Here's a year-by-year breakdown of the pact, according to TSN's Pierre LeBrun:
Based on those figures, the average annual value would be $4.1 million.
Toews was a restricted free agent who had a salary arbitration hearing scheduled for Oct. 31.
The Avalanche acquired Toews in a trade with the New York Islanders on Oct. 12, with two second-round picks heading the other way.
He collected six goals and 28 points over 68 games with the Islanders in 2019-20. It was his second NHL season, and he spent both with New York.
The 26-year-old ranked fifth on his former club in average ice time (20:30) this past campaign.