Even when Mikko Rantanen signed a $96 million contract with the Dallas Stars shortly after being traded there in February, the free agent class of 2025 looked spicier than typical years.
Well, the past couple of days removed a lot of the seasoning.
Fifteen players have signed contracts worth $5 million per season or more in the past week, while veteran players Jamie Benn, Patrick Kane, John Tavares and Jonathan Toews have all agreed to deals below that threshold as well. Several of the big deals went to pending restricted free agents, but the top of the UFA class disappeared when Mitch Marner, Sam Bennett, Aaron Ekblad, Brad Marchand and others took their names off the market.
The names might not be as big on Tuesday, but there are still plenty of teams with a lot of salary cap space as free agency opens in the NHL, so expect to see some not-elite players sign larger-than-expected contracts.
The Colorado Avalanche has a little bit of cap flexibility, but also several depth spots on the roster to fill. Don’t expect the Avs to get into a bidding war for any of the top names still available, but they could also make another trade to free up more cap space, fill one or more of those holes or both.
Colorado does have several players hitting the free agent market Tuesday, including forwards Jonathan Drouin, Joel Kiviranta and Jimmy Vesey, plus defensemen Ryan Lindgren and Erik Johnson.
NHL free agency updates
Day 1: July 1
10:00 a.m.: Monday was the deadline to extend a qualifying offer to restricted free agents. The Avs did not qualify forwards Jean Luc-Foudy, William Dufour, defenseman John Ludvig and goaltender Kevin Mandolese, so they are all officially unrestricted free agents.
10:20 a.m.: The Avalanche signed one of its forwards with one year remaining on his current contract, but it wasn’t the one people might have been expecting.
Parker Kelly signed a four-year, $6.8 million extension Tuesday, a league source confirmed to The Denver Post. The deal will carry a $1.7 million cap hit. It doesn’t start until 2026-27 and runs through 2030.
Kelly, 26, joined the Avs a year ago on a two-year, $1.65 million deal. He had eight goals and 19 points in 80 games for the Avalanche, spending a large chunk of the season as the No. 3 center before settling in on the wing of the fourth line after the club revamped its roster.
This was the first day Kelly was eligible to sign a new contract. Martin Necas, Jack Drury, Josh Manson, Scott Wedgewood and Sam Malinski are all eligible for new deals that begin in 2026.
10:45 a.m.: Colorado retained two key players for the Eagles on one-year contracts.
T.J. Tynan, 33, and Jack Ahcan both signed one-year deals to remain with the organization. Tynan had eight goals and 49 points in 52 games for the Eagles last season. He also had one point in nine games for the Avalanche.
Ahcan, 28, had five goals and 41 points in 69 games for the Eagles. He also played in the Avs’ final two games of the regular season.
Avalanche depth chart
Here’s where the Avalanche depth chart stands the morning of July 1, before the free agent frenzy gets started:
Artturi Lehkonen – Nathan MacKinnon – Martin Necas
Gabe Landeskog – Brock Nelson – Valeri Nichushkin
Ross Colton – Jack Drury – Parker Kelly
??? – ??? – ???
Internal options: Ivan Ivan, Nikita Prischepov, Zakhar Bardakov, Matthew Stienburg, Jason Polin
Devon Toews – Cale Makar
Samuel Girard – Josh Manson
??? – Sam Malinski
Internal options: Keaton Middleton, Wyatt Aamodt, Jacob MacDonald
Mackenzie Blackwood
Scott Wedgewood
Trent Miner
Injured: Logan O’Connor (hip)
And here’s some reading material to get updated on the Avs’ offseason to date:
Avs have clarity, cap flexibility … and could be patient
Avs trade Charlie Coyle, Miles Wood to Columbus
Renck: Avs re-signing Brock Nelson puts Chris MacFarland, Jared Bednar on notice
Avs sign Brock Nelson, answer biggest offseason question
Want more Avalanche news? Sign up for the Avalanche Insider to get all our NHL analysis.