It's been mentioned in the McCormick thread, but now that there's a Denver Post link we can give it it's own thread. Peter Budaj has been re-signed by the Avalanche to a 1-year, $1.25 million deal. It's worth noting that Budaj is 26, meaning he'll become an unrestricted free agent next summer.

I like the deal (shockimg, I'm sure). A couple of months ago, I penciled him in at $1.4 million. I know there are folks who think this is too much, but that's really not a bad deal for a guy averaging 45 games and 20 wins a season. The deal places him 27th on the salary list for goalies, between Jonas Hiller and Johan Hedberg. I think that's just about right. If Budaj finally has that big year, he gets a big raise as a UFA next summer. If he doesn't, the Avalanche can cut bait and really haven't lost out on much - it's not like they have a lot of better options in the pipeline at the moment.

In the same DP article, Dater confirms what we've all assumed: Andrew Raycroft will not be back with the Avalanche next year.