From Tarik El-Bashir of the Washington Post:
Update:I just heard from a source that Huet asked the Caps for three years, $15 million and the Caps offered it to him. But Huet then said he wanted test the market today and see what might be out there. Now it's looking like he'll sign a four year deal with Chicago for $5.6 million.
Read more from El-Bashir here.
With Khabibulin on the books next year at $6.75 million, I don't fully understand why the Hawks would invest that much money in goaltending. Although Huet is an upgrade over Khabibulin, it isn't significant enough that it merits this much money invested in the goaltending position. Also, if the Hawks buy Khabby out, that is a lot of dead money on their cap.
Update: The deal is official. Read the story from TSN here.