NHL free agency: Ryan O'Reilly released from KHL contract

Rich Lam

Restricted free agent Ryan O'Reilly has been released from his contract with Metallurg Magnitogorsk. Is he closing in on a return to the NHL?

Restricted free agent forward Ryan O'Reilly has been released from his contract with Metallurg Magnitogorsk of Russia's Kontinental Hockey League, according to an announcement posted on the team's official website Thursday morning.

With the aid of google translate, it is explained that O'Reilly and Metallurg mutually decided to part ways due to a foot injury he suffered in a game against Traktor Chelyabinsk. It is not specified when the injury occurred, as Metallurg played Traktor on Wednesday night, as well as on Jan. 4. However, previous reports had surfaced on overseas fan sites stating O'Reilly had an injury, so it likely occurred prior to Wednesday night.

In addition, the announcement listed O'Reilly's ongoing negotiations with an NHL team as another reason his contract was terminated.

The 21-year-old forward and his representation have been attempting to find common ground with the Colorado Avalanche on a new deal. However, attempts to this point have proven futile.

It has been reported that O'Reilly has rejected a five-year, $17 million offer, as well one for two years and $7 million, and that his side is seeking an annual salary of $5 million. O'Reilly's agent, Mark Guy, commented on Monday that the contract's length is a major factor, rather than a set yearly salary.

However, he would not specify what kind of salary or term limit they were seeking.

Metallurg's announcement explained that O'Reilly potentially could sign a new contract with the team in February. This will likely be determined by the progress made on a new contract with an NHL team.

Adrian Dater of the Denver Post attempted to contact O'Reilly's representation for comment but, due to the announcement coming in the early morning in North America, has not received a response yet.

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.