In regards to the offer sheet tendered to Ryan O'Reilly:
We believe Ryan O’Reilly is a franchise player. While we attempted to acquire him via trade, we felt the asking price was too steep and would negatively impact our future. As such, we decided to tender an offer sheer and were very pleased to have the player accept our offer. We attempted to structure the offer so as to enhance our chances of getting the player. We attempted to improve our hockey team and will continue to do so going forward.