High-profile trades, trade requests and multiple offer sheets have breathed fire into an offseason that also features one of the weakest free agent classes the league has seen. There was a big shakeup in Denver at the start, with Chris MacFarland off to Nashville. But Joe Sakic and the Colorado Avalanche have stayed out of the fray, mostly.

The Avs look, well, a lot like the Avs from a year ago. After the best regular-season in franchise history followed by a Western Conference flameout, the current status of the roster is going to produce a variety of opinions.

One outer-circle core player and two depth players are gone. Three likely replacements have arrived. Sakic made it pretty clear the plan is to reinforce the roster in February, not early July.

There’s still plenty of time left in this offseason for a further shakeup, but Sakic sounded content after his efficient July 1 work was complete. There is still some business to be done before training camp begins.

There are still some questions to answer this offseason. Here are the biggest ones:

1. When will Cale Makar sign his next contract?

First, old friend Bowen Byram and the Chicago Blackhawks surprised everyone, both with what the team paid to acquire the former Avs defenseman and then the contract — six years at $12.5 million per year.

Byram, for now, would be the highest-paid defenseman in NHL history when his contract begins July 1, 2027. But that distinction isn’t likely to last long. Makar and Quinn Hughes are expected to sign for more this summer.

Then, Leo Carlsson sent shockwaves around the hockey world by signing an offer sheet with the Philadelphia Flyers — five years, $18 million per year. He will be the highest-paid player during the 2026-27 season, whether he stays with the Anaheim Ducks or switches coasts.

How does either of these deals affect Makar? Probably not a lot, but both of those moves have primed everyone for the new financial reality moving forward.

Makar signed his most recent contract on July 24, 2021. That was just a few days before he would have been a restricted free agent. He can be an unrestricted free agent July 1, 2027. Sakic said there will be no such suspense this time.

2. Will Artturi Lehkonen have a new contract by training camp?

‘The Sacrificial Lamb’ is the Avs’ other key potential unrestricted free agent in 2027. He’ll be 32 years old when the next contract starts, but Lehkonen has always been a critical cog in this Colorado machine, and even more so now with Valeri Nichushkin off to Columbus.

This could be a tricky contract for the Avs. His value often surpasses his traditional output. His availability is sometimes an issue. How much longer will he be a critical, impactful player? The Avs do not have any young players who can just step in and replace him. The sooner the better for the Avs on the contract, considering the rising cap ceiling and the cost of business is going up around the league.

3. What about Jared Bednar?

NHL coaches rarely coach on the final year of a contract. Bednar is about to start the final year of his current deal.

Will there be an extension before training camp? Sakic did not give a hard “yes” to a question about that earlier in the offseason, but both he and Kroenke Sports and Entertainment vice chairman Josh Kroenke voiced their support for Bednar shortly after the season ended.

“We’ll figure out later in the summer on all that stuff, but I don’t think he’s worried about it,” Sakic said. “He shouldn’t be worried about it. The contracts will come when they come.”

4. Will there be any more front office changes?

This offseason began with MacFarland leaving the club to become president and general manager of the Nashville Predators. Sakic now has the same role(s) with the Avs, adding GM duties.

MacFarland has traded for or signed several players from the organization, but he also poached Dawson Sprigings — one of the key members of the Avs’ analytics department. Sprigings is now an assistant to the GM in Music City.

The Avs quickly announced two analytics openings — one to replace Sprigings and one to expand Arik Parnass’ department.

Will the Avs have a new GM by the start of training camp? Will anyone in the current front office get a promotion? Will there be a new assistant GM hired to effectively replace MacFarland, or will Sakic’s inner circle remain one person smaller moving forward?

5. Who is coaching the Eagles?

Colorado’s AHL affiliate lost two members of the coaching staff after the Eagles had their most successful AHL season in franchise history. Assistant Kim Weiss, the second woman to be behind the bench of an AHL club, is now the head coach of the expansion PWHL team in Las Vegas.

Former head coach Mark Letestu is also heading to Sin City, for an assistant role with the Vegas Golden Knights. The Eagles will have their third head coach in three seasons, with Aaron Schneekloth also on an NHL bench in Seattle.

6. Who is playing for the Eagles?

It’s been a tough few days for a group that lost in Game 7 of the Western Conference Final. Alex Barre-Boulet and Tye Felhaber have signed with San Jose. Jack Ahcan and Chase Bradley went to Nashville with MacFarland. Jason Polin signed with Buffalo. Ivan Ivan was traded to Boston.

T.J. Tynan signed an AHL deal with Springfield. Valtteri Puustinen is off to Sweden. Jacob MacDonald, Ronnie Attard and Danil Gushchin are all free agents, the latter not qualified so he’s a UFA like the other two.

That’s six of the team’s top eight scorers from the regular season gone, plus a few other key veterans. As it stands right now, the Eagles look like they will be a much younger team next season. There are nine players who were aged 26 or older that saw Calder Cup Playoffs action who are no longer on the roster.

There were some reinforcements added. Forwards Vinnie Hinostroza and Adam Beckman, plus defenseman Domenick Fensore will all likely be staples for the Eagles.

One spot where the Eagles should excel is in net, with Trent Miner back and two young Russians — top prospect Ilya Nabokov and recent signing Nikita Novosyolov ready for their North American debuts. There will also be a few young forwards who do not make the Avs roster who will likely see big minutes for the Eagles.

Getting younger might mean fewer wins, but it could also mean more playing time for guys who might play for the big club at various points in the season.

7. Is this really everyone?

The Avs have 12 forwards, seven defensemen and two goalies on one-way contracts. Sakic made it clear they want to bank as much cap space as possible ahead of the trade deadline.

So … are the Avs really done? There could still be a couple of players added with the Eagles in mind.

There are also a lot of competent NHL players still unsigned. The prices on most, if not all, of them is likely dropping as the days before training camp tick away.

