The Pittsburgh Penguins have signed forward Tom Kostopoulos to a one-year contract, it was announced today by executive vice president and general manager Ray Shero.

Kostopoulos’ contract is a two-way deal worth $600,000 at the NHL level.

Kostopoulos will be placed on waivers on Tuesday at 12 p.m. If he clears waivers, he will be re-assigned to Wilkes-Barre/Scranton on Wednesday afternoon.

Kostopoulos, 34, re-joins the Penguins organization for his second stint after previously playing for the team between 2001-04, when he tallied 26 points (10G-16A) and 76 penalty minutes in 79 regular-season games.

The 6-foot, 197-pound Kostopoulos was originally drafted by the Penguins in the seventh round (204th overall) of the 1999 NHL Draft. His best season with the Penguins came in 2003-04 when he notched nine goals, 13 assists and 22 points in 60 games. His nine goals were a career high.

This season the Mississauga, Ontario native has been playing for Wilkes-Barre/Scranton on a professional tryout contract. Kostopoulos has totaled seven points (3G-4A) and 43 penalty minutes in 17 games with WBS. He has four points (3G-1A) over his previous four games. Last Friday, Kostopoulos became the first player in WBS history to score 100 regular-season goals.

Kostopoulos has played in 615 career NHL regular-season games with Pittsburgh, Los Angeles, Montreal, Carolina and Calgary, amassing 60 goals, 96 assists and 156 points. Last season he appeared in 81 games with the Flames, registering 12 points (4G-8A) and 57 penalty minutes. Kostopoulos has added five points (3G-2A) in 16 career NHL playoff games.