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.
Aug 1, 2014, 7:05 PM EDT
No real surprise, right?
Aug 1, 2014, 6:03 PM EDT
His stats and Stanley Cup victories have us perplexed.
Aug 1, 2014, 4:59 PM EDT
He’s gunning to make an impression on L.A.’s blue line corps.
Aug 1, 2014, 3:58 PM EDT
Teemu forever and ever and ever.
Aug 1, 2014, 2:55 PM EDT
He’s win the Cup twice and has two Olympic gold medals, but he hasn’t captured the Norris Trophy yet.
Aug 1, 2014, 1:47 PM EDT
Montreal and the defenseman can still negotiate until the ruling, but no talks are scheduled.
Aug 1, 2014, 1:07 PM EDT
They’re trying to re-sign both of them this summer.
Aug 1, 2014, 12:03 PM EDT
They averaged 3.38 goals per game in the postseason.
Aug 1, 2014, 10:56 AM EDT
They still might avoid the ruling though.
Aug 1, 2014, 10:06 AM EDT
Sunny Mehta wrote two books on the card game, but he’s turned his attention to advanced statistics in sports.
Aug 1, 2014, 9:00 AM EDT
His relationship with Panthers GM Dale Tallon made a big difference.
Aug 1, 2014, 8:45 AM EDT
Will Los Angeles regret opting against a buyout?
Aug 1, 2014, 8:00 AM EDT
Taking a look at the 2014 champions on Friday.
Jul 31, 2014, 11:00 PM EDT
Lou Lamoriello says those SO struggles are “not a focus.”
Jul 31, 2014, 10:00 PM EDT
“It will help me down the road.”
Jul 31, 2014, 9:00 PM EDT
Have fun making up captions with this one.
Jul 31, 2014, 7:39 PM EDT
The team estimates he’ll miss two weeks of on-ice training.
Jul 31, 2014, 6:43 PM EDT
The former first-rounder still needs to prove himself.
Jul 31, 2014, 5:18 PM EDT
The forward is already endearing himself to Blue Jackets fans.
Jul 31, 2014, 3:54 PM EDT
Ottawa’s offseason is receiving mixed reviews.
- Subban: Contract in arbitrator’s hands now 14
- Flyers’ Mason broke his right pinky finger playing ball hockey 22
- Lindros, LeClair and Desjardins to be inducted into the Flyers Hall of Fame 64
- It’s back! PHT’s Team of the Day summer series starts tomorrow 9
- Pens sign Spaling — two years, $4.4 million 13
- Agent: Subban hasn’t told me to make him NHL’s highest-paid D 32
- Devils sign Greene to five-year, $25M extension 18
- Subban seeking $8.5 million in arbitration, versus the Habs at $5.25 million 47
- Marchand on Plekanec: ‘I hate him. I can’t stand him’ 59
- Gettin’ paid: Gardiner inks five-year, $20.25M extension with Leafs 15
- Lindros, LeClair and Desjardins to be inducted into the Flyers Hall of Fame (64)
- Cashing in: Rangers sign Brassard to five-year, $25 million deal (63)
- Marchand on Plekanec: ‘I hate him. I can’t stand him’ (59)
- Poll: Is Drew Doughty the best defenseman in the world? (51)
- Subban seeking $8.5 million in arbitration, versus the Habs at $5.25 million (47)