The Colorado Avalanche have signed goaltender Alexandar Georgiev to a three-year, $10.2 million contract. The contract has an average annual value of $3.4 million. He was acquired by the Avalanche from the New York Rangers hours before the NHL Draft in exchange for a 2022 fifth-round pick and a 2023 third-round pick.
Georgiev was signed as an undrafted free agent by the Rangers in 2017-18. He has played with the Rangers his entire career to this point. The career backup had his strongest season in 2018-19, when he started 30 games and posted a save percentage of .914 and a GAA of 2.91.
He is coming off a two-year, $4.85 million contract, which has an average annual value of $2.425 million.