Colorado also has had some success by signing free agents late in the cycle. Jack Johnson and Joel Kiviranta both originally arrived on player-tryout contracts (PTOs) for training camp. The Avs didn’t sign Victor Olofsson until Aug. 20 a year ago.

If this really is everyone, and the Avs do start next season with the 12 forwards, seven defensemen and two goalies currently on one-way contracts, they would have $1,279,159 of cap space on opening night and $5,847,584 of projected space on trade deadline day, .

Joe Sakic said superstar Cale Makar isn’t going anywhere, but his next contract will have a huge impact on how the Avs attempt to construct a Stanley Cup-contending roster into the next decade. Artturi Lehkonen has been a critical supporting star for the Avs since arriving at the trade deadline ahead of the club’s 2022 Stanley Cup run.

Both players have one year left on their current deals. The cap ceiling is expected to be $113 million for 2027-28, the first year of their new deals. That is $29.5 million more, or about 35% more than it was when Nathan MacKinnon started his eight-year, $100.8 million contract in 2023-24.

The negotiations for each deal will be entirely different. Makar is one of the best players in the world in the prime of his career. MacKinnon famously said Makar should get $20 million per season the day after Mikko Rantanen was traded to the Carolina Hurricanes.

Lehkonen is an extremely valuable player and a beloved teammate, but he’ll also be 32 when his next contract begins. It’s hard to fathom a number too big for the Avs with Makar, but it will be different with Lehkonen.

What might their contracts look like? The salary cap ceiling is surging to previously unforeseen levels, making it more difficult to project new deals. Sakic said last week that talks on extensions that don’t kick in until next year will start in mid-July. Maybe some deals signed by current free agents will provide more data on what contracts will look like moving forward.

Let’s try to find some comparable deals, and then adjust for the rising cap. Get ready to hear a lot about the percentage of the cap in the coming days/weeks/months to justify some cap hits that look … a little different than what we’re used to.

Cale Makar

Just kidding — there are no comparables for Makar.

Well, not as of Tuesday, anyway. Makar is one of the two best defensemen in the world. The other guy, Quinn Hughes, is also entering the final year of his contract. They’re on the same timeline. Who signs first, and will it impact the other?

The other issue — no elite defenseman has signed a contract as a pending UFA in a long time. It’s a weird quirk. The nine highest-paid forwards in the NHL right now all signed deals as pending unrestricted free agents.

Only three of the 10 highest-paid defensemen did. The other seven signed their deals as pending restricted free agents. That is a slightly different negotiation. If Makar had been an unrestricted free agent when he signed his last deal, he’d have gotten more than $54 million over six years.

Erik Karlsson and Drew Doughty both signed contracts of $11 million or more that began with the 2019-20 season. No other defenseman signed for that much per season until Rasmus Dahlin signed the same pact as Doughty — 8 years, $88 million. He was a pending restricted free agent, and that deal began two years ago.

Karlsson is the most expensive defenseman at $11.5 million. Makar and Hughes will reset the top of the defense market, and then reigning Norris Trophy winner Zach Werenski will be the next megadeal for a pending unrestricted free agent next year. Calder Trophy winner Matthew Schaefer will also be ready for a new deal next summer, and it is expected he’ll blow past what Makar got coming off his entry-level contract.

Here are the top-five contracts signed by defensemen who were pending unrestricted free agents in the league right now:

The percentage of the cap in year one of those deals matters. P.K. Subban also signed a deal that was worth a touch more than 13% of the cap when he was coming off a Norris Trophy win in 2014.

Both Makar and Hughes can make the case that they are among the top five to seven players in the sport, regardless of position. If Bobby Orr or Ray Bourque were 26 or 27 years old and a year from free agency, they’d be getting paid like a top five to seven player in the league.

So here are the top five contracts in the league right now:

Back to the cap percentage idea. If the Avs sign Makar to a deal worth $17 million per season, that would actually be slightly less (15.04%) than MacKinnon’s contract in 2023-24 (15.09%).

What MacKinnon said 18 months ago isn’t wrong. Makar is worth $20 million per year. The best players in the world are all worth that much, but superstars have consistently taken less to help their teams have more cap space to build around them. Kirill Kaprizov pushed the bar higher, but Connor McDavid and Jack Eichel didn’t go with him.

Even if Makar and Hughes didn’t want to take a higher percentage than what Karlsson got eight years prior, 14.11% of a $113 million cap is still $15.944 million per season.

The other big question, of course, is the term of the contract. The new collective bargaining agreement will limit the maximum contract length in future summers to seven years. Makar and Hughes (and Lehkonen) have until Sept. 15 to ink an eight-year pact if they’d like.

Kaprizov and Eichel did eight-year deals, but McDavid signed for just two, and Auston Matthews only inked a four-year pact. Whether Makar and Hughes decide to go short and cash in again, or go long for what will likely be their last huge deal, it’s going to cost Colorado (and Minnesota, assuming Hughes does sign) an enormous sum of money.

An eight-year, $120 million contract would be a significant victory for either franchise, and either might have to settle for something similar to Kaprizov’s deal.

Artturi Lehkonen

Lehkonen has been an immensely valuable player when available who has been on an incredibly team-friendly contract for years.

But, like the recently departed Valeri Nichushkin, the phrase “when available” also plays into this, and could even more so in the future.

Here’s something that sums up the past few years for the Avs: Since 2015-16, there have been 33 wings who meet this criteria — 200-plus games played, 70-plus goals scored and 150-plus points during their age 27-30 seasons. For Lehkonen and Nichushkin, that four-year window is 2022-23 through this past season.

Nichushkin has the fewest games played of the bunch (222) and Lehkonen has the third-fewest (248). Both have been highly productive when available. Both have missed 25% or more of the regular-season games. Nichushkin missed games in three of the past four postseasons, while Lehkonen missed two games in the second round this year and looked compromised during the Western Conference Final.

