It has been announced that the Ryan O`Reilly saga is coming to a close. He has signed an offer sheet with the Calgary Flames. He held out signing with the Colorado Avalanche because he reportedly believed that he was worth $5 million a year. The Avalanche, reportedly, felt he was worth closer to $3.5 million.

The Flames sided with Ryan. They offered him 1 million in salary this year, with a $2.5 million signing bonus and next year he will earn $6.5 million. The Avalanche have the opportunity to match this deal: Avalanche fans, one way or another this ordeal will be over within seven days.

Because of the value of the deal, if the Avalanche do not match, they get a 1st round pick and a 3rd round pick in this year's draft. I believe the only time that the Avalanche have matched an offer sheet is when Joe Sakic signed one with the Rangers.

The Colorado Avalanche had drafted Ryan in the second round of the 2009 Entry Draft. He surprised everyone by making the team out of his first camp. He showed that he was a defensively-sound forward, he also showed that he had the character that the Avalanche look for when filling their roster.

What's your take? Is this a fair deal? Should the Avalanche match the deal or should they take the picks instead? Sound off bellow.


Update: The Avalanche have reportedly matched the offer sheet, expect more news tomorrow.