The New Jersey Devils and Nashville Predators were two teams on Briere's final three-team list, which included the Habs.
Briere had two-years left on his previous contract with Philadelphia that had a salary cap hit of $6.5 million, though he was set to earn $3 million next season and $2 million in 2014-15.
In 34 games with the Flyers this season, Briere registered six goals and 10 assists for 16 points.
Briere has suited up for 847 career games with three different teams, spending the past six years with the Philadelphia Flyers.
In those 847 regular season match-ups, the Gatineau, QC native has recorded 286 goals and 373 assists. Briere also has an impressive point-per-game average in the postseason, having racked up 109 points in 108 career playoff games.