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.
May 27, 2015, 11:01 PM EDT
Chicago endured Anaheim’s comeback attempt to win this one.
May 27, 2015, 10:29 PM EDT
The Ducks might have caught a break there.
May 27, 2015, 10:08 PM EDT
He has seven goals in 15 playoff games.
May 27, 2015, 9:46 PM EDT
Chicago scored three goals within four minutes.
May 27, 2015, 9:32 PM EDT
Jordan Weal has been a big part of Manchester’s success.
May 27, 2015, 8:09 PM EDT
Chicago’s mixing things up for this must-win game.
May 27, 2015, 7:04 PM EDT
She’s previously been warned that this course could lead to her being found in contempt.
May 27, 2015, 6:06 PM EDT
Anaheim has a chance to advance to the Stanley Cup Final tonight.
May 27, 2015, 5:24 PM EDT
After just one year in Pittsburgh.
May 27, 2015, 4:43 PM EDT
The ladies sure loved that guy.
May 27, 2015, 4:16 PM EDT
One of the many decisions facing new GM Don Sweeney.
May 27, 2015, 3:49 PM EDT
Game 7 of the Eastern Conference Final goes Friday at MSG.
May 27, 2015, 3:27 PM EDT
The two men worked together for a season in New Jersey.
May 27, 2015, 2:40 PM EDT
Tomas Fleischmann likely on his way out.
May 27, 2015, 2:21 PM EDT
“We’re going to be embedded in this community.”
May 27, 2015, 1:46 PM EDT
“I get the fact there were three goals that went in that were ugly. That’s the growth of a young player.”
May 27, 2015, 1:09 PM EDT
Either way, Kimmo Timonen is likely out.
May 27, 2015, 12:39 PM EDT
Rangers forward has had issues with it thus far.
May 27, 2015, 12:32 PM EDT
Former Panthers and Devils coach will take over a team that missed the playoffs for the first time since 2003.
May 27, 2015, 12:13 PM EDT
Remember when AV called the youngster out?
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