Tim Polzer
Friday March 1st, 2013

The Avs have seven days to match Ryan O'Reilly's offers sheet or accept draft compensation from the Flames. (Michael Martin/NHL/Getty Images) The Avs have seven days to match Ryan O'Reilly's offer sheet or accept draft compensation from the Flames. (Michael Martin/NHL/Getty Images)

The Calgary Flames have signed Colorado Avalanche center Ryan O'Reilly to a two-year, $10 million offer sheet, O'Reilly's agent Mark Guy confirmed to the Denver Post Thursday.

O'Reilly, a restricted free agent who led the Avs in scoring and the NHL in takeaways last season, has not played this season because he had not signed a contract.

If the Avs do not match the offer within seven days, O'Reilly reportedly will receive a prorated $1 million salary this season, with a $2.5 million signing bonus, and $6.5 million next season. The Avs would also receive the Flames' first- and third-round draft picks as compensation.

O'Reilly, 22, was the 33rd overall pick of the 2009 NHL Entry Draft, and has scored 39 goals and 68 assists for 107 points in 236 career games with the Avalanche over three seasons. According to the Post, Flames executive Michel Goulet played a large part in getting O'Reilly to sign the deal. Goulet had been in line to become the Avs' general manager in 2009 before team president Pierre Lacroix fired him.

SI Apps
We've Got Apps Too
Get expert analysis, unrivaled access, and the award-winning storytelling only SI can provide - from Peter King, Tom Verducci, Lee Jenkins, Seth Davis, and more - delivered straight to you, along with up-to-the-minute news and live scores.