Avs Match Calgarys Offer Sheet For OReilly
Just a few hours after Calgary announced it had signed Ryan OReilly to an offer sheet, the Colorado Avalanche announced they matched it.
In a brief statement posted to the team website, the Avs confirmed theyve agreed to match a two-year deal with an average annual value of $5 million. OReilly, 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 wouldve received Calgarys 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 OReilly and the organization has become last week, OReillys father wrote a scathing email to the Denver Post, blasting the organization and how it handled contract negotiations. Earlier, defenseman Shane OBrien said the situation had gotten ugly.
That said, it didnt take long for Colorado to decide OReilly was worth $10 million dollars.
The Denver Posts Adrian Dater reports the Avs decided to match Calgarys offer sheet after about two hours after consultation with ownership. It also ensures that Colorado will retain OReilly for at least a calendar year, as teams arent eligible to trade players for a full season after matching an offer sheet.
So, looking ahead, Colorado cant trade OReilly 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 contracts end. In 2014, OReilly 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.
For more on this story visit: Mike Halford, NBC Sports Pro Hockey Talk