While the Avs are immensely skilled, the last few playoffs have shown that they need more size and toughness to allow their skilled players to shine. Physical, grinding hockey is the Avs kryptonite and they need more roster balance to be able to play any type of hockey, the way that Tampa has been built to play any style.
This is what I'd try to do in the offseason, hoping that Landeskog, Grubauer, Saad, and Makar (on a bridge) are willing to take a little less than what they can get on the open market.
Trading Girard is the key to the offseason as you need him to either acquire a top second line center or an all-around defenceman that can play in all three zones.
Assuming Hampus Lindholm does not want to resign in Anaheim, I would trade Girard, Compher for Lindholm. Lindholm is the better all-around player but Girard is on a sweetheart deal for 6 more years and would be a tremendous get for a pending UFA. Dumping Compher offsets some of the difference. Of course, you only do this is you're confident Lindholm would re-sign.
Lose Graves to expansion
Trade Donskoi, Timmins, and a 1st rounder for Faksa
Sign Armia for his size, board battles, puck protection, defense, and adequate speed and shot. Let him do the dirty work on the 1st line and allow Mikko to elevate the quality of the second line, giving Kadri and Burakovsky the playmaker they need.
Sign Oleksiak to be what Graves and Nemeth are supposed to be.
Buy-out EJ and then re-sign him for 4 years at 1 million, effectively spreading out the 12 million he is supposed to make over 4 years instead of 2.
Projected team would be:
Landeskog (7); MacKinnon (6.3); Armia (3)
Burakovsky (4.9); Kadri (4.5); Rantanen (9.25)
Newhook (900k); Faksa (3.25); Saad (4.25)
Nichushkin (2.5); Jost (2); O'Connor (725)
Lindholm (5.2); Makar (8)
Toews (4.1); Johnson (3)
Byram (894k); Oleksiak (2)
Veteran UFA or MacDonald (1 million)
Grubauer (5.75)
Francouz (2)
This would be a fast, skilled, physical, well-balanced team that can play up and down or grind-it-out hockey. Looking at the long-term, Burakovsky would be replaced by Santa and his cap space can be used to give MacKinnon his raise. Barron and Helleson should be groomed to replace Toews and Johnson and the cap savings can be used to pay Byram.