Feb 28, 2013, 9:39 PM EDT
Just a few hours after Calgary announced it had signed Ryan O’Reilly to an offer sheet, the Colorado Avalanche announced they matched it.
In a brief statement posted to the team website, the Avs confirmed they’ve agreed to match a two-year deal with an average annual value of $5 million. O’Reilly, 22, will have a salary of $1 million for this season, plus a $2.5 million signing bonus.
Next season, he will be paid $6.5 million.
Had the Avalanche not matched, they would’ve received Calgary’s first- and third-round picks in the 2013 NHL draft as compensation.
But the Avs did match, a development that should provide some interesting moments.
The potential for awkwardness is off the charts considering how soured the relationship between O’Reilly and the organization has become — last week, O’Reilly’s father wrote a scathing email to the Denver Post, blasting the organization and how it handled contract negotiations. Earlier, defenseman Shane O’Brien said the situation had “gotten ugly.”
That said, it didn’t take long for Colorado to decide O’Reilly was worth $10 million dollars.
The Denver Post’s Adrian Dater reports the Avs decided to match Calgary’s offer sheet after “about two hours” after consultation with ownership. It also ensures that Colorado will retain O’Reilly for at least a calendar year, as teams aren’t eligible to trade players for a full season after matching an offer sheet.
So, looking ahead, Colorado can’t trade O’Reilly until Feb. 28, 2014 — a curious date, given the 2012 NHL trade deadline was Feb. 27 and the year before, it was Feb. 28.
Of course, the 2014 trade deadline could be bumped if NHLers participate in the Winter Olympics in Sochi (in 2010, the deadline was on Mar. 3.)
Another aspect to consider is what Colorado will be faced with by the contract’s end. In 2014, O’Reilly will still be a RFA and coming off a year in which he earned $6.5 million, meaning any qualifying offer must be at least that much.
Jul 30, 2015, 7:11 PM EDT
At one point he was listed as the top European skater in the 2015 draft.
Jul 30, 2015, 5:52 PM EDT
The Flyers also have forwards Claude Giroux and Sean Couturier locked up.
Jul 30, 2015, 4:22 PM EDT
The 37-year-old still wants to continue his career.
Jul 30, 2015, 3:00 PM EDT
Along with Yao Ming.
Jul 30, 2015, 2:01 PM EDT
“Nobody benefits from a short-term deal like this, in particular, our hockey department.”
Jul 30, 2015, 1:15 PM EDT
Vancouver wasting little time locking up the target of Tuesday’s trade.
Jul 30, 2015, 12:50 PM EDT
Boston could use some depth on its back end.
Jul 30, 2015, 11:50 AM EDT
Hearing is scheduled for Friday at 9 a.m. ET.
Jul 30, 2015, 10:50 AM EDT
Alleged incident involved a female victim.
Jul 30, 2015, 9:50 AM EDT
As opposed to just his skill.
Jul 30, 2015, 9:00 AM EDT
The former general manager “wasn’t prepared to make the changes that needed to be made.”
Jul 30, 2015, 8:00 AM EDT
Thursday’s collection of links.
Jul 29, 2015, 10:40 PM EDT
He played in 502 games, primarily with the Toronto Maple Leafs.
Jul 29, 2015, 9:12 PM EDT
The 24-year-old gives agreed to an entry-level deal.
Jul 29, 2015, 7:49 PM EDT
Will he live up to his next contract?
Jul 29, 2015, 6:27 PM EDT
“It really wasn’t about Dainius himself.”
Jul 29, 2015, 4:57 PM EDT
His collection can be had for $5.7 million.
Jul 29, 2015, 3:31 PM EDT
The contest will air on Dec. 31 while the Classic itself is scheduled for 1:00 p.m. ET on Jan. 1.
Jul 29, 2015, 2:28 PM EDT
Staying healthy would help, too.
Jul 29, 2015, 1:22 PM EDT
The Seal Beach Detention Center isn’t exactly Shawshank.
- Voracek turns monster season into massive eight-year deal 23
- Report: Canucks, Sutter closing in on five-year deal, north of $20M 23
- Voynov serving sentence at jail that once advertised it had flat screen TVs 45
- Report: Bernier and Leafs more than $2 million apart ahead of Friday’s arbitration hearing 10
- Flyers re-sign Couturier: six years, $26 million 40
- Benning calls Sutter a ‘foundation piece’ for Canucks 24
- Here’s a chart that shows which teams have been good/bad at drafting 40
- Penguins sign Fehr to three-year, $6 million contract 22
- Trade: Penguins send Sutter to Canucks for Bonino, Clendening 54
- NBC Sports to broadcast 105 NHL games in 2015-16 58
- He’s baaaaaack: Leafs pull a stunner, hire Lamoriello as GM (Updated) (84)
- Bettman says NHL would have to ‘consider’ putting Quebec City in the Western Conference (70)
- Rangers sign Stepan — six years, $39 million (62)
- NBC Sports to broadcast 105 NHL games in 2015-16 (58)
- Trade: Penguins send Sutter to Canucks for Bonino, Clendening (54)