The deal, which has been widely reported but not actually announced quite yet by the Flames, is for four seasons and a reported $12.5 million according to Elliotte Friedman of the CBC. That's a $3.125 million cap hit, a little below his current $3.5 million hit.
Since Jay Feaster was fired as the Flames GM, President of Hockey Operations Brian Burke has been handling the team's business, meaning he was involved in Stajan's signing. The small bit of irony there is that when Burke turk over the Maple Leafs, one of the things he did was trade Stajan to Calgary in the deal that netted Toronto Dion Phaneuf.
Stajan has seen his numbers go down since he was traded to Calgary in 2010, though he's on track for perhaps his best season in Calgary thus far. In 41 games the 30-year-old has seven goals and 10 assists while playing 18:28 per game. Every rebuilding team needs some veterans around and clearly the Flames have identified Stajan as a guy that want for that role.