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Avalanche reportedly settle with Nieto, avoiding arbitration

Colorado Avalanche v New Jersey Devils

NEWARK, NJ - FEBRUARY 14: Matt Nieto #83 of the Colorado Avalanche skates against the New Jersey Devils at the Prudential Center on February 14, 2017 in Newark, New Jersey. The Devils defeated the Avalanche 3-2. (Photo by Bruce Bennett/Getty Images)

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Matt Nieto won’t need his arbitration hearing on Monday.

According to Sportsnet’s Elliotte Friedman, Nieto has agreed to a one-year, $1 million contract with the Colorado Avalanche.

Nieto split last season between San Jose and Colorado, which claimed him off waivers in January.

In 43 games for the Avalanche, the 24-year-old forward scored seven goals with four assists.

Nieto was the only Colorado player on this summer’s arbitration list. However, the Avs still have a restricted free agent in Nikita Zadorov, who could be off to the KHL next season.