Reports begun to surface that the Colorado Avalanche have agreed to terms for a 1-year deal with veteran defenseman Adam Foote on Tuesday. The 38-year old defenseman has reportedly signed on for $1 million, plus incentives, which should give him just the single million as the cap hit for the time being. Foote will be looked towards for some more veteran guidance to a very young Avalanche team that is quickly learning the ropes of the NHL.
In 2010, Foote played in 68 games for the Avalanche, registering 9 assists during the year. His aging numbers are not very fantasy-worthy these days and he'll likely be around more for his mentoring and defensive play than his actual offensive production.
Foote's immediate $1 million cap hit looks good on the Avalanche, a team that is looking to stay somewhat flexible this Summer, likely looking to add on something bigger & better to take a good run at the playoffs in 2011. Right now, I have the Avalanche sitting with 14 players on their signed roster for $31.1 million, nowhere near the cap floor at the moment. You can see who else the Avalanche have signed here on their Pool Outlook from the beginning of the month.