Lehkonen’s full value isn’t captured by 85 goals and 178 points over the past four seasons. He’s an excellent two-year player, penalty killer and someone who produces more on a per-game basis during the playoffs than the regular season.

Finding comparable players for him isn’t easy. Are the guys who have similar total production? The players with similar per-game numbers?

Here are some wings that might fit:

The guys who have the most similar career production ahead of the new contract are Arvidsson, Tarasenko, Teravainen and Smith. Arvidsson and Tarasenko were already dealing with injuries and decline, and their contracts reflected that. It’s also worth noting that both of those guys had nice bounce-back seasons last year, at ages 32 and 34, respectively.

Rust has aged the best. Palat and Smith have aged the worst. Toffoli is a weird case because he had played for six teams by the time his current deal was signed. But he had two of his best seasons at ages 30-31 and then signed with San Jose, where he scored 49 goals in two years.

There are seven players on this list. Lehkonen is more valuable than some, for sure. He hasn’t had quite the career, from a pure production standpoint, as Rust or Toffoli, at least.

The average cap percentage for those seven contracts is 6.15%. That amount in 2027-28 would be about $6.95 million. Lehkonen, when he’s healthy, has played like a $7 million player or more.

Given the cap surge, is he a $7 million player right now? And what about in the future?

The term for Lehkonen’s next deal could be just as important as the average annual value. It’s a tricky one on both fronts.

There’s no denying his present value, and losing Nichushkin only amplifies it. But there is potential for variance in the future with any deal that starts at age 32, and there might even be more than usual with Lehkonen because of his playing style and injury history.

Makar made his NHL debut last season and appeared in 12 games for the Avs. He would have been a restricted free agent July 1.

It is a two-way contract for 2026-27 and a one-way deal for 2027-28, a source confirmed to The Denver Post. He will be an unrestricted free agent at the conclusion of this deal. The salary cap hit for the deal is $875,000.

A seventh-round pick in 2020, the 25-year-old Makar had 14 goals and 24 points in first full season with the Colorado Eagles in the AHL. He had two goals and six points in 17 Calder Cup Playoffs games, helping the Eagles to the Western Conference Final.

The younger brother of Avs star Cale Makar, he spent three years at UMass before transferring to Maine for his senior season in 2024-25. That was a breakout year. Taylor Makar finished with 18 goals and 30 points in 38 games for the Black Bears and then signed a one-year, two-way contract with Colorado.

The Avs are also expected to sign the elder Makar to a new contract this summer. He has one year left on his current contract, and is eligible to sign a new deal starting July 1.

If Cale Makar signs a new contract before Sept. 15, it can be for eight years. Starting on Sept. 16, the maximum length for contracts will be seven years in the NHL. General manager Joe Sakic said Makar ‘is going to finish his career here’ when asked about a potential extension after the 2025-26 season concluded.

Given the breakout season from Sam Malinski in 2025-26, the Avs begin the offseason with a top four of Cale Makar, Devon Toews, Josh Manson and Malinski. They also have one of the best right-side depth charts in the NHL, and typically the starboard side is tougher to fill out.

The less good news is the next four guys on the depth chart are all unrestricted free agents and the Avs are still pretty tight on salary cap space even after trading Ross Colton. So that becomes one of Joe Sakic’s biggest challenges after returning to the general manager’s chair.

Colorado played with four right-handed defensemen for most of last season. It’s a rarity, but the Avs made it work. Right now, three of their top four are righties.

In an ideal world, the Avs will add at least two left-handed defensemen this offseason, and at least one that can regularly play top-four minutes. Doing so on a limited budget could be tricky, but trading one of the veteran forwards could also help with that endeavor.

Here’s a look at some of the options that could be available, either as UFAs or in the trade market.

Unrestricted free agents

Brett Kulak
2025-26: 1 goal, 12 points, 18:58 time on ice/contest in 83 games

Kulak was a really nice fit for the Avs after arriving in a trade from the Pittsburgh Penguins. The Avs needed a more defensive-minded defenseman and he provided that. His underlying numbers in the regular season, particularly before arriving in Denver, were not great. And he’ll be 33 years old in January. He’d be a solid fit for this team as the No. 5 guy, but it’s certainly plausible that another team would be willing to pay him more if he gets to July 1.

Brent Burns
2025-26: 12 goals, 35 points, 18:52 in 82 games

Does he want to play another year? Does he want to stay in Denver? Do the Avs want to bring him back? Burns repeatedly said he wasn’t thinking beyond this year during this past season, but he certainly looked like a player who has at least one more year of competent hockey in him. Given the Avs’ cap issues, bringing him back on another one-year deal with incentives that can be pushed to the 2027-28 cap if needed does make some sense. Will they want to have four righties in the top six again?

Jack Ahcan
2025-26: 0 goals, 2 points, 11:32 in 11 games

Feels like an obvious match, particularly if he’d accept another two-way contract. Not sure he’d find a one-way deal on the open market, but he’s shown he can play in a limited role in the NHL. The Avs would probably be comfortable starting the season with him as the No. 7 guy, but just like this past year, they’d also very likely be looking for an NHL veteran or two ahead of the deadline for more insurance.

Nick Blankenburg
2025-26: 8 goals, 24 points, 16:48 in 61 games

Blankenburg’s pre-Colorado numbers seem very likely to earn him a contract that doesn’t work for the Avs. It makes sense for him to look for a regular role, perhaps even as a No. 4/5 guy. The Avs are more likely to see him as a No. 6/7 guy, particularly with all the righties in front of him.

Ryan Shea
2025-26: 6 goals, 35 points, 18:53 in 80 games

Darren Raddysh just signed an 8-year, $68 million deal after one wildly successful NHL season. Shea is going to be a smaller version of that. He had 70 NHL games before last year, but was a very solid second-pairing guy for a playoff team. The offense was definitely helped by Pittsburgh shooting better than 13% when he was on the ice at 5-on-5. He’s a medium-sized lefty who is a strong penalty killer and he doesn’t turn 30 until midseason. He is also probably the best lefty on the market right now.

