The Coloardo Avalanche announced today the signing of Steve Downie to a two year, $5.3 million contract.
Downie was acquired March 27 from the Tampa Bay Lightning for defenseman Kyle Quincey. In his first 20 games as an Av, he put up 13 points in 20 games and introduced a physical gritty element to the Avs that had been missing since Chris Stewart's breakout year in 2009-10.
Downie also sh...
The official salary cap has been set at $70.2 million, giving the Avs $32 million in cap space.
$54.2 million is the cap floor and the Avs, with a payroll of $37.9 million, have $16.4 million to the cap floor.
The Avs still have to sign restricted free agents Erik Johnson, Ryan O'Reilly, Steve Downie, Jamie McGinn and Mark Olver. However, unless they overpay all of them...
via Bob McKenzie tweet, COL agrees to terms with Steve Downie on 2 year deal, $2.55M in first year and $2.75M in second. $2.65M AAV.