The Bruins announced Tuesday that they signed veteran Jay Pandolfo to a contract for the rest of the season.

The sides agrees to a two-way deal that will pay Pandolfo $600,000 while he’s on the Bruins roster and $350,000 while he’s in Providence.

The Bruins then placed Pandolfo on waivers. Any team can claim Pandolfo prior to noon Wednesday. However, given that 29 other teams had a chance to sign Pandolfo, it’s unlikely the left wing will be claimed.

Pandolfo had been signed to a professional tryout agreement since training camp.

The ex-Boston University star will serve as bottom-six and penalty-killing depth for the Bruins. The Burlington native played for Claude Julien in New Jersey in 2006-07.