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Washington Capitals center Matthew Phillips (45) in action during the third period of an NHL hockey game against the Toronto Maple Leafs, Tuesday, Oct. 24, 2023, in Washington. The Maple Leafs won 4-1. (AP Photo/Nick Wass)
Washington Capitals center Matthew Phillips (45) in action during the third period of an NHL hockey game against the Toronto Maple Leafs, Tuesday, Oct. 24, 2023, in Washington. The Maple Leafs won 4-1. (AP Photo/Nick Wass)
DENVER, CO - AUGUST 1:  Matt Schubert - Staff portraits at the Denver Post studio.  (Photo by Eric Lutzens/The Denver Post)
UPDATED:

The Colorado Avalanche continued to add forward depth Friday, announcing the signing of Matthew Phillips to a one-year contract for the upcoming season.

The two-way contract is for $775,000 at the NHL level and $287,500 in the AHL, according to a league source, with the 26-year-old Phillips likely to swing between the Avs and Colorado Eagles.

The 5-foot-8, 160-pound forward spent time with the Washington Capitals and Pittsburgh Penguins last season, tallying five points (one goal and four assists) over 31 games. All five points came in his 28 games with Washington. He appeared in three games with Pittsburgh after being claimed on waivers Feb. 16. He has played in just 34 NHL games total between stints with Washington, Pittsburgh and Calgary, with his first point coming last October against the Flames.

Phillips has been a scoring terror as a two-time All-Star at the AHL level, accumulating 243 points (106 goals, 137 assists) over 274 regular-season games. He has 15 points (four goals, 11 assists) across 30 AHL playoff games.

Phillips finished last season with the Hershey Bears, Washington’s AHL affiliate, and had six points (three goals, three assists) in nine games and skated in six playoff games to help the Bears win the Calder Cup.

The Flames drafted him with the 166th overall pick in the sixth round of the 2016 NHL draft.

The Denver Post’s Corey Masisak contributed to this report.

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