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.
Mar 12, 2014, 11:18 AM EDT
How has Colorado done it?
Mar 12, 2014, 11:00 AM EDT
Now the man in charge of Southampton F.C.
Mar 12, 2014, 10:36 AM EDT
The feat comes during one of the toughest stretches of his career, though.
Mar 12, 2014, 10:03 AM EDT
He was injured against Florida on Sunday.
Mar 12, 2014, 9:28 AM EDT
The Habs have five straight wins against Boston.
Mar 12, 2014, 8:15 AM EDT
That and the rest of the links to start your day ahead.
Mar 12, 2014, 1:21 AM EDT
He received a minor penalty for the hit.
Mar 12, 2014, 1:04 AM EDT
JVR seems OK, though.
Mar 11, 2014, 11:48 PM EDT
Dallas moves into the second wild card spot for now.
Mar 11, 2014, 11:26 PM EDT
The San Jose Sharks aren’t happy about their game, either.
Mar 11, 2014, 10:52 PM EDT
And an interesting one overall for the East.
Mar 11, 2014, 10:25 PM EDT
Another memorable save for the icon.
Mar 11, 2014, 10:07 PM EDT
That’s eight in a row for Pittsburgh between these two teams.
Mar 11, 2014, 9:11 PM EDT
The contest featured his former team the Saginaw Spirit.
Mar 11, 2014, 8:33 PM EDT
The 20-year-old had been missing since March 3.
Mar 11, 2014, 7:49 PM EDT
On the bright side, there’s the Batmobile.
Mar 11, 2014, 7:19 PM EDT
The Pens have won seven in a row vs. Washington, including Monday.
Mar 11, 2014, 5:33 PM EDT
Because there’s a really good chance they will.
Mar 11, 2014, 4:56 PM EDT
Big development for the ‘Hawks.
Mar 11, 2014, 4:47 PM EDT
Click for the details.
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