In exchange, the Capitals pick up minor-league forward Scott Kosmachuk, a second-round pick in the 2020 draft and a third-round selection the Avalanche previously picked up from Arizona.
The 24-year-old Burakovsky played in 76 games for Washington in 2018-19 and had 12 goals. He also helped the Capitals win a Stanley Cup title in ’17-18. A first-round pick by Washington in 2013, Burakovsky has 62 goals and 83 assists in 328 career NHL games.
He figures to fit in well with a fast-paced Avalanche attack led by Nathan MacKinnon.
On Tuesday, Colorado sent forward Carl Soderberg to Arizona for defenceman Kevin Connauton.