It's reportedly worth $3.25 million, a source told The Athletic's Ryan Clark.
The Avalanche acquired Burakovsky in a trade with the Capitals on June 28. The 24-year-old recorded 12 goals and 25 points in 76 regular-season games with Washington last season and added two points across seven playoff contests.
Washington selected Burakovsky with the 23rd overall pick in the 2013 NHL Draft. He's recorded 62 goals and 145 points in 328 career games and helped the Capitals capture their first Stanley Cup in 2017-18.