Avalanche reportedly settle with Nieto, avoiding arbitration

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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.