Budaj, 23, agreed to a three-year contract, solidifying him as the backup for Jose Theodore. Budaj tied for sixth among NHL rookies last season with 14 wins (14-10-6) and allowed two goals or less in 17 of his 29 starts.
"Peter Budaj showed tremendous ability last season," general
manager Francois Giguere said. "Along with Jose Theodore, we
believe they will be one of the top goaltending tandems in the NHL
heading into the 2006-07 season."
McCormick, 23, had four goals and four assists in 45 games for the Avs last season.