DENVER (AP) - The Colorado Avalanche have matched Calgary's offer sheet to restricted free agent Ryan O'Reilly.
The Flames announced earlier Thursday that they had signed O'Reilly to a multiyear offer sheet. The Avalanche had seven days to match it but took only a few hours to decide.
The team announced the decision during the first period of Thursday night's game against Calgary.
TSN in Canada reported the deal is worth $10 million over two years, which includes a $2 million signing bonus.
Had Colorado not matched the offer it would have received Calgary's first- and third-round picks in the NHL draft. By retaining O'Reilly, the Avalanche cannot trade the forward for a year from the date of the signing.
The 22-year-old O'Reilly has not played this season while trying to work out a contract with Colorado. He was the team's leading scorer last season with 55 points.
O'Reilly was the 33rd pick in the 2009 draft. In three NHL seasons he has 39 goals and 69 assists in 236 career games.