Jeremy Lauzon
2025-26: 1 goal, 13 points, 17:11 in 68 games

Lauzon could be an alternative to Kulak, if he finds greener pastures elsewhere. Not as dependable from an availability standpoint in recent years, but Lauzon would add size (6-foot-3, 225 pounds) and defensive solidity. He’d fit better as the No. 3 guy on the left side, if possible. He could give Jared Bednar the option of a true shutdown pairing with Manson, or an offense-defense duo with Malinski.

Mike Reilly
2025-26: 1 goal, 9 points, 14:58 in 42 games

Reilly has had solid underlying numbers for years, but he’s also played only 60 games over the past two seasons. He’s listed at 6-foot-2, can play both sides and handles sheltered minutes quite well. He played 42 games for the Carolina Hurricanes this season, but only twice during the club’s title run. He could be that type of player for the Avs — a regular for much of the season in a third-pairing role, then potentially the No. 7 come playoff time if they add another defenseman before the trade deadline.

Carson Soucy
2025-26: 5 goals, 12 points, 16:31 in 76 games

Soucy is very tall, at 6-foot-5. He had a solid start to his season with the New York Rangers. Most of his underlying numbers were pretty similar with the New York Islanders, but the latter was outscored 21-10 with him on the ice at 5-on-5 in just 30 games. The Isles collapsed near the end of the season. Other front offices will need to do their homework to understand what went wrong there. He should be a No. 6 on the Avs, but might get paid to be more elsewhere.

Vincent Desharnais
2025-26: 1 goal, 7 points, 18:11 in 53 games

Desharnais is very tall (6-foot-7) and offers almost no offense. But he’s also a better defensive player than a couple of the other size XL defensemen in this market. He is right-handed, so he’d only be an option if Burns doesn’t return and the Avs are OK with rolling out four righties at times again next year.

Colton White
2025-26: 0 goals, 4 points, 12:15 in 23 games

White is a medium-sized guy (6-foot-1, 187 pounds) who can move the puck and hold his own in sheltered minutes. Now that he’s 29 years old, getting a full-time gig might never happen. But as a potential No. 7, he could be a solid depth addition. The Avs could do worse than White/Ahcan as their No. 7/8 defensemen.

Trade market

Bowen Byram/Morgan Rielly

Here are the two best left-handed defensemen whose names are squarely in the trade market discussion. It’s hard to see a reunion with Byram. Samuel Girard is gone, but the top-two guys — and a blocked path to the power play — are still here. Rielly is an offense-first guy that doesn’t really fit what the Avs need, given both the acquisition cost and his cap number.

Pavel Mintyukov/Olen Zellweger

The Anaheim Ducks have about $43 million in cap space this summer, and basically an entire defense corps behind Jackson Lacombe to re-sign or rebuild. Any of all of the old guys (John Carlson, Jacob Trouba, Radko Gudas) could leave, but the Ducks could also move one of their young RFAs — Mintyukov or Zellweger — if the negotiations don’t go well or the available space starts to dry up (Leo Carlsson and Cutter Gauthier also need new contracts).

Jonas Siegenthaler
2025-26: 0 goals, 16 points, 19:29 in 82 games

Siegenthaler has been a bit up and down with the New Jersey Devils, but when he’s in form, he’s a solid defense-only guy on a very reasonable contract — two years left with a $3.4 million cap hit. The Devils have a new GM, and a bit of a logjam in the defense corps.

Mason Lohrei
2025-26: 7 goals, 26 points, 16:54 in 73 games

Lohrei is a 6-foot-5 defenseman with some offensive acumen who turns 26 in January. His future value lies in the answer to one question: What improvements did he actually make on the defensive side of things last season? Two seasons ago, the Boston Bruins were outscored 72-52 with Lohrei on the ice at 5-on-5. This past season, with very similar underlying numbers, Boston outscored foes 47-30. Whether or not he’s an intriguing trade target, or why the Bruins might be willing to move him, is somewhere in the answer to that question.

FOOTNOTES: The Avs announced their four-game preseason schedule Monday. It is reduced from the typical six or seven in years’ past because the NHL is moving to an 84-game regular season in 2026-27. Colorado will play Utah at home on Sept. 20 and Winnipeg at Ball Arena on Sept. 25. The Avs will travel to Manitoba to face the Jets on Sept. 21 and to Salt Lake City to play the Mammoth on Sept. 26.

But Valeri Nichushkin has been losing playoff steam for years now, and that engine needs to be the next one Avalanche general manager Joe Sakic pawns off to somebody else.

Since April 2025, Big Val has appeared in 19 postseason games for the Burgundy and Blue. He’s scored in only four of them and picked up a point in just six.

Context: In the previous 19 Stanley Cup Playoff appearances, Val had scored in 12 of them, a run that dates back to the ’22 Western Conference Final sweep of the Oilers.

More context: The Avs since April 2023 are 8-4 in the playoffs when Nichushkin finds the back of the net. They’re 12-14 when he doesn’t. They’re 9-5 when he registers at least a point. They’re 11-13 when he doesn’t. They’re 17-12 when he suits up. They went 3-6 when he doesn’t.

Look, nobody’s happier to see the Big Nuke get his life squared away than the puck heads on the Grading The Week crew. He’s been available for two straight postseasons, now, something that we couldn’t say about 2023 and 2024. That’s progress, by any standard.

But by the same token, the clock’s ticking. And not in a good way. Val turns 32 next March; he’s in line to eat up $6.125 million in cap space through the ’29-30 season; and Cale Makar’s not likely to give the Avs a major hometown discount on his extension, is he?

