Grubauer, 26, was traded to Colorado on Friday night in a deal that sent the 47th overall pick in the NHL Draft to the Washington Capitals. He was a restricted free agent.
The native of Rosenheim, Germany was drafted in the fourth round by the Capitals in 2010 and has spent the past several seasons serving as backup to Braden Holtby.
Grubauer sports a 2.29 goals-against average and .923 save percentage in 101 career NHL regular-season games and figures to earn significant time in the Colorado crease going forward.
He was dominant this past season, compiling 15 wins to go along with a 2.35 goals-against and .923 save percentage across a career-high 35 games.