Elias signed a three-year, $16.5 million deal that carries an annual average value of $5.5 million, according to Tom Gulitti of the Bergen Record.
The 37-year-old forward finished out the final-year of a seven-year, $42 million contract in 2013 and became an unrestricted free agent this summer. Originally chosen with the No. 51 overall selection by the Devils in the 1994 NHL Entry Draft, Elias has spent the entirety of his career with the club.
Over the course of 1,090 career regular season games, Elias has registered 930 points (375 goals and 555 assists). He is the franchise's all-time leader in goals, assists and points. He's also the franchise leader in playoff goals, playoff assists, playoff points, hat tricks and points in a single season. In addition, he was a member of the Devils Stanley Cup winning teams in 1999-2000 and 2002-03.