O'Reilly has to agree to the offer sheet. If he wants's $5mill a season, then he certainly isn't going to sign a $3.364/yr offer sheet. If this drags out long enough, I'm seure an offer sheet is not out of the question. But it will be for the money he wants, and Colorado I'm sure will certainly match. For $5mil/yr the compensatio would be a 1st and a 3rd. For a playoff team, that's not really an awful price for a top 6 forward. Again however, if an offer sheet goes to O'Reilly it would have to be outrageous for Colorado to not match.
Oh yes, I understand all that. If the sides are as deadlocked as they seemingly are, an offersheet is just what O'Reilly or the 'lanche may be looking for. Someone else to force their hand into making a deal. Which is why I find the idea of an offer sheet for O'Reilly to be amusing.
If you're truly interested in him on your roster, you don't offersheet him. You pry his rights from Avalanche for a younger roster player and/or a decent prospect and/or a 2nd or 3rd round pick. (Depending on how you value him)
Then you offer O'Reilly a serious wake up call of a deal.
He's turned down both deals the Avalanche have offered:
2 years at $7million (3.5 cap hit) and 5 years at $17million (3.4 cap hit.)
He wants 5 years/ $25million
I don't think O'Reilly is worth $5 million/year. It's a shame that Colorado signed David Jones to $4/yr -- he's healthier than Jones... and yeah, he was only drafted 30 spots lower than Duchene in the same draft, but he's no Matt Duchene.
(Who will be looking for a new contract very soon) EDIT: I thought Duchene's contract was up this year.
If he's looking around the league at other contracts... Well, he's no Jamie Benn either, which is what he think's he's worth.
He's gotta look at the bridge deals that Del Zotto and Subban got and seriously understand that with the new CBA and lower cap next year it is going to ensure that sane GMs don't overspend on solid, but yet unproven talent.
Take that bridge contract and play your guts out for that next contract.
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