Ryan O'Reilly #37 of the Colorado Avalanche skates against the Buffalo Sabres at the First Niagara Center on March 14, 2012 in Buffalo, New York. The Avalanche defeated the Sabres 5-4 in the shootout.
(March 13, 2012 - Source: Bruce Bennett/Getty Images North America)

Colorado responds after Flames offer sheet O’Reilly


The Colorado Avalanche have responded to Thursday’s big news that Calgary has signed restricted free agent center Ryan O’Reilly to an offer sheet.

It’s not much, but here it is, courtesy the Avs website:

“The Avalanche organization was notified of the offer sheet earlier this afternoon. Per the Collective Bargaining Agreement, in the case of an offer sheet, NHL teams have seven days to either match the offer or accept compensation.

“The Avalanche will have further comments when a decision is made.”

One interesting thing to note — nowhere on the page do the words “Ryan” or “O’Reilly” actually appear.

Here’s a screen capture:


Calgary’s offer is reportedly for two years with an average annual value of $5 million. O’Reilly, 22, would have a salary of $1 million for this season, plus a $2.5 million signing bonus. Next season, he would be paid $6.5 million.

O’Reilly has been unable to negotiate a new contract with the Colorado Avalanche after leading the club with 55 points in 2011-12. He had been plying his trade with KHL club Metallurg, but terminated his contract with the team in late January.


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Avs unveil new third jerseys

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The Avalanche will be throwing a bunch of different looks at us this season.

Having already released specialized “Mile High” jerseys for February’s Stadium Series game, the Avs unveiled new third sweaters on Friday — less than 24 hours after a bitter 5-4 home loss to Minnesota in their season opener.

(Guess Colorado wanted to send out some good vibes after blowing a 4-1 third-period lead.)

While undoubtedly exciting for the organization, the release of these new thirds isn’t taking anybody by surprise. Last month, several websites published leaked images of Colorado’s and Anaheim’s third jerseys, so the design has been in the public eye for several weeks.

The Avs will debut these new thirds on Oct. 24, in a Saturday night tilt against Columbus.

Related: Roy explains why he didn’t call time out

Report: Escrow set at 16 percent

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Hey, remember in June when the NHLPA voted to keep the five-percent growth factor in spite of increasing worries about escrow?

Well, here’s why that decision was a significant one, via TSN’s Frank Seravalli:

With early revenue projections in place, the NHL and NHLPA set the escrow withholding rate for players at 16 per cent for the first quarter of the season on Thursday.

That means every player will have 16 per cent of earnings deducted from their paycheque and put aside until after all of this season’s hockey-related revenue is counted to ensure a perfect 50-50 revenue split with owners.

Now, this doesn’t mean that the players will definitely lose 16 percent of their salaries. Typically, they receive refunds when all the accounting is done.

Still, 16 percent is a good-sized chunk to withhold. They won’t be thrilled about it.

Related: To understand escrow, consider Duncan Keith