Definitely a change in philosophy. $5.25M and with term are both more than the Avs like to pay their goalies. Hope he can continue playing well.
Feels like the market (other teams wanting goalies) dictated this number too.
You wouldn't think he'd command this much at 28 on his GAA and Save % alone. That's not necessarily an indication of his ability, since he's played on some bad teams, but it usually does have an impact on your leverage in negotiations.
In terms of cap % the Blackwood signing isn't dramatically different from previous goalie signings the Avs have made recently:
Grubauer signed for $3.33m when the cap was at $79.5m =
4.19% of the cap
Kuemper was acquired with a $3.5m AAV (after retention) when the cap was $81.5m =
4.29%.
Georgiev signed for $3.4m aav when the cap was at 82.5m =
4.12%.
Blackwood $5.25m when the cap will be around $94m =
5.59%.
Blackwood is getting 1 - 1.5% higher than his predecessors, but the Avs are also buying some extra UFA years and thereby getting some stability in the position. Seems like a fair compromise that isn't far off the Avs usual cap allocation in net.
Moreover, they've had Francouz as the backup most of the last few seasons and he was earning $2m. Wedgewood is earning $0.5m less than him until 2026, and then Nabokov on an ELC will earn even less than Wedgewood, which will obviously lower the % spent on backups relative to recent years as well.
For example, in the cup year Kuemper + Francouz cost a combined $5.5m, which was 6.74% of the cap. In 2025/26 Blackwood ($5.25m) + Wedgewood $1.5m) will cost a combined $6.75m, a combined 7.18% of the cap (estimated at $94m). So a difference of less than 0.5% spent on goalies, which is hardly a significant shift in philosophy relative to the cap.