Feb 28, 2013, 9:39 PM EST
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.
Dec 22, 2014, 8:00 AM EST
Monday’s collection of links.
Dec 22, 2014, 12:16 AM EST
He’s the oldest goalie to win his debut since Hugh Lehman in 1926.
Dec 21, 2014, 10:38 PM EST
Buffalo suffered its third straight loss.
Dec 21, 2014, 10:07 PM EST
Toronto has lost three straight games.
Dec 21, 2014, 9:42 PM EST
Will this be the worst season Edmonton has ever had?
Dec 21, 2014, 9:09 PM EST
Varlamov is expected to be back on Tuesday.
Dec 21, 2014, 8:17 PM EST
Bartkowski received a game misconduct.
Dec 21, 2014, 7:39 PM EST
The Stars swapping goaltenders didn’t slow Edmonton.
Dec 21, 2014, 6:48 PM EST
He had been playing with Patrick Kane and Kris Versteeg.
Dec 21, 2014, 5:56 PM EST
The Hurricanes are getting close to full strength.
Dec 21, 2014, 5:00 PM EST
Will Calvin Pickard be sent to the minors once Varlamov is healthy?
Dec 21, 2014, 3:45 PM EST
Rob Zepp makes NHL debut
Dec 21, 2014, 3:00 PM EST
Collapsed on the team’s bench Saturday night.
Dec 21, 2014, 2:15 PM EST
Was fired by the Oilers Dec. 15.
Dec 21, 2014, 1:30 PM EST
The 33-year-old was recalled Friday.
Dec 21, 2014, 12:45 PM EST
The Penguins forward was penalized twice for embellishment on Saturday.
Dec 21, 2014, 12:00 PM EST
Torrey Mitchell and Tyson Strachan have been placed on IR
Dec 21, 2014, 11:15 AM EST
They’re not impressed with how Bylsma and his staff were treated.
Dec 21, 2014, 10:30 AM EST
He called it “no big deal”
Dec 21, 2014, 9:45 AM EST
Had just one goal in eight games prior to the injury.
- Flyers rally as Zepp wins his career debut at 33 years old 11
- Oilers squander three-goal lead, lose 18th time in 19 games 10
- Pickard makes one last bid to stay, beats Wings in nine-round SO 5
- Video: Bartkowski delivers controversial hit to Gionta, fights Foligno 28
- Giroux line takes Leafs ‘to school’ in Flyers’ 7-4 victory 17
- Wolverine Pacioretty gets two assists just two days after being hospitalized 18
- Ovechkin scores beauty as Caps shutout Devils 8
- Seriously? Stress fracture sidelines Columbus’ Jenner for 1-2 months 6
- Julien chides Bruins’ offense for too many cute plays 40
- Sens roll over Ducks, who ‘weren’t ready’ 11