The title says it all...except my dismay. Budaj is a great back-up and spot starter. But for a team strapped for cash (cap space) like Colorado, paying back-up goaltenders 1.25 million is not logical. Also, why did he get a raise (800K last season) after posting a 2.86 GAA and 0.899 SV% (both numbers the worst of his career)?
By my calculations, Colorado has 46.058 million committed to 15 players next year:
With a salary cap of 56.8 million next season, that only leaves 10.8 million to spend on 5 players (3 forwards, 1 defenseman, 1 goalie). And that's assuming there are no healthy scratches (which there will be). In addition, you'll notice that list doesn't include David Jones (who was offered a qualifying offer), Matt Duchene (who's cap hit with bonuses will surely be over 2.5 million), and Joe Sakic (who I doubt will play for under 4 million dollars...assuming he doesn't retire).
This, folks, is a sign of bad management. I like the idea of keeping Budaj as a back-up, but unless Tucker is bought out (only one day left) or some other salary is moved, it's going to be quite hard to sign quality free agents. Such as a starting goalie. After this signing, it looks as though Colorado might go the Ty Conklin route: having another bargain goaltender and Budaj battle it out for the starting job.