Avalanche Sign Gabriel Landeskog and Duncan Siemens

The Avalanche today announced the signing of their two first round picks from the 2011 draft, Gabriel Landeskog and Duncan Siemens. Terms for the three-year deals were not announced, but we're sure Capgeek.com will have them up shortly.

Landeskog is projected to be on the roster this fall, while Siemens is probably a couple of seasons away from landing in Denver.

stick tap to Stifler's Mom for the fan shot.

UPDATE (per Avs Guild)

According to Renaud P Lavoie, both players are on two way contracts worth $832,500 per year. They each also received a $277,500 signing bonus.

UPDATE AGAIN (per Dater)

In Landeskog's case, he'll have a $3.575 million cap hit if he makes the team — with his base salary, an $850,000 signing bonus and $1.8 million in other potential bonuses built into the contract.