TSN reports Jarome Iginla has signed with the Colorado Avalanche on a three-year contract worth $16 million 

Jarome Iginla lands with the Avalanche.

Jarome Iginla lands with the Avalanche.

 SPECTOR’S NOTE: Iginla heads to his fourth team since March 2013 in search of that elusive Stanley Cup. Iginla wanted to re-sign with the Bruins but they lacked the cap space to do so.

Big gamble for the Avs. Iggy should give them one good year, maybe two, but after that…He turned 37 today and signing him to a deal of that length could hurt the Avalanche if he fades by the final year. Investing $5.33 million annually is too much for too long to spend on a fading asset. Nothing against Iginla, he’s been a great player, but he’s not worth that much anymore.