Jones, 32, is coming off a one-year contract with the same cap hit with the Philadelphia Flyers, where he posted a 3.42 goals against average and .900 save percentage as Carter Hart's backup.
Prior to his season with the Flyers, Jones spent six seasons as the San Jose Sharks' starter. He began his career in Los Angeles as backup to Kings netminder Jonathan Quick.
In Seattle, Jones joins a Kraken squad that struggled mightily in its inaugural season, with starter Philipp Grubauer, backup Chris Driedger, and third-string netminder Joey Daccord combining for the league’s worst save percentage (.880).
Driedger is under contract for two more seasons at $3.5 million per year while Grubauer is signed through 2026-27 at a $5.9-million AAV.
In 396 career regular-season appearances over the course of nine seasons, Jones has posted a career GAA of 2.68 and a .907 save percentage with 25 shutouts.