Center Ryan O'Reilly and the Colorado Avalanche agreed to a two-year contract Wednesday, avoiding a salary arbitration hearing. Financial terms were not disclosed, but Darren Dreger of TSN reports the contract is for $12 million, with O'Reilly being paid $5.8 million in 2014-15 and $6.2 million in 2015-16.
The sides had an arbitration hearing scheduled for later Wednesday, but it was a hearing neither side was interested in having. The contract was agreed to as Avalanche executive vice president Joe Sakic, general manager Greg Sherman, O'Reilly, and the player's agent, Pat Morris, waited to enter the hearing chamber.
"We were right outside the door, ready to do this," Sakic told Adrian Dater of the Denver Post.