Ross Colton trade setting up Nichushkin swap? — B

More to the point, Big Val is presenting to the Avs some of the same issues that the Nuggets have with Jamal Murray right now: 1.) Both the Choo Choo Train and the Blue Arrow have looked older, and played older, than their actual ages (31 and 29, respectively) as of late, and 2.) Both have lost the playoff mojo, the postseason chutzpah, that proved the “X” factor that lifted their franchises to titles earlier this decade.

Val has overcome several personal and professional demons, and again, that’s not to be discounted. Yet the returns during the window that counts, the hunt for Lord Stanley, have been visibly diminishing.

A 6-foot-4 winger with a body to bang and speed to burn, Nichushkin was invisible against the Golden Knights, who more or less shoved the Avs out of the postseason as the West’s top seed. He scored two goals in 12 playoff games in 2026. He’s averaged 0.42 points in 19 postseason appearances since the spring of ’25. He’d averaged 0.86 points per playoff tilt in the 30 Cup appearances prior to that — a production drop of 51%. With the Avalanche’s title window closing, Sakic can’t afford for Val to be half the man he used to be.

Jonathon Cooper’s mini-camp absence  — D

Cooper’s not the fave topic right now at Dove Valley, but it’s a topic, nonetheless. The courts will have their say soon. Although the admittedly unqualified legal eagles on the GTW crew aren’t too sure this was the best week for the Broncos’ in-limbo edge rusher. (While unquestionably better than, say, last week at this time, for obvious reasons.)

On the litigation front, a judge notably dropped charges against Cooper’s female companion during the time of their joint arrest on June 4. A single charge of criminal mischief was removed from her record this past Tuesday.

Cooper, meanwhile, was facing five active charges as of Friday afternoon, including felony second-degree assault by strangulation.

On the football side of things, the Broncos formally excused Cooper from mandatory training camp — but “excused” could be interpreted any number of ways, given the heat of the moment. The innocent remain so until proven guilty. But NFL precedent is not the same as the law, and it’s highly likely that the league will levy a multi-game suspension against Cooper, given the charges — whether he’s a member of the Broncos this fall or not.

Either way, Sean Payton and his staff have to plan for life without Cooper for a medium-term or a long-term window in 2026. If this past week was any indication, that process has already started.

Whatever level of patience and stability Joe Sakic truly believes the Colorado Avalanche need this offseason, he’s got some work to do with the defense corps.

There could be some interesting decisions with the forwards, while the goaltending is the most likely group to look exactly the same on opening night as it does today. The blue line could generate a bunch of headlines in the next few weeks, though.

“There’s always changes, but we have the core guys here,” Sakic said at his year-end press conference. “We have a nucleus. We’re a deep team. We feel we’re strong in all the positions. Obviously, we have some UFAs that we’re going to try and sign to keep the group together, but it’s a great group.

“They care about each other. They want to win. They’re very competitive. They’re disappointed, but their expectations are to try and come back and try and compete and win a Stanley Cup.”

Two of the team’s three key free agents are part of the defense corps, and there are depth concerns as well.

What just happened

When fully healthy, the Avs defense corps was arguably the league’s best in 2025-26. Cale Makar finished second in the Norris Trophy voting despite his lowest per-game offensive output since 2020-21. The start of Devon Toews’ year wasn’t at his best, but he had a strong finish after the Olympic break and into the postseason.

Sam Malinski was one of the breakout players of the entire NHL, earned a new contract and was playing like a No. 3 defenseman at his peak. He wasn’t near the new standard he set in the Western Conference Final, and was widely believed to be playing through a compromising injury after missing two games in the second round.

Josh Manson missed four games in the playoffs, but otherwise filled his role as the club’s most physical defenseman while collecting the second-most points of his career. Brent Burns played every game like always, was a hit in the dressing room and showed he can still play even past his 41st birthday.

The addition of Brett Kulak as a steady, defense-first guy at the trade deadline was a success, even if the price tag on the day of the trade seemed a bit steep.

Former GM Chris MacFarland admitted that he tried to add three defensemen ahead of the deadline, not just Kulak and Nick Blankenburg — a sign that Colorado knew the depth of its defense during a long playoff run could be an issue. Blankenburg played to mixed results as the No. 7 guy, and Jack Ahcan ended up getting three of the eight games available because of injuries to the top six.

What¶¶Òõap next

The top priority is a new contract for Makar, who can be a UFA in July 2027. He’s eligible to sign July 1, and Sakic made it clear the Avs expect to get a deal done this summer.

But there are a lot of moves to make to build out the defense corps for next season as well. Makar, Toews, Malinski and Manson are a great foundation to build from, but the next four guys — Kulak, Burns, Blankenburg and Ahcan — are all unrestricted free agents.

The Avs are currently short on salary cap space, so one or more of the forwards could be on the move to help allocate more resources to the blue line.

Does Burns want to keep playing and do the Avs want another year with him? He can break the NHL’s ironman record next year if he continues. A similar deal to this past year — $1 million in salary with bonuses makes sense, whether that is in Denver or elsewhere.

What could Kulak get on the open market? Hint: Probably a lot. There is a strong argument that Kulak would be the No. 1 left-handed defenseman on the market, and one of the 3-5 best overall.

That leads to the next big question: Can the Avs find more balance after entering the 2026 playoffs with five righties in their top seven?

Lining up Manson and Malinski (or flip them) down the right side behind Makar is excellent, particularly if Malinski is able to retain or even build on the gains he made this past season. But the Avs need to fill out the LHD side of the depth chart. Manson and Burns worked together, but Colorado needs more lefties.

Trading Samuel Girard for a guy in the last year of his contract (Kulak) created this conundrum, but if the Avs can’t sign Kulak, they’ll be looking for a similar-style player to replace him. In an ideal world, Sakic can land a young-ish left-handed defenseman who is capable of playing on the second pairing now and possibly be the heir to Toews as the club’s No. 2 guy as he ages.

Will the Avs be able to count on any help from the Eagles? There are a couple of guys with potential to be depth options for them next season, beyond just bringing Ahcan and/or Blankenburg back.

