Forward Andrew Cogliano signed a new one-year contract with the Colorado Avalanche on Tuesday, avoiding testing the National Hockey League free agent market.

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According to Sportsnet, the 35-year-old veteran will receive $1.25 million. During the last campaign, he earned a salary of $1 million.

Having started the 2021-2022 season with the San Jose Sharks, Cogliano was traded to the Avs at the trade deadline and helped the Denver team win the Stanley Cup. In 74 games, the Ontarian had four goals and 12 assists for 16 points. During the playoffs, he scored six points in 16 games.

The 25th overall pick in the 2005 draft began his career on the Bettman circuit with the Edmonton Oilers in 2007-08 and racked up 426 points in 1,140 contests.