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.
Sep 16, 2014, 10:13 AM EDT
Sounds like he got the message.
Sep 16, 2014, 9:00 AM EDT
The recently signed forward hopes to stick with “powerhouse” team.
Sep 16, 2014, 8:00 AM EDT
Tuesday’s collection of links.
Sep 16, 2014, 12:45 AM EDT
“It’s turned the corner for the better as far as rehab has gone.”
Sep 15, 2014, 11:45 PM EDT
It’s tremendous even if it was in a prospects game.
Sep 15, 2014, 11:12 PM EDT
Frank Corrado gets ejected for that check.
Sep 15, 2014, 9:49 PM EDT
The team says he has “full movement” following a boarding hit.
Sep 15, 2014, 9:05 PM EDT
Some optimism about how his knee is feeling.
Sep 15, 2014, 8:01 PM EDT
Sep 15, 2014, 8:00 PM EDT
More training camp invites.
Sep 15, 2014, 7:00 PM EDT
He’s reportedly talking to several teams.
Sep 15, 2014, 5:30 PM EDT
“I still think something will get done before camp.”
Sep 15, 2014, 4:10 PM EDT
Potentially adding some depth.
Sep 15, 2014, 2:52 PM EDT
Former Kings, Flames netminder lands in an interesting spot.
Sep 15, 2014, 1:37 PM EDT
Veteran guy, but not the righty Mike Babcock was looking for…
Sep 15, 2014, 1:04 PM EDT
Because it hasn’t yet decided if it will.
Sep 15, 2014, 12:25 PM EDT
Also includes a similar series dedicated to the Sharks-Kings outdoor game.
Sep 15, 2014, 11:44 AM EDT
That’s businessman and former Harvard hockey player, Phil Falcone.
Sep 15, 2014, 10:51 AM EDT
Medvescak Zagreb, which now has a boatload of ex-NHLers.
Sep 15, 2014, 10:33 AM EDT
The Wild want the flexibility of a two-way deal, however.
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- Will the NHL publicize divers? 47
- Report: NHL, Epix network to partner on Winter Classic reality series 16
- Habs to play without captain for just second time in franchise history 16
- Chiarelli: At some point, I’m going to have to trade a defenseman 44
- Devils post-Martin Brodeur era about to truly start 9
- Report: Rangers expected to announce captain on Thursday 12
- Snider: Flyers not hiding behind ‘horrible mistake’ of signing Bryzgalov 22
- P.K. Subban: ‘I’m not trying to change the game of hockey’ 24
- Demand for Canucks tickets plummeting according to broker 39