I think a lot of Selanne's recent production "issues" came from being like 7th man on the totem pole while in Colorado.
He was still a 30 goal scorer in San Jose.
But with no red line, and hopefully less obstruction with the smaller goalie equipment, I think he has the possibility of doing quite well. It is a gamble, but for only a million I think he's worth it.
Who knows, maybe he'll pull out a 76 goal season :D