Posted February 28, 2013 on
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Ryan O'Reilly and the Colorado Avalanche were unable to reach a deal for more than a month.
A few hours after he signed an offer sheet with Calgary, the restricted free agent was back with the Avalanche.
The Flames announced earlier Thursday that they had signed O'Reilly to a multiyear offer sheet. Colorado had a week to match it, but did so by the end of the day.
The team announced the decision during the first period of Thursday night's game against Calgary.
''This was a goal of ours from the outset, to get Ryan signed,'' Avalanche general manager Greg Sherman said. ''That goal has never changed. Sometimes the process takes a little longer than you would expect or want, but he's staying with the Colorado Avalanche.''
Sherman said the speed with which Colorado matched the offer showed its commitment to O'Reilly.
''Given the timeframe we moved on this, it's clear what our object was,'' Sherman said. ''We moved very quickly and efficiently to make a decision to match the offer.''
TSN in Canada reported the deal is worth $10 million over two years, which includes a $2 million signing bonus.
O'Reilly will travel to Denver for a physical and if everything checks out, he will join the Avalanche on their three-game road trip starting Sunday in Columbus.
Had Colorado not matched the offer it would have received Calgary's first- and third-round picks in the NHL draft. By retaining O'Reilly, the Avalanche cannot trade the forward for a year from Thursday.
Sherman said Calgary's decision to try to sign one of Colorado's restricted free agents was strictly business.
''It's their right within the CBA to put that offer sheet forward and we have our rights within the CBA to match it,'' Sherman said. ''If that's the way they want to do their business, that's their right. The fact that we received the offer the day of the game, against them, that's their prerogative. That's their business.''
The 22-year-old O'Reilly has not played this season while trying to work out a contract with Colorado. He was the team's leading scorer last season with 55 points.
O'Reilly was the 33rd pick in the 2009 draft. In three NHL seasons he has 39 goals and 69 assists in 236 career games.
BEST OF MAXIM
Colorado Avalanche defenseman Ryan O’Byrne blocked a shot with his knee Tuesday against the San Jose Sharks and the result was not a pretty sight. O’Byrne tweeted a picture of his knee the day after and the damage was evident. His knee actually looks liked it birthed a second kneecap. Blocked shot off the knee last night in San Jose….. twitter.com/ryanobyrne84/s… — Ryan...
Ryan O’Reilly‘s contract negotiations with the Colorado Avalanche have come to an end, thanks to the Calgary Flames.
The Avs have matched the offer sheet that O’Reilly signed with the Flames, according to the team. That means the 22-year-old forward will make $10 million over this season and next, with $3.5 coming in 2013 and then $6.5 million in the 2013-14 season.
The off-ice dynamics between the Calgary Flames and Colorado Avalanche were almost as interesting as the game between the two clubs last night (and it was an exciting game). Early on Thursday, Calgary signed restricted free agent center Ryan O’Reilly … Continue reading →The post Ryan O’Reilly Staying In Denver Could Cost Avalanche appeared first on Committed Indians.
Gabriel Landeskog had a goal and two assists, and the Colorado Avalanche scored three times in the third period to rally past the Calgary Flames 5-4 on Thursday night.
Matt Duchene and Paul Stastny each had a goal and an assist for Colorado, which improved to 6-2-1 at home.
The game had added intrigue when it was announced before the opening faceoff that the Flames had signed restricted...
Ryan O’Reilly will be rejoining the Avalanche after a lengthy holdout. Photo Credit: Getty Images
It’s official: Ryan O’Reilly will be a member of the Colorado Avalanche for the next two years. After the Calgary Flames tossed their hat into the fray of the contract standoff between O’Reilly and the Avalanche and extended a two-year, $10M offer, Colorado decided to match the...
The last significant free agent to sign this season is Ryan O'Reilly. He was a restricted free agent this summer. He was unable to come to a deal with the Colorado Avalanche. After a 55 point third NHL season at age 21, he looked poised to become a star in the NHL. Potentially he could be worth a lot to his team but that potential is yet to be fully realized in the NHL...
Despite a winless road trip, the Colorado Avalanche remain positive they can carry over the progress they made into their brief stop at home.
The Calgary Flames, meanwhile, know they need a much better effort than their last time out.
Colorado hopes to have Matt Duchene back from injury as it seeks a fourth consecutive victory over visiting Calgary on Thursday night.
ESPN.com reports that the Colorado Avalanche have matched the offer sheet that Ryan O'Reilly signed with the Calgary Flames yesterday.
The offer is reportedly for two years, $10 million.
...O'Reilly is a very skilled player and would likely thrive in Tortorella's system, I'm happy to see the Rangers not end up getting him. No way he is worth $5 million per...
DENVER – The Colorado Avalanche Hockey Club announced tonight that the team has matched the Calgary Flames’ offer sheet for forward Ryan O’Reilly.
Follow me on Twitter: @ColinDJD
The Calgary Flames were defeated not just once last night by the Colorado Avalanche, but twice. Not only did they manage to lose 5-4 to the Avs after a comfortable three goal lead, they also were ousted in terms of their offer sheet to Ryan OâReilly, which Colorado matched within hours it being submitted.
But did they actually lose out...
(Photo by Brad Watson/NHLI via Getty Images)
By: Tyler J. Altemose (@TJamesAltemose)
Early Thursday evening, Colorado Avalanche restricted free agent Ryan O’Reilly signed a two-year, $10 million offer sheet with the Calgary Flames. Offer sheets are a rare order of business in the NHL, and the news came as a shock to some. This was just the eighth offer sheet signed since the implementation...