The Colorado Avalanche paid a hefty price to acquire goaltender Darcy Kuemper from the Arizona Coyotes after failing to come to terms with their free-agent starter Philipp Grubauer.

The Avalanche traded a 2022 first-round pick and young defenseman Conor Timmins for the 31-year-old Kuemper, a source confirmed to ESPN on Wednesday.

The Avalanche also gave the Coyotes a conditional 2024 third-round draft choice.