Is this the reason why or is it your theory?
Personally speaking, if Avs were the reason why they did not want to sign Sward, there has to be a HUGEEEEEEEEEEEEEEE disconnect between some of the scouting staff and other front office Avs personnel. It goes back to multiple failures of picks like trading up for Silas, drafting Colby Cohen in the 2nd round, drafting Mitch Heard in the 2nd round, drafting Connor Bleackley in the 1st round, drafting Aman and then letting him walk, drafting effing Saigon, drafting Jost, drafting Siemens, drafting Greer/Meloche, drafting Magyar who freakin' retired when he was in the OHL, drafting Kaut, drafting Newhook, drafting Stienburg, drafting Buyalsky, drafting Zhigalov, drafting Ishimnikov, drafting Hanzel (which looks like they were not going to sign based on some rumours), and others.
I get that listing 7th-rounders like Zhigalov is probably unfair, but it is nonsense at this point because we've had three head scouts the past 10-12 years yet the same problems keep popping up. I only listed Ivan not because he was ever becoming an NHL calibre goaler, but due to how much of an utter disaster his career has been since the Avs drafted him. Klippenstein is the bloke who drafted Buyalsky that high and even though he was an interesting risk, you had a highly hyped player in Red Savage go in the 4th round and look like a steal. Dillon Duke is another one in the 4th round and was fairly hyped entering his draft year as well. There are much better interesting prospects to draft in the middle and later rounds, but Avs just don't like picking them. It has to come down to philosophy or something from somebody higher up because these same occurrences keep happening where you're not even drafting good ECHL talent, you keep drafting trash like Saigon who's getting by as a bottom 6 ECHLer.