Another big mistake by Colorado. Saad was a machine in the playoffs (think he was tied for their goal scoring lead) AND has the Stanley Cup experience and wins. You need players like that on a team that's never won. Colorado got worse this offseason.
I think it was expected that Colorado got worse this season, their cap situation wasn't great. If they got Saad at 4.5 they could have fit him and Jost in, but that means a roster size of 20 and only guys in their system to bring up so it might not have been feasible.
The writing is on the wall with the Avalanche, things are going to change drastically after the upcoming season. Kadri, Burakovsky, Nichushkin - all UFA after this season - along with guys like Helm, Matteau, Sherwood who they just signed. They have a decent set of prospects, but the two key guys are Bowen and Newhook and Bowen is already on the roster. Without them they are middle of the pack. They don't have the top-end prospects to replace those UFA's so they are probably going to have to sign guys, which isn't cheap. They could try and gut their pool with trades to extend, but I'm not sure their prospects have the value to bring in the necessary pieces, it's not like they are full of A-level guys. They will certainly have a ton of space, but the UFA guys they have now are going to be looking to cash in.
Even if they signed Saad for what St.L did, the 5 years is a problem. MacKinnon is going to get double digits, meaning their top 3 forwards + Makar are going to be taking up over 40% of their cap space after a couple of years.
I've been impressed with Sakic, but I think the expectation was this past year was their best shot. Having Kadri, Saad, and Burakovsky on those older contracts gave them some wiggle room. They are going to look quite different in 22-23, Joe's got his work cut out for him.