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Avs sign Varlamov to five-year, $29.5 million extension

Jan 30, 2014, 7:38 PM EDT

DALLAS, TX - NOVEMBER 1: Semyon Varlamov #1 of the Colorado Avalanche looks on during a timeout against the Dallas Stars on November 1, 2013 at the American Airlines Center in Dallas, Texas. (Photo by Cooper Neill/Getty Images) Getty Images

The 2013-14 campaign is one Semyon Varlamov won’t soon forget.

On Thursday, Varlamov re-upped with Colorado on a five-year, $29.5 million extension — one that carries a $5.9 million annual cap hit, putting him among the NHL’s 10 highest-paid netminders starting next season.

“Undoubtedly, Semyon has been an impact player for us this season,” said Avalanche vice president Joe Sakic said in a statement. “At only 25 years old, he is entering the prime years of his career and he wants to be part of this franchise moving forward.

“We are very excited to have come to terms with him and the fact that he has agreed to a five-year extension demonstrates his commitment to the Avalanche and what we’re trying to accomplish.”

The extension will signify a big raise for Varlamov, who is currently in the final of a three-year, $8.5 million deal with a $2.83M cap hit.

Varlamov has posted a 26-9-5 record with a 2.43 goals-against average, .925 save percentage and one shutout in 42 games (39 starts) this season. He was selected to represent Russia at the Winter Olympics in Sochi and, should he maintain this level of play, will likely be in Vezina consideration at year’s end.

Of course, Varlamov came under heavy scrutiny this season after he was charged with third-degree assault following allegations of assaulting his girlfriend at their home on Oct. 30. Those charges were later dropped —  “it became clear we didn’t have a belief we could prove it beyond a reasonable doubt,” Denver district attorney spokeswoman Lynn Kimbrough said, per the Denver Post — but Varlamov’s accuser stood by her story, saying she was “saddened” by the D.A’s decision.

UPDATE: Interesting note here about Colorado’s cap situation for next season, from ESPN’s Craig Custance…

The Avs also have a decision to make with pending UFA center Paul Stastny.

 

  1. charlieconway96 - Jan 30, 2014 at 7:56 PM

    That photo brightens my day every time its posted. Thank you PHT.

  2. savior72 - Jan 30, 2014 at 8:52 PM

    That’s a lotta dough for an average goalie, wow!

  3. elvispocomo - Jan 30, 2014 at 9:10 PM

    Can they afford all this plus the other pieces they need to keep/re-sign?

    • lordfletcher - Jan 30, 2014 at 9:20 PM

      afford, maybe not… but they can make it fit in the cap

      • elvispocomo - Jan 30, 2014 at 9:27 PM

        That’s what I mean. Perhaps not bringing back Stastny or trading Parenteau is enough to make them cost conscious, but it’ll depend on the owners I guess.

      • andidee15 - Jan 31, 2014 at 12:24 AM

        KSE owns 6 different major league sports teams, 2 arenas, a ticketing agency, a TV sports station, almost 900,000 acres of land (8th most in the US), and are the heirs to the Walmart fortune. They also had a $63 mil payroll for the Avs back in *2003*.

        If they think spending on the Avs is worth the investment, then I’m pretty sure they can afford it. The Avs also have $26+ mil in cap space for 8 players next year, so money really shouldn’t be an issue.

  4. imleftcoast - Jan 30, 2014 at 9:24 PM

    That’s ‘beat your wife’ money. I loved Bill Belichick saying he had no idea about Aaron Hernadez’s history 3 months after the Pats signed a $40m contract extension with him. Good luck with this contract Colorado. I’m sure he’ll get an amicable divorce, and that was all a big misunderstanding.

    • pxland - Jan 30, 2014 at 9:32 PM

      Do you have any idea what you’re talking about?

    • jernster21 - Jan 31, 2014 at 12:12 PM

      You sure know a lot about Varlamov, considering he wasn’t married, alas, is not getting a divorce. Keep talking out of your ass though.

  5. blomfeld - Jan 30, 2014 at 9:58 PM

    ALL WORK AND NO PLAY MAKES VARLAMOV A DULL BOY

  6. killerpgh - Jan 30, 2014 at 10:09 PM

    A bit higher of a cap hit than I thought he would would of got. I expected closer to 5 than 6. But players are worth what a GM will give them and with the Cap going up so will players salary.

  7. therooneyskilledwebster - Jan 31, 2014 at 12:28 AM

    Don’t worry about the salary cap. Just put the Broncos front office in charge and all your worries will go away.

  8. mrpinkca - Jan 31, 2014 at 2:18 AM

    Five years is a lot of term for somebody who has been inconsistent for the previous five years and very good for the previous 42 games.

    Then again, Crawford got one more year for be worse behind a better defense, so who knows.

  9. patshal - Jan 31, 2014 at 7:01 AM

    Great decision by the Avs

  10. hky187 - Jan 31, 2014 at 9:28 AM

    I’d rather have him than Crawford. why so much hate on varlamov?

  11. jernster21 - Jan 31, 2014 at 12:18 PM

    Even with a couple bad years on bad Avs teams, Varly was a bargain at 2.8m/yr. Consider that Devan Dubnyk has made more than Varly the past two years. A well deserved raise for a goalie that has been the real MVP of the team, and a huge part of the turn around. BTW, in addition to Custance’s tweet, Duchene’s extension kicks in at 6m/yr next year as well.

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