Latest on Ryan O’Reilly, Cory Sarich, Andre Benoit, the Rangers cap picture and more.

DENVER POST: A look at how the Colorado Avalanche avoided arbitration yesterday with Ryan O’Reilly, re-signing him to a two-year deal worth an average annual cap hit of $6 million.

SPECTOR’S NOTE: As I suggested yesterday, the fact the two sides were able to reach an agreement on a deal suggests the possibility the next round of contract talks could go more smoothly. That will be important, as O’Reilly will be eligible for UFA status when this next contract expires. 

Cory Sarich injured in bicycling accident.

Cory Sarich injured in bicycling accident.

DENVER POST: Former Colorado Avalanche defenseman Cory Sarich was seriously injured after being hit by a car while bicycling in Invermere, BC. He was “diagnosed with several fractured vertebrae and many bruises”, but his agent claims Sarich plans to resume his NHL career. There’s no timeline as to how long he’ll need to recover.

NEW YORK POST: Larry Broooks reports the Rangers now have over $60 million invested in their roster for this season, leaving less than $9 million to re-sign Derick Brassard and John Moore, plus leave room for other promising players. Brooks believes a long-term deal for Brassard could cost between $5.2 – $5.6 million per season. If he goes to arbitration he could receive a one-year deal worth $4.5 million.

SPECTOR’S NOTE: Brassard’s arbitration hearing is set for July 28. 

TSN.CA: The Buffalo Sabres signed defenseman Andre Benoit to a one-year, $800K contract.

DETROIT FREE PRESS: Former NHL player and Red Wings assistant Jim Paek has become the head coach of the South Korea men’s national team.