On the first day of free agency, the Colorado Avalanche had an overall quiet day but made a couple of moves, one of which was extending Parker Kelly for four years. Kelly has one more season left on his current contract with an AAV of $825K, before this extension officially kicks in next year, which carries a $1.7 million AAV.
Kelly joined the Avs last summer when he was not offered a qualifying offer by the Ottawa Senators, effectively making him a free agent. At that time, Colorado offered him a two-year contract with an AAV of $825K, which is his current deal, before extending him today, as previously mentioned.