07/23/2014 11:21 EDT | Updated 09/22/2014 05:59 EDT

Ryan O'Reilly avoids arbitration with Colorado Avalanche

Ryan O'Reilly cashed in on a career year and avoided arbitration with the Colorado Avalanche, signing a two-year deal with the NHL club on Wednesday. 

Terms of the deal were not disclosed, but reports said it's for $12 million U.S.

O'Reilly is just entering his prime, and led the surprise Avalanche with a career-high 28 goals and 64 points last season. 

"We are pleased to have Ryan under contract," Avalanche executive vice-president Joe Sakic told the team's official website. "We are looking at the upcoming training camp and season with a lot of excitement."

O'Reilly earned some off-season hardware for his sportsmanship, capturing the Lady Byng Trophy at the NHL awards ceremony in June.

Considered one of the better two-way forwards in the game, the 23-year-old flourished under head coach Patrick Roy.

In seven playoff games last year, O'Reilly scored two goals and four assists in Colorado's first-round loss to the Minnesota Wild. 

Drafted by Colorado in the second round (33rd overall) in 2009, the six-foot Clinton, Ont., native has 73 goals and 118 assists in 345 career regular-season games — all with the Avalanche.