Avalanche , O'Reilly agree to two-year contract

Ryan O'Reilly of the Colorado Avalanche speaks after winning the Lady Byng Memorial Trophy during...

Ryan O'Reilly of the Colorado Avalanche speaks after winning the Lady Byng Memorial Trophy during the 2014 NHL Awards at the Encore Theater at Wynn Las Vegas on June 24, 2014 in Las Vegas, Nevada. (Ethan Miller/Getty Images/AFP)

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, Last Updated: 1:29 PM ET

The Colorado Avalanche and center Ryan O'Reilly agreed to a two-year contract, avoiding a salary arbitration hearing, the team announced Wednesday.

Financial terms were not disclosed, but TSN reported the deal is for $12 million, with O'Reilly being paid $5.8 million 2014-15 and $6.2 million in 2015-16.

The sides had an arbitration hearing scheduled for later Wednesday.

O'Reilly, 23, had a team-best 28 goals last season and set career-highs in goals and points (64). He won the Lady Byng Trophy after being assessed only two penalty minutes while playing 80 games. He also had two goals and four assists in seven Stanley Cup playoff games.

"We are pleased to have Ryan under contract," Avalanche executive vice president Joe Sakic said in a statement. "We are looking at the upcoming training camp and season with a lot of excitement."

 


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