On March 8, 2006, a day before the NHL trade deadline, Pierre Lacroix traded goalie David Aebischer for 2002 Hart and Vezina trophy winner José Théodore. This trade has been criticized in the local media because Théodore was having a very bad season and was injured at the time of the trade. On May 12, 2006, Lacroix announced that he would be giving up his general manager duties and focusing solely on a new role as team president. On April 8, 2008, Lacroix was inducted to the Colorado Sports Hall of Fame for his contributions to the Colorado Avalanche organization.