Andrew Raycroft signed a one-year $800,000 contract with the Colorado Avalanche. Raycroft was a free-agent after the Maple Leafs bought out the remaining year of this contract.
This looks like a good cheap gamble for Colorado. Raycroft will have to battle his own mental stability and get back his confidence as Boston walked away from him, Toronto bought him out, and he's earning around 1/3 of his old salary. Raycroft is probably thanking is lucky stars he's playing after a contract holdout with Boston in 2005.