Sources told TSN Sunday that Liles and the Colorado Avalanche have agreed to terms on a four-year contract worth an average of slightly more than $4 million per year.
Liles was scheduled to become an unrestricted free agent on Tuesday. The deal was formally announced Monday.
As expected, the Avalanche also announced that they have re-signed Foote.
Sources told TSN Foote's deal is believed to be for two years and a total of $6 million, or $3 million per year.
I'm thrilled that we finally have a bit of news to chew on. While I value guys like Brunette and Finger much more, bringing back Liles isn't a bad move, just a questionable one. To give a guy four million dollars when his production has been falling is a little peculiar; although, he did play better after the trade deadline last season. He'll be making roughly the same amount as Jay McKee and Adrian Aucoin next season. Putting it in perspective, it may turn out to be ok.
Adam Foote apparently was offered 3.5 million per yeah and decided to sign for 3. This is simply a rumor floating around on the message boards, but if it's true, Footer did the Avalanche a great service. His physical presence is going to be key for this team.
Updating Our List
Free Agency starts at 1 PM EST tomorrow. Here's the updated list of who Colorado is worrying about.
Unrestricted - Player can sign with any team starting July 1st
Restricted - Player is eligible to sign and receive offer sheets, but current team has chance to match
Fates Decided - Player has already made a decision in regards to future plans
Jaroslav Hlinka - Signed in Sweden
Scott Parker - Signed by Colorado (Terms Undisclosed)
Johnny Boychuk - Traded to Boston (for Matt Hendricks)
John-Michael Liles - Signed by Colorado (4 years, 16 million)
Adam Foote - Signed by Colorado (2 years, 6 million)