Skip to content

That was fast: Avs match Calgary’s offer sheet for O’Reilly

Feb 28, 2013, 9:39 PM EDT

Ryan+O+Reilly+Tampa+Bay+Lightning+v+Colorado+Vup3CgL9Lgbl

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.

Latest Posts
  1. Lightning’s Filppula, Palat expected to return for Game 1

    Apr 16, 2014, 9:51 AM EDT

    Ondrej Palat, Valtteri Filppula Ondrej Palat, Valtteri Filppula

    Tampa Bay’s top-six would have been in trouble without them.

  2. Fleury’s true comeback bid starts tonight

    Apr 16, 2014, 8:58 AM EDT

    Marc-Andre Fleury Marc-Andre Fleury

    His solid regular season will be overshadowed by whatever he does in the playoffs.

  3. 2014 Stanley Cup Playoffs: PHT’s Round 1 picks

    Apr 16, 2014, 7:00 AM EDT

    StanleyCupPlayoffs14

    Add yours in the comments section.

  4. Report: Duchene to miss at least first two games of Avalanche-Wild series

    Apr 15, 2014, 9:31 PM EDT

    Boston Bruins v Colorado Avalanche Getty Images

    “It puts a lot more pressure on everybody else,” says Nathan MacKinnon.

  5. Florida wins ’14 NHL draft lottery, will pick first overall

    Apr 15, 2014, 8:25 PM EDT

    NHL2014Draft

    After losing the No. 1 pick to Colorado last year.

  6. Pressing question: Will Philly get the goaltending?

    Apr 15, 2014, 6:55 PM EDT

    Steve Mason, Ray Emery AP

    Heck, will Steve Mason even be available?

  7. NHL hit with third concussion lawsuit

    Apr 15, 2014, 6:43 PM EDT

    bettmangetty Getty Images

    Just days after another group of ex-players filed last Thursday.

  8. PHT Extra: Can the Jackets upset the Penguins?

    Apr 15, 2014, 5:31 PM EDT

    Pittsburgh Penguins v Columbus Blue Jackets Getty Images

    What about the Stars over the Ducks?

  9. Boudreau won’t say who’s starting for Ducks, but the money’s on Andersen

    Apr 15, 2014, 4:00 PM EDT

    Frederik Andersen, Jonas Hiller AP

    “I don’t think I can screw it up too bad whoever I choose.”

Featured video

Are Penguins vulnerable vs. Columbus?
Top 10 NHL Player Searches
  1. E. Malkin (4393)
  2. T. Oshie (3151)
  3. M. Brodeur (3099)
  4. M. Duchene (2974)
  5. D. Backes (2918)