The Avs are clearly intrigued by Alex Gagne, a 6-foot-5 lefty who was a college free agent from New Hampshire and became a solid contributor for the Eagles in his first pro season. He’ll be 24 in August. Then there is University of Denver alum Sean Behrens, who missed all of two years ago with a knee injury and just completed his first healthy pro campaign.

It’s hard to see Colorado wanting to break camp with one of those guys in the lineup, but maybe one of them can work his way up the depth chart to the No. 6 or 7 spot over the course of next season. Behrens’ size will work against him, but his smarts could help him find a depth role.

It could take some creativity, but the Avs will likely sign or trade for at least three defensemen, if not more, between now and training camp. And that’s not counting a potential mega-deal for Makar, which will help shape the salary cap puzzle for 2027-28 and beyond.

Future depth chart

^ Unrestricted free agent on July 1; * UFA in 2027; + Restricted free agent in 2027

Sakic was back in front of the assembled Colorado Avalanche media Thursday. MacFarland is gone, off to pilot his own franchise and what was old is new again in the Avs front office.

The message was similar, even if Sakic’s role has now changed. He sat next to Kroenke Sports & Entertainment vice-chairman Josh Kroenke this time, but belief in the Avalanche players and coaches was again a central theme.

“It’s disappointing. It stings,” said Sakic, now the president and general manager of the Avs with MacFarland in Nashville. “But we’ve got a great hockey team here, and this team was built for a 2-3 year run. We still got most of the guys coming back, and their expectations, our expectations, I know the fans’ expectations, is to try and win a (Stanley) Cup.

“And we’re hopefully going to accomplish that next year, but it really was, overall, an incredibly fun year.”

Colorado ran the league for more than six months, leading the NHL standings from Nov.  1 through the conclusion of the regular season. The Avs rolled past Los Angeles and Minnesota to reach the second half of the postseason tournament for the first time since 2022.

But the Avalanche express derailed at full speed, a stunning, fiery crash of a four-game sweep by the Vegas Golden Knights in the Western Conference Final. MacFarland is gone, but Sakic and Kroenke preached belief in the group and continuity throughout a nearly 30-minute press conference.

Sticking with Bednar

Not only will Jared Bednar return for an 11th season as head coach, but his assistants will also return. Bednar is entering the final year of his contract, but Sakic alluded to a potential extension coming later in the offseason.

“We haven’t thought about [that]. Right now, the priority is getting through the draft, free agency,” Sakic said. “Try and make our team as good as possible going into the summer. The rest of the stuff we will push that down the line. We’ll figure out later in the summer on all that stuff, but I don’t think he’s worried about it. He shouldn’t be worried about it. The contracts will come when they come.”

When asked why Bednar is returning, compared with title-winning coach Mike Malone, who was fired from the KSE-owned Denver Nuggets late in the 2024-25 season, Kroenke was succinct.

“I think he has absolute belief of the dressing room,” Kroenke said.

Sakic is now the GM of this franchise, and there is no acting or interim qualification. The structure from the past two seasons remains the same, just with MacFarland out and Sakic back in the GM chair.

While Sakic said he’s enjoyed the increased workload shifting back over the past couple of weeks, what his long-term future is and the front-office structure are still to be determined.

“I’m taking over being GM right now,” Sakic said. “We’ve got a great staff. Really confident in our group. It’s business as usual from our end. We’re going to try and, as a staff, make this team as good as possible so we can try and be a contender again.”

Colorado currently has 17 of its top 20 players from last season under contract for next year. No. 4 center Jack Drury is a restricted free agent. Two defensemen, Brett Kulak and Brent Burns, are unrestricted free agents.

The Avs do not have much room below the salary cap ceiling — a touch shy of $3 million, per PuckPedia — so just retaining those players is not an option. There is also work to be done filling out the depth beyond those 20 — extra forwards Joel Kiviranta (UFA) and Zakhar Bardakov (RFA) plus next-up defensemen Nick Blankenburg (UFA) and Jack Ahcan (UFA) all need new deals or replaced.

Sakic and Kroenke both spoke more about marginal changes than drastic ones.

“We could panic and try and blow everything up and start all over, but this team, what they’ve done over the course of the year was pretty remarkable,” Sakic said. “Now we want to give them an opportunity to try and do it again. I mean, the last two trade deadlines were meant for not just that year — to try and compete for a few years with this group and try and bring home a Stanley Cup. That’s the goal.”

Upgrades off the ice

This was the first time Kroenke spoke at an Avalanche-specific press conference since Nathan MacKinnon signed an eight-year, $100.82 million contract Sept. 20, 2022. Sakic addressed the next mega-contract Colorado expects to complete with co-franchise player Cale Makar this summer, and Kroenke had updates on a couple of other long-term franchise-building items.

One was progress on a new practice facility. The Avs currently practice at Family Sports Center in Centennial, where the team’s offices are also based. Both they and the Nuggets hope to have new spaces of their own downtown as part of KSE’s 55-acre development project around Ball Arena.

“There’s one final hurdle that we’re in,” Kroenke said. “We hope to have some information relatively soon. We’re dealing with the city, and we’re working on pedestrian access over Speer (Blvd.) in and around that. So hopefully once we are able to iron out and finalize that with the city, we’ll be able to announce something. I don’t have an exact time frame, but we’re very close.”

Another was the future of the Avalanche payroll. The NHL’s salary cap ceiling is in an era of unprecedented, rapid growth. The ceiling was $95.5 million this season, but will rise to $104 million for 2026-27 and is expected to spike to $113.5 million the following year with future, similar hikes also expected.

That has led to speculation in the NHL that far fewer franchises will be willing to spend up to or near the cap ceiling. Twelve teams, including the Avalanche, spent up to or within $1 million of the cap ceiling this year, and half the league — 16 clubs — spent more than $93 million, or within $2.5 million of the ceiling.

