The Colorado Avalanche and centre Ryan O'Reilly avoided salary arbitration on Wednesday, agreeing to terms on a two-year contract.
TSN Hockey Insider Darren Dreger reports that the deal pays him $5.8 million next season and $6.2 million in 2015-16.
"We are pleased to have Ryan under contract," said Avalanche Executive Vice President of Hockey Operations Joe Sakic in a team statement. "We are looking at the upcoming training camp and season with a lot of excitement."
The 23-year-old scored 28 goals and added 36 assists in 80 games with the Avalanche in 2013-14. Originally selected by the Avalanche in the second round (33rd overall) in 2009, O'Reilly has scored 73 goals and 118 assists in 345 career games with the club.
O'Reilly made $6.5 million last season in the second year of a back-end-loaded contract worth an average annual value of $5 million.
The deal arose out of the Avalanche's decision to match an offer sheet O'Reilly signed with the Calgary Flames prior to the lockout-shortened 2012-13 NHL season. Despite that move, Sakic maintains that there are no ill feelings between O'Reilly and management.
"There was never any animosity between us this whole time," he told Adrian Dater of The Denver Post on Wednesday. "Any of the perceived animosity came from the outside."