Breaking: Colorado Avalanche forward Alex Tanguay out for the season, scheduled for hip surgery.

Nov 1, 2013; Dallas, TX, USA; Colorado Avalanche left wing Alex Tanguay (40) prepares to face the Dallas Stars during the game at the American Airlines Center. The Avalanche defeated the Stars 3-2 in overtime. Mandatory Credit: Jerome Miron-USA TODAY Sports

Per Adrian Dater of The Denver Post, Colorado Avalanche forward Alex Tanguay will be out for the rest of the season after deciding to undergo season-ending hip surgery on Friday.

Tanguay, 34, has had a season to forget for his hockey career. The forward would help the Colorado club to a 12-1 record to start the season but injured his knee against the Montreal Canadiens. The forward would not return until Jan. 24th against the Florida Panthers where he would record an assist in his first game back. 

Against the Dallas Stars on Jan. 27th, Tanguay would record his final point of the season, recording a goal that helped Colorado to victory. Colorado now faces some options before the NHL Trade Deadline on whether they should retain winger P.A. Parenteau or trade for a winger. Colorado will already be on the lookout for a defenseman which the team desperately needs.

The Colorado Avalanche will return to action next week Friday as they take on the Phoenix Coyotes at home. The team currently sits at third-place in the Central Division Standings, 5 points back of the St. Louis Blues and Chicago Blackhawks.