Bruins sign US Olympic captain Brian Gionta

FILE - In this Feb. 20, 2018, file photo, Brian Gionta, left, of the United States, is checked by Tomas Starosta, of Slovakia, during the third period of the qualification round of the men's hockey game at the 2018 Winter Olympics in Gangneung, South Korea. When the Olympics are over, hockey players are all going back to their day jobs, some more glamorous than others. Giontas trying to get back in the NHL. (AP Photo/Julio Cortez, File)

BUFFALO, N.Y. (AP) Brian Gionta is returning for a 16th NHL season after the Boston Bruins signed the United States Olympic team captain to a one-year $700,000 contract.

The Bruins announced the signing on Sunday, a few hours after they acquired veteran forward Rick Nash in a multiplayer trade with the New York Rangers.

Gionta joins the Bruins after competing at the Pyeongchang Winter Games, where the U.S. was eliminated following a 3-2 shootout loss to the Czech Republic in the quarterfinal round on Tuesday. The 39-year-old held off signing with an NHL team in free agency last summer in order to pursue an opportunity to compete at the Olympics.

Gionta spent the previous three seasons as captain of the Buffalo Sabres. He was also captain of the Montreal Canadiens, and won a Stanley Cup with New Jersey in 2003.

Overall, he has 289 goals and 588 points in 1,006 NHL games.

The Bruins are in Buffalo to play the Sabres on Sunday.

The signing marks a homecoming of sorts for Gionta, who spent four seasons playing for Boston College. Gionta is from nearby Rochester, New York, and has a home in Buffalo.

The Bruins also placed defenseman Paul Postma on waivers.

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