The Avalanche avoided restricted free agency with defenseman Ryan O'Byrne on Thursday afternoon, signing him to a 2-year deal, reportedly worth $3.6 million, which works out to be a $1.8 million cap hit per season. O'Byrne finished the 2011 season as the 163rd ranked defenseman in scoring with 10 assists in 67 games.
On Thursday, the Oilers re-signed defenseman Ladislav Smid to a new 2-year deal, reportedly worth $4.5 million, which works out to be a $2.25 million cap hit per season. Smid ranked 162nd among all defensemen in the league in scoring with 10 points in 78 games. He isn't a really fantasy threat, but he may have a little more potential with a maturing Oilers offense.
The Penguins have re-signed gritty forward Arron Asham to a new 1-year deal, reportedly worth $775,000. Asham played in 44 games for the Penguins, scoring 5 goals and adding 6 assists. He was scheduled to become an unrestricted free agent on Friday afternoon.
The Sharks have put Jamie McGinn back in the tank for another season, signing him to a 1-year deal, reportedly worth $680,000. McGinn was scheduled to become a restricted free agent on Friday. McGinn scored 1 goal and added 5 assists in 49 games for San Jose in 2011, which should earn him a great look in camp, if not a job to lose in camp.