“I think we’ve been a cap team for how many years now?” Kroenke said. “I think with the core players that we have, we’re going to keep being as aggressive as possible. I think that some of that stuff can kind of go in cycles, but I think if you have a core of Nathan McKinnon and Cale Makar, led by Gabe Landeskog, and then the depth that we have. I think you better be pushing it, trying to go for Cups.

“I think going for Cups means you are spending as much as you can when you can, and using your resources as smartly as possible as well.”

The Avs have failed four consecutive seasons to reach the finish line. But did you see the speed, the passing, the scoring before the final lap? Amazing, right?

Sports make hypocrites of all of us.

And the Avs’ long-awaited, season-ending press conference Thursday nestled their leadership firmly into this category.

For a franchise that adopted a Stanley Cup-or-bust mentality in October, vice chairman Josh Kroenke and president/general manager Joe Sakic sure seemed satisfied with a seven-month process that came up embarrassingly short in an early Las Vegas summer.

“Our style worked all year,” Sakic said. “It just didn’t work for one week.”

“The continuity is what has established this core group,” Kroenke added, “as elite.”

In the wake of another playoff disappointment, I naively thought management would shed their long-held beliefs and focus on sobering truths.

The truth is coach Jared Bednar’s system no longer works in the playoffs. Colorado can outscore anyone, anywhere in the regular season. However, force the Avs to face a possession-oriented, defensive-minded team that protects the middle of the ice in the postseason and watch them melt. Sakic, in one of his few moments of critique, allowed that the Golden Knights “frustrated” the Avs. More like took their soul and made the hockey world question their strategy and pride. But sure, let’s go with frustration (insert eye roll).

The truth is the Avs need a new voice. Keeping Bednar — and there was no discussion of moving on from him or any member of his staff — feels like staying in the marriage for the kids. Not sure if you heard, but the guys in the room have his back. “He has the total confidence of the players,” Kroenke said when I asked why the organization was sticking with Bednar. Chipped in Sakic, “He’s the best coach for the group. They love playing for him. They believe in him. And I am going with the players.” Letting the players make this decision is like allowing children to choose breakfast and wondering why they have a stomachache from ice cream and Flaming Hot Cheetos.

Not saying that Bednar is a Disneyland dad. But he is not a disciplinarian. Of course, the players adore him because his style is frenetic and fun. But how do they reward him when it matters most? After losing consecutive home games to the Golden Knights, the Avs took a 3-0 lead in Game 3 and collapsed. A suspect penalty on Josh Manson hurt, and Nathan MacKinnon blocking a puck with his knee really hurt, but those are excuses.

The shift after MacKinnon exited, the Golden Knights scored. Want to show you love your coach? Rise up in the biggest moments, not on a lazy Tuesday night in Columbus. Carolina’s Rod Brind’Amour is considered Bednar’s coaching twin. How did the Hurricanes respond to heart-in-a-blender losses in Games 1 and 3 to Las Vegas? With character-defining victories. The Avs countered by getting swept.

The truth is Sakic’s motivation for next season’s team is flawed. “They will be hungrier,” he insisted. Older? Definitely. Hungrier? Nope. Seriously, how much bigger an appetite for redemption can they muster? They entered last year with an unhealthy obsession to avenge their playoff elimination by Dallas. So, climbing one rung higher and losing to a different team will lead to raising the Cup? Sorry. Not buying it. Nobody can question the Avs’ drive. They want another championship, but are they willing to adapt in the postseason to get it?

The truth is the Avs are not winning another title without the schedule breaking their way. We all loathe the NHL’s postseason format that pits good teams in early rounds and dilutes the value of a top seed. Only one of the last 15 Stanley Cup winners also won the President’s Trophy, a statistical oddity that does not exist in the NFL, MLB or NBA. But nothing sounds more limp than a great team asking for help. If the Avs faced Utah and Anaheim in the first two rounds, do they beat Las Vegas? Maybe. But the Avs put together one of the best seasons of all time, so the idea that they must have the perfect path to reach their goal is unbecoming.

The truth is the Avs must confront uncomfortable questions with their roster. They looked tired in the playoffs because they are getting old. The reality is that it is more likely that Brock Nelson, Valeri Nichushkin and Nazem Kadri regress than have greater success. Same goes for Parker Kelly.  The Avs must look to trade one of their big contracts to slow the aging process and leave them fresher in the postseason.

The truth is that one championship is not enough for the core of Nathan MacKinnon, Cale Makar and Gabe Landekskog. Yet, where the masses saw disappointment, Sakic saw accomplishment. “We could panic and blow it up and start it over. But what this team did was pretty remarkable. The last two trade deadlines were meant not just for that year but to bring another Stanley Cup (eventually).”

The Avs have a handful of needs this offseason — Mackenzie Blackwood must establish himself as the No. 1 goalie after Scott Wedgewood showed his ceiling and Colorado requires a new power play plan.

The Avs’ biggest need is not a change in their roster, but a change in their belief system. They must be willing to get more physical and tougher.

Otherwise, Makar will be wincing through pain trying to explain the unfathomable, Blackwood will be dropping F-bombs in disbelief and MacKinnon will be ducking reporters despite being the team’s best player.

Sakic said that the Kroenkes have given him everything he needs. There might be, Sakic hinted, a trade. But it is hard to see a seismic event matching what has occurred over the last two seasons. The roster, for the most part, is set.

The truth is the Avs cannot change the ending until they change their thinking. Their loyalty is going to prevent them from posting the necessary eight more postseason victories.

The Avs are going to be good next season.

But the truth is, they are not going to win another Cup without changing how they view their team. And those are just the cold hard facts.

The biggest piece of roster construction for the long-term future of the Colorado Avalanche this season has nothing to do with the 2026-27 roster. Makar is entering the final year of his contract and can be an unrestricted free agent on July 1, 2027.

