It was the franchise's 36th season, 29th in the National Hockey League, and 13th as the Colorado Avalanche.
The Avalanche were the most disciplined team during the regular season, with only 301 power-play opportunities against.
[1] Divisions: PA – Pacific, CE – Central, NW – Northwest bold – qualified for playoffs, y – division winner, p – Presidents' Trophy winner
Note: GP = Games played; G = Goals; A = Assists; Pts = Points; PIM = Penalty minutes As of 6 April 2008[update] [1] Note: GP = Games played; TOI = Time on ice (minutes); W = Wins; L = Losses; OT = Overtime/shootout losses; GA = Goals against; SO = Shutouts; SV% = Save percentage; GAA = Goals against average The Avalanche were involved in the following transactions during the season: Colorado had nine picks at the 2007 NHL Entry Draft in Columbus, Ohio.
The Avalanche had a new American Hockey League affiliate in the Lake Erie Monsters, based in Cleveland, Ohio.