Semyon Varlamov, Avalanche Agree On Three-Year, $8.5 Million Contract

After the Colorado Avalanche completed a trade with the Washington Capitals for goalie Semyon Varlamov, there were early reports that the team signed the netminder to a two-year, $5.5 million dollar deal. However, those contract details proved to be erroneous. On Saturday it was revealed (via Capgeek) that both sides agreed to a three-year, $8.5 million deal.

Varlamov will make $2.5 million in 2011 before taking in $3 million in each of the following seasons. His cap hit for each season will be $2,833,333. 

Varlamov will enter training camp as the projected starter with recently-signed Jean-Sebastien Giguere his backup. The Avalanche traded Craig Anderson in February and let Peter Budaj and Brian Elliott (received in the Anderson trade) leave via free agency.

On Saturday, the goalie did issue a statement through his agent, thanking the Capitals for his time there and wishing them best of luck. This came after Varlamov flirted with moving to Russia to play in the KHL after the Caps decided they didn't want to offer him a starter-level contract.

For more on the Avalanche and their offseason plans, visit Mile High Hockey.

Trending Discussions

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SB Nation Denver

You must be a member of SB Nation Denver to participate.

We have our own Community Guidelines at SB Nation Denver. You should read them.

Join SB Nation Denver

You must be a member of SB Nation Denver to participate.

We have our own Community Guidelines at SB Nation Denver. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.