Found July 01, 2012 on Sports-Glory:

The Colorado Avalanche have made the biggest finical deal in the first day of the free agent period by signing ex-Islanders forward P.A. Parenteau to a 4-year deal worth $16 million.

Parenteau, 29, has signed his first long-term deal with a franchise after signing six one-year deals over his career.  

Parenteau recorded 67 points and 89 penalty minutes in 80 games during the 2011-12 season.  He played alongside John Tavares in New York, which some say helped his stats but Colorado will offer Parenteau the same type of talent at center - Paul Stastny, Matt Duchene and Ryan O'Reilly.

 

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