Streit, 39, was selected by the Canadiens in the ninth round (No. 262) of the 2004 NHL Draft and played three seasons for them (2005-08).
"This is a good contract for me," Streit said. "The most important thing for me was being able to play for Montreal. I started with the Canadiens, I had three incredible years. The money wasn't the most important thing for me, it was more important for me to come back to Montreal and be [with the Canadiens] again."
Goaltender Carey Price and forward Tomas Plekanec are still with the Canadiens from Streit's first time with them, and coach Claude Julien, who was hired by the Canadiens on Feb. 14, was Streit's first NHL coach.
"I know a few guys on the team," Streit said. "Carey Price is still there, [Tomas] is still there, those are two good friends of mine. So I'm excited to go back and meet the new players, the younger guys. I'm really thrilled and really proud to be a Canadien again."
Streit had 27 points (six goals, 21 assists) with the Pittsburgh Penguins and Philadelphia Flyers last season. The Penguins acquired him March 1 in a trade with the Tampa Bay Lightning, who acquired him in a trade with the Flyers earlier that day. He had two assists in three Stanley Cup Playoff games and won the Cup with Pittsburgh.
He has 434 points (96 goals, 338 assists) in 784 NHL games with the Penguins, Flyers, New York Islanders and Canadiens.
"I started playing in the NHL when I was 27," Streit said. "My passion is still there. I want to play as long as possible. I'm still a pretty good power-play player. That was my biggest asset 12 years ago, and it still is."
