I don’t have the numbers but I would be surprised if the hockey operations as a whole are among the priciest.
Some examples historically : we shared a minor league team one year and our minor league system never had a lot of love, we never hire veteran coaches, didn’t have proper goalie coaches for years, I’d be surprised if we are close to the top for scouting expenses, did not participate in rookie camps and tournament for a long time, do the Avs have their own practice rink? (I remember some issues about ices during camp). That is just from the top of my head, others could add to that for sure.
I think things are getting better, after years of cost cutting, but the Avs are not setting the bar either.