The landscape of NHL free agency has shifted dramatically with a slew of recent signings, including 15 players securing contracts worth $5 million or more.

As the Colorado Avalanche prepares for free agency, they have some cap flexibility, but they won’t be engaging in bidding wars for top-tier talent. Instead, they may look to fill roster holes through strategic trades and signings of less prominent players.

Notably, Colorado has several players entering free agency, including Jonathan Drouin and Erik Johnson, while also announcing a four-year extension for Parker Kelly that kicks in during the 2026-27 season.