After one of the busiest trade deadlines since their run to a Stanley Cup championship in 2022, the Colorado Avalanche fell short this spring, losing in Round One to the Dallas Stars. Last week, Evan Rawal of The Denver Gazette analyzed six pending unrestricted free agents that the team could look to keep for next year’s iteration of the roster.
Despite shedding Mikko Rantanen’s $9.25MM salary and not retaining him beyond this season, Rawal correctly points out that Colorado only has $8.7MM in salary cap space heading into the summer with 18 players already signed. Given their financial flexibility, it’s unlikely the Avalanche will re-sign Brock Nelson, Jonathan Drouin, Ryan Lindgren, Joel Kiviranta, Jimmy Vesey, and Erik Johnson.
If Colorado doesn’t bring back Nelson, they’ll again peruse the trade and free agent markets for a second-line center. He performed mildly well upon joining the Avalanche, scoring six goals and 13 points in 19 games, with another four assists in seven postseason contests. However, Nelson reportedly spurned a three-year, $22.5MM offer from the New York Islanders, meaning he’d leave Colorado with very little wiggle room if he were to sign a similar contract.
Being a limited center class in the free-agent market, the Avalanche would likely turn to the trade market to fill the gap. Unfortunately, after trading away several assets at the 2024-25 trade deadline, they’ll have little to offer other teams for a true second-line middleman.
It is unlikely that Colorado will re-sign Lindgren beyond this season unless he agrees to a significantly lower salary than his current $4.5MM. Lindgren’s future with the team could tie together with the health status of defenseman Josh Manson, who missed a large chunk of the 2024-25 season due to injury. If the Avalanche are confident Manson will open the 2025-26 season on the team’s long-term injured reserve, they may be interested in retaining Lindgren and his similar playstyle.
The last player Rawal believes the Avalanche will shy away from is Kiviranta. It’s not so much that Kiviranta wasn’t valuable to Colorado during the 2024-25 season, but because it’ll be hard to predict which player they’re getting. Kiviranta exploded for 16 goals in 79 games this season with a 19.0% shooting percentage, offering the Avalanche flexibility to move him up and down the lineup. Still, it may be unwise to significantly raise Kiviranta’s salary, considering he averaged an 8.1% shooting percentage over 219 games from 2019 to 2024.
The trio Rawal believes will likely stay in Colorado for at least the next season includes Drouin, Vesey, and Johnson. Drouin spurned longer-term offers last summer to re-up on a one-year, $2.5MM deal with the Avalanche this year. There’s a good chance Drouin’s injury history will drive other teams away from offering long-term deals this summer, meaning Colorado could re-sign him again on a below-market deal.
Vesey and Johnson should be available at a low price, but they might choose to leave on their own accord. Vesey was very outspoken about his discontent with the New York Rangers for lack of playing time, and none of that changed in Denver. Meanwhile, although Johnson has spent much of his career in Colorado and has publicly shown his admiration for the organization, he’s a prime retirement candidate this offseason.
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