The Colorado Avalanche have re-signed goaltender Semyon Varlamov to a five-year, $29.5 million contract.

Avalanche re-sign Semyon Varlamov to five-year extension.

Avalanche re-sign Semyon Varlamov to five-year extension.

 SPECTOR’S NOTE: The deal is worth $5.9 million per season, representing a significant raise over his current $2.83 million per season cap hit. Varlamov was due to become a restricted free agent but the Avalanche evidently felt now was as good a time as any to get him under contract.

The 25-year-old goalie is having his best season to date, with a 26-9-5 record, 2.43 GAA and .925 SP. He’s a big reason for the Avalanche’s improvement this season. There may be some concern over signing him to such an expensive raise but the club feels he’s entering his prime and will continue to improve. If he does this could prove an affordable move by the Avs.

It’s also notable that his performance didn’t suffer during his recent legal woes involving a third-degree assault charge after he was accused of beating and threatening his girlfriend. Those charges were later dropped due to insufficient evidence.

 The Avalanche’s focus now shifts to re-signing UFA Paul Stastny and RFA Ryan O’Reilly.