NHL Free Agency: Analyzing Colorado Avalanche's New Goaltending Situation

Mark PareCorrespondent IIJuly 1, 2011

TORONTO, CAN - FEBRUARY 7:  Jean-Sebastien Giguere #35 of the Toronto Maple Leafs watches for a shot in a game against the Atlanta Thrashers on February 7, 2011 at the Air Canada Centre in Toronto, Canada. The Leafs defeated the Thrashers 5-4. (Photo by Claus Andersen/Getty Images)
Claus Andersen/Getty Images

Just when you thought the Colorado Avalanche were done making deals for goalies, former Conn Smythe Trophy winner Jean-Sebasien Giguere has signed with the Avs.

Earlier, the Avs got Semyon Varlamov from Washington in a trade.  The Caps may have gotten a steal here as they got a first-round pick in 2012 and an option between the second-round pick of 2012 or 2013 for a goalie that wanted out of a carousel that involved Michal Neuvirth and Braden Holtby.

According to TSN's Gord Miller, Varlamov signed a two-year, $5.5 million deal with the Avs, which could ease the pain of losing a coveted first round selection early, however, if Varlamov falls off the wagon, Giguere is there to help him through it.

Varlamov was 11-9-7 with a 2.23 GAA and a .924 save percentage last season with the Washington Capitals.  His time was cut due to the outstanding play of Michal Neuvirth.

Terms on Giguere have not been released yet but rest assured, it won't be anywhere near his $6 million cap hit he had in Toronto last season, where he was 11-11-4 with a 2.87 GAA and a .900 save percentage.  Giguere's time was cut down due to injuries and the emergence of new Leafs No. 1 James Reimer.

With that, the goaltender situation in Colorado takes shape with Varlamov and Giguere being at the top.

Most fans in Denver were worried coming into today as Peter Budaj entered unrestricted free agency (and went to Montreal) and Brian Elliot was not tendered a qualifying offer from Avs management.

Are you happy with this decision that Colorado made to shore up their back end?

Do you think Colorado gave up too much for Varlamov?  What have you thought about free agency day thus far and where do you see Colorado come October when the 2011-12 season starts up?