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Mile High Sports

O’Reilly could receive offer sheet soon

Despite some positive reports here and there — none of which have turned into anything substantial — the Ryan O’Reilly contract situation appears to still be at a stand-still.

The Colorado Avalanche want to sign the center to a two-year, $7 million deal or a five-year, $17 million deal. O’Reilly is looking for a contract that pays closer to $5 million a season, rather than the $3.5 million that the Avs seem to be stuck at.

With the situation not improving in the past few weeks, Adrian Dater of The Denver Post reported early Thursday morning that an offer sheet from another team could come some time soon. Dater explained what compensation the Avs could expect if they decline to match a potential offer sheet, depending on the offer that is extended.

“How many draft picks and in which rounds are dependent on what the average salary is with the new offer. For example, if O’Reilly’s new average salary were from $3,364,392 to $5,046,585, the Avs would receive a first- and a third-round pick from that team, should they not match the offer. If it were from $5,046,586 to $6,728,781, the Avs would get first-, second- and third-round picks in the next draft. Offers that are $6.7 million and higher would involve at least two first-round picks, and O’Reilly probably wouldn’t get anything that high.”

With O’Reilly reportedly asking for $5 million a season, the first option would seem to be the most likely, unless another club highly values O’Reilly’s skills.

If the other team makes an offer, the Avalanche will have the chance to match it rather than letting him go to another club. If they did match another team’s offer, they would not be allowed to put him on the trading block for another season.


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