The team has witnessed the solid offensive play of PA Parenteau and Matt Duchene this season, but overall the team wasn't able to get it together once the NHL lockout ended.
It's believed club president Pierre Lacroix is debating making significant changes to his team, which could affect the futures of GM Greg Sherman and head coach Joe Sacco.
Lacroix has attended several of the team's games of late, and various reports suggest he's reviewing his club, both on and off the ice, before throwing down the hammer.
Sherman was named GM of the Avalanche on June 3, 2009 and added the title of Executive Vice President in the summer of 2010.
He has been responsible for the selections of Duchene, Ryan O'Reilly, Stefan Elliott and Tyson Barrie in 2009, Joey Hishon in the first-round of 2010, and now-captain Gabriel Landeskog in 2011.
Despite the team's solid drafting of late, the Avs have yet to propel themselves into contender status, which has put Sherman and Sacco's jobs in jeopardy.
Sacco, meanwhile, was named the fifth head coach in Avalanche history, and the 13th in franchise history on June 4, 2009. To date, the 43-year-old has compiled a record of 129-132-30.
It's unclear when, or if, Lacroix will make a move behind the bench and in upper management, though if he goes in this direction, it could happen as soon as the regular-season ends, giving him ample time to find replacements in time for the NHL Draft.