He is also eligible to sign a new contract on July 1, 2026.

“Cale is going to finish his career here,” Sakic, now the Avalanche president and general manager, said. “We’re already talking to his agent, so we’re confident that something’s going to get worked out at some point. I mean, he’s got another year, but this summer we expect to have him signed.”

Makar is a two-time Norris Trophy winner as the NHL’s best defenseman. He’s been a finalist for the award six times in his first seven seasons. The only other player to achieve that was Bobby Orr, widely considered the best player at the position of all time.

This coming season will be the final one of a six-year, $54 million contract that Makar signed July 24, 2021. He and Quinn Hughes, the two players widely regarded as the best defensemen in the sport today, are in the same situation — both have one year remaining, both are eligible to sign new contracts in three weeks.

Hughes’ teammate with the Minnesota Wild, Kirill Kaprizov, reset the top of the NHL pay scale when he signed an eight-year, $136 million contract in September, giving him the highest cap hit in the league at $17 million per season. The second-highest paid player in the league is Edmonton center Leon Draisaitl, at $14 million per year.

Nathan MacKinnon is currently the highest-paid player on the Avalanche, about to enter the fourth season of an eight-year, $100.82 million contract that carries a cap hit of $12.6 million per season. When Mikko Rantanen was traded 18 months ago, MacKinnon said Makar “deserves $20 million” per season the following day.

The top players in the NHL are likely worth that much or more per season, but Kaprizov is the first player to really push the ceiling of what a superstar can make in a significant way.

Makar finished second in the Norris Trophy voting this season after he had 20 goals and 79 points in 75 games. He missed the first two games of the Western Conference Final against Vegas, and was laboring at the end of the second-round series against Minnesota because of a shoulder injury. He had also missed time in a game earlier in the Wild series after an awkward collision behind the net with Minnesota’s Marcus Foligno.

Makar finished the playoffs with five points in 11 games, his lowest per-contest output in the postseason of his career. There had been speculation that the start of next season could be in jeopardy for Makar because of the recovery time needed.

Sakic contradicted that speculation Thursday when asked about injury updates.

“Everybody’s going to be at training camp,” Sakic said. “Everybody’s going to be 100%, so that’s a positive going into the summer. There’s nobody that’s going to miss any time to start the season.”

The Colorado Avalanche captain became the first player to return to the NHL after having knee cartilage replacement surgery, part of a grueling process that cost him more than 1,000 days of being a hockey player. The Professional Hockey Writers Association on Tuesday named him as the 2026 recipient of the Bill Masterson Memorial Trophy, in part because of the lengths he went to get back to this team.

He also won the Mark Messier NHL Leadership Award, which is chosen by the former Oilers, Rangers and Canucks star.

The Masterton Trophy is awarded to the player “who best exemplifies the qualities of perseverance, sportsmanship, and dedication to hockey.” It is not meant to be solely a comeback player of the year award, but it would be impossible to argue that Landeskog has not personified those qualities over the past four seasons.

He is the first winner in franchise history. Colorado Rockies goaltender Glenn “Chico” Resch also won in 1982.

“I think it’s so well deserved,” Avs coach Jared Bednar said when Landeskog was named a finalist in early May. “I think he’s going to win it. I think he should win it. … There’s not many guys in the history of the NHL that have been able to kind of go through something like that for that length of time, and that much of a rigorous rehab, and wears on you mentally, physically, and to be able to come through the other side and still be the player that he is … and be the leader he is.”

Landeskog knew he was going to win the Messier leadership award, but his family surprised him with the Masterton Trophy during a filmed segment on ESPN’s pregame show ahead of Game 4 of the 2026 Stanley Cup final.

The Masterton Trophy was presented to Landeskog after he watched a short video with messages from Dr. Matthew Jordan, teammates Nathan MacKinnon and Cale Makar, his father Tony and his wife, Melissa.

Landeskog knew he was going to miss some time after helping the Avs win the Stanley Cup in 2022. He embodied the sacrifice winning an NHL championship can demand, accepting the Cup from NHL deputy commissioner Bill Daly on June 26, 2022. The Avs captain lifted the trophy towards the sky with one healthy knee, while the other was just beginning to betray him.

The final total was four procedures on his knee, the last major one being cartilage replacement surgery. Other hockey players have had the procedure, but none have returned to the NHL. For most people, the surgery is something that improves future quality of life, not a path back to being a competitive professional athlete.

Landeskog’s return, first with the Colorado Eagles and then the Avs during the 2025 Stanley Cup Playoffs, was the stuff of storybooks. He was nominated for the Masterton Trophy a year ago, but had barely played any games when it was time for the PHWA to vote.

The next unknown was how Landeskog’s knee would react to the day-to-day of a full season again. The adrenaline of the playoffs was one thing, but the grind of a long campaign was something very different.

Landeskog’s first full year back was an incredible success. He helped the Avalanche win the Presidents’ Trophy, a near wire-to-wire run as the league’s best team in the regular season.

It was remarkable that Landeskog did not miss a game because of his knee. There were no nights off for maintenance or rest.

It was even more remarkable that Landeskog had to deal with a pair of incredibly painful injuries, a further testament to his perseverance. Landeskog sustained broken ribs after crashing into a goal post. He took a Cale Makar slap shot to the groin that needed surgery as part of the recovery process.

Despite all of it, Landeskog finished with 14 goals and 35 points in 60 games in the regular season. That was the most games he’d played in a regular season since 2018-19. He scored at a 26-goal, 57-point pace over his final 44 games after an understandably slow start.

Then came the playoffs, when Landeskog reminded everyone of his ability to produce at the most important time of the year — six goals, 11 points in 13 postseason games. He scored three of his team’s seven goals against Vegas in the conference final.

Landeskog has not only personified the best qualities of a deserving recipient of the Masterton Trophy, but he has also redefined the limits of being the archetype as a leader and a warrior in hockey.