Goodbye Cody McCormickby Adrian Dater on June 29, 2009
Cody was/is a good kid who always worked hard for the Avs. Let’s wish him the best, Av-Aholics.
Cody McCormick will not be back with the Avalanche. He was not given a qualifying offer by the Avalanche, to retain his rights, so he becomes an unrestricted free agent Wednesday.
This is an interesting development. Cody McCormick was a restricted free agent. The Avs had to offer AT LEAST 110% his previous year's salary to retain his rights. He made $522k last year. Therefore, his minimum qualifying offer would have been $574,200k. You can't get much cheaper than that; the league minimum for this coming season raised to $500k.
Avs management must have felt very strongly about not wanting McCormick back to not even offer the minimum qualifying offer. He was arbitration eligible. Should have have elected to file and been awarded more money than his minimum qualifying offer in arbitration, the Avs simply could have walked away from the arbitor's decision and made him an unrestricted free agent at that point.