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.
Apr 21, 2015, 1:52 AM EDT
The Jets, and Winnipeg, feel the crush of defeat.
Apr 21, 2015, 12:55 AM EDT
Down 2-1 in the series.
Apr 21, 2015, 12:33 AM EDT
Another comeback victory for Anaheim.
Apr 20, 2015, 11:30 PM EDT
Apr 20, 2015, 10:54 PM EDT
Devan Dubnyk produces his first playoff shutout.
Apr 20, 2015, 10:37 PM EDT
It drew a two-minute roughing penalty.
Apr 20, 2015, 10:29 PM EDT
No call on the first collision.
Apr 20, 2015, 9:48 PM EDT
Will shifting locales produce interesting results?
Apr 20, 2015, 9:45 PM EDT
A close-to-perfect road effort from New York.
Apr 20, 2015, 9:41 PM EDT
Apr 20, 2015, 9:00 PM EDT
New Jersey’s only player who went under the knife this offseason.
Apr 20, 2015, 8:51 PM EDT
He needs some help, though.
Apr 20, 2015, 7:36 PM EDT
Sleepy start by Pittsburgh.
Apr 20, 2015, 6:43 PM EDT
His issue is an upper-body injury.
Apr 20, 2015, 5:30 PM EDT
But will he be around to see it happen?
Apr 20, 2015, 4:49 PM EDT
Things can change quickly in the playoffs.
Apr 20, 2015, 3:40 PM EDT
He did share some buzzwords though.
Apr 20, 2015, 2:30 PM EDT
Upper-body injury for the veteran forward.
Would McLellan like to coach McDavid? ‘You can have the best player and still not have the best team’
Apr 20, 2015, 2:21 PM EDT
Was he talking about the Oilers? Sharks?
Apr 20, 2015, 1:47 PM EDT
Corey Crawford will sit, once again, against the Preds.
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