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.
I'm here to develop a winning culture and a winning team. There is a bright future ahead of this team. A lot of young, great hockey players here and on the way … a fan base that's passionate about the game of hockey.
— Dan Bylsma after being introduced as new coach of the Buffalo Sabres