The Dallas Stars have been one of the busier teams so far in the offseason; they have been involved with two trades and have been active in the free-agent market.
The initial report of the $4.5 million deal came from ESPN's Pierre LeBrun via his Twitter account.
Jagr had returned to the NHL last season, after a three-year stint in Russia. He managed 19 goals and 35 assists with the Philadelphia Flyers.
Dallas has not made the postseason since 2008, only missing the playoffs this year by a few points.
Eakin is a young player who made his NHL debut this past season, while Derek Roy is a talented forward. The Stars trades have been focusing on adding to their offense.
The loss of Ribeiro meant that Dallas needed to replace the offense they lost. Jaromir Jagr is just that player, even at 40.
The Czech player proved last season that he still has the ability to play in the NHL against the younger talent.
His entire NHL career has been in the Eastern Conference; the chance to play for a team in the West and the challenges that brings were a couple of the selling points for Jagr according to NHL.com.
The Western Conference has a number of great players that Jagr will have the chance to play against more than a few times next season.
As an added bonus for Dallas, Jagr will help them compete against the Minnesota Wild next season, who on July 4th signed two of the biggest names in the free-agent market, Zach Parise and Ryan Suter.
The Wild have become the team to beat in the Western Conference next year. Dallas has become one of the major contenders with the addition of Jagr.
Jagr is a sniper who has 665 goals. Adding his scoring ability to the Stars will help them even the playing field against the Wild.
Playing with Jamie Benn, Dallas' "star" of the future, Jagr could use his presence and ability to help with the development of the young up-and-coming Star.
Benn can play center for Jagr and new acquisition Ray Whitney on the left wing. The first line for the Stars could be a lethal one for their opponents to shut down.
If Jagr and Benn work well together, it could mean great things for Dallas and the future of the team.
Along with the other deals that Dallas has made so far this offseason, they are looking to be a much tougher team to play. Jagr was just icing on the cake.
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