Avalanche answer offseason's burning question, sign superstar to expensive extension

In doing so, the Avs take one of the top pivots off this summer’s open market. They paid a steep price to acquire the longtime Islander from New York at the trade deadline, surrendering their 2026 first-round pick along with center Calum Ritchie, their No. 1 prospect, along with some smaller assets to land him. Losing him for nothing, especially after the Avalanche suffered a first-round playoff loss to the Stars, would have been quite the blow.

Instead, they’ll get parts of four seasons out of the 33-year-old, assuming he plays out the rest of his deal. It’s an eye-popping price tag, especially since he’s coming off somewhat of a down season with 26 goals and 56 points in 80 games split between Denver and Long Island, and a noticeable raise over his previous $6M cap hit. Nonetheless, he’ll be the solution to fill the second-line center gap for the next few years after searching for a consistent producer following Nazem Kadri’s departure in free agency in 2022.

Nelson’s point production this season didn’t shift considerably from team to team. He posted 43 points in 61 games for the Islanders (0.70 per game) before logging 13 in 19 for Colorado down the stretch (0.68 per game). Nelson added four assists and a plus-two rating in seven playoff games for the Avs, averaging a shade under 17 minutes per game in the postseason.

Notably, the contract he signed with the Avalanche is the same one offered to him by the Islanders before they opted to trade him, Stefen Rosner of The Hockey News reports. Amid a retool with new general manager Mathieu Darche at the helm, New York is likely still happy with the move to jumpstart what was one of the worst prospect pools in the league.

Nelson’s contract will be an important comparable as other top pending UFA centers like Sam Bennett and John Tavares continue to pursue extensions with their current clubs. The deal he ended up signing came in a fair amount above the roughly $7M AAV projected for him on a three-year deal on the open market, according to AFP Analytics.

Avalanche GM Chris MacFarland now has his center group of Nathan MacKinnon, Nelson, Charlie Coyle and Jack Drury all under contract through next season. Coyle and Drury will become eligible to sign extensions on July 1.

Still, the premium they paid to keep Nelson from testing free agency will cause some cap headaches for MacFarland to deal with this summer. They’re down to just $1.2M in cap space for 2025-26, according to PuckPedia. While they have a mostly full roster, they still have four open spots between them and a cap-compliant 23-man roster.

Barring a significant cap-clearing trade, their notable pending UFAs, winger Jonathan Drouin and defenseman Ryan Lindgren, are not returning. Even if they only signed players to league-minimum deals, they’d only be able to ice a bare-minimum 20-player roster out of the gate with no flexibility for a recall.

Nelson’s deal runs through the 2027-28 season, after which he’ll be able to test unrestricted free agency if he so chooses at age 36. The 2010 first-round pick could play his 1,000th game late next season if he stays healthy. He’s at 920 entering the offseason.