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Monday, June 30, 2008

Avs re-sign Liles and Foote

From TSN:

Sources tell TSN 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 is likely to be formally announced Monday.It's also expected the Avalanche will announce then that they have also re-signed Foote.

Sources tell TSN Foote's deal is believed to be for two years and a total of $6 million, or $3 million per year.

Read more about the signings here.

Foote's deal is reasonable in both term and salary. The Avs really had no choice but to re-sign him after giving away a first round pick to secure his services at the deadline. That being said, he is still a solid stay-at-home defenseman, who is a strong voice in the dressing room.

As for Liles, his contract seems reasonable as well. Liles is just entering some of his prime years, so his four year deal is a perfect amount of time. Additionally, $4 million per season is about what defensemen of his skill-level are making.

Good work by Francois Giguere and Co.

Ballhype: hype it up!

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