Barrie is coming off his fourth full season with the Avalanche since being drafted in the third round in 2009.
The 2015-16 campaign marked the second straight season in which Barrie led all Avalanche defenders in scoring, doing so while also tying a career high with 13 goals in 78 games.
Barrie became the first restricted free agent to make it to an arbitration hearing on Friday. Reports suggested that Barrie was seeking a one-year, $6-million deal, while the Avalanche were reportedly looking for a two-year contract that would have paid Barrie $4 million and $4.25 million respectively.
With Barrie's deal done, the Avalanche have now signed all of their pending free agents.
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