Mikahil Grigorenko and the Colorado Avalanche have reached a settlement, as the centerman signed a one-year deal, the club announced Wednesday.
In closing a deal, both sides avoid arbitration. Colorado didn't disclose terms, but reports indicate it's worth $1.3 million.
The 22-year-old was traded to the Avalanche in the deal that sent Ryan O'Reilly to the Buffalo Sabres, where Grigorenko was drafted 12th overall in 2012.
In his first season in the Mile High City, Grigorenko notched six goals and 21 assists in 74 contests.
