The deal announced by the Avalanche on Monday will keep Giguere with the team through the 2013-14 season.
The 35-year-old Montreal native appeared in 32 games last season, his first with the Avalanche. He had the lowest goals-against average, 2.27, of any Colorado goaltender since David Aebischer in the 2003-4 season.
We're buyers. We're committed to winning. That's what [owner Vinnie Viola] has said all along and what we've said all along. We want to win. We want to win a championship. We're putting the pieces together, step by step, and we're hopeful that Jaromir can lead these young guys to the promised land. It's a win-win for us.
— Panthers GM Dale Tallon on Jaromir Jagr, who he traded for from the Devils on Thursday