Hinote became a restricted free agent July 1. He could have
become an unrestricted free agent had the Avalanche not tendered
him a 10 percent raise from the $700,000 he made last season.
Hinote has been with Colorado for five seasons.
Rachunek, a restricted free agent, had two goals and 19 assists in 72 games with the Rangers and Ottawa Senators last season.
New York also signed left wing Lucas Lawson and defenseman Jeff
MacMillan. Lawson skated in 32 games with the Hartford Wolf Pack of
the American Hockey League last season, scoring three goals and adding four assists.
MacMillan spent most of last season with the Utah Grizzlies of the AHL, registering four goals and six assists in 73 games.
Terms of the deals were not disclosed.
New York Islanders: The New York Islanders purchased the Bridgeport Sound Tigers, taking control of their minor league
hockey affiliate and ending financial uncertainty surrounding the franchise, team officials said Thursday.
The Islanders, the Sound Tigers' parent club, purchased the franchise rights from a team led by owner and president Roy Boe. The purchase price was not disclosed. Boe will retain minority
The deal came after months of questions about the team's financial future.
The Islanders sued the owners of the Sound Tigers in April, accusing the American Hockey League team of falling behind in its affiliation payments. The lawsuit was dropped earlier this month.