Theodore most likely to sign new deal with Avalanche

From Adrian Dater of the Denver Post:

I think it’s highly likely Jose Theodore signs a new deal with the Avs soon. I also think you might see Peter Budaj traded. The Avs believe Tyler Weiman can be a good NHL backup next year. Budaj probably would fetch a decent draft pick in a deal, and the Avs would like to beef up their draft profile some. As of now, they have no first-round pick this year, and only six overall in what is expected to be a good draft.

Here is the entire article from All Things Avs.

Dater is on the inside in Denver, so I'm sure this is true. He also notes that Joe Sakic is likely to return to the Avs, but it is no sure thing.