Calgary, AB (Sports Network) - The Calgary Flames have signed restricted free
agent center Ryan O'Reilly of the Colorado Avalanche to an offer sheet.
"The Calgary Flames have signed restricted free agent Ryan O'Reilly to an
offer sheet. Under the rules pertaining to an offer sheet, we will allow the
process to transpire. We will not provide any further comment until the
process is complete," said Flames general manager Jay Feaster in a Thursday
According to TSN of Canada, O'Reilly, who has been embroiled in a contentious
contract dispute with the Avalanche, has agreed to a two-year deal with an
average annual value of $5 million. The news service is reporting O'Reilly
will earn $1 million in base salary for the rest of this season with a $2.5
million signing bonus. His 2013-14 salary will be $6.5 million.
Colorado has seven days to match the offer. If the Avalanche elect to not
match the offer sheet, they will receiver Calgary's first- and third-round
picks in the 2013 draft as compensation.
The 22-year-old O'Reilly was the third player taken in the second round of the
2009 draft. He made the team that fall and after back-to-back 26-point
campaigns, he emerged last season as one of the better two-way players in the
league, compiling career-highs with 18 goals and 37 assists.
In 236 career games with the Avalanche, O'Reilly has totaled 39 goals and 107
The Sports Network