The Avs cap situation is better then it was last year. They can afford to keep Blake, but if he gets an outrageous offer from somebody else, he'll be gone. Toronto isn't in any position to add salary. They are in a worse position then the Avs are. Belfour is gone and what will they do...probably bring back Cujo. There is a reason why they haven't won a Cup since 67.
The Avs have to make changes and it may take more then one offseason for this team to be a strong contender again. It isn't Detroit, Dallas and Colorado any more. You have to build your team like Anaheim, San Jose and Buffalo. Youth, skill, toughness and speed.