins in the Stanley Cup Playoffs.
The 29-year-old Swede has a 57-52-20 career record in 141 games for the Red Wings and Toronto Maple Leafs. He was eligible to become an unrestricted free agent on July 1.
He's, believe it or not, actually one of my favorite guys, and I've ended up trading him twice. I appreciate what he's done. He was one year away from being an unrestricted free agent, and I felt with this opportunity, that it was a chance that we were able to get somebody for him in Nick Bonino and Adam Clendening.
— Penguins GM Jim Rutherford on forward Brandon Sutter