The Colorado Avalanche made a trade on Draft Day, sending over a second-round pick (their #47) along with an agreement to be a salary dump for defenseman Brooks Orpik in exchange for goalie Philipp Grubauer.
The Washington Capitals promptly used the extra cap space to sign defenseman John Carlson to an eight-year contract with an $8 million yearly cap hit. (I’ll comment on that below.)
The Colorado Avalanche promptly signed Grubauer to a three-year contract worth $3.33 annually. They also put the 37-year-old Orpik on waivers in the first step of the buyout process.