(Monday Mashup) Keeping an Eye on Colorado

DENVER, CO - APRIL 19: Ryan O'Reilly #90 of the Colorado Avalanche checks out the ice prior to facing the Minnesota Wild in Game Two of the First Round of the 2014 NHL Stanley Cup Playoffs at Pepsi Center on April 19, 2014 in Denver, Colorado. (Photo by Doug Pensinger/Getty Images)

The Colorado Avalanche filed for club-elected arbitration ahead of yesterday’s 5 p.m. deadline rather than qualifying 23-year-old RFA center Ryan O’Reilly at a $6.5 million price tag.

O’Reilly is not going to want to take a pay cut from his $6.5 million salary last season during this negotiation (which is still ongoing, arb-file aside). O’Reilly and his agent are able to play a pretty hard line here, as even an unfavorable arbitration ruling gives him the option of bridging himself into UFA in two year’s time.

There is a period between July 1 and July 5 wherein O’Reilly is open to another offer sheet if a contract isn’t settled.

Meanwhile, Paul Stastny remains unsigned 15 days before UFA opens.

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