Who, O'Reilly? He's reportedly already turned down a two year, 7M deal and a five year, 17M deal.
His alleged demands are ~4M on a short term deal and ~5M on a long term deal. But, a lot of Ave fans are now believing O'Reilly just wants off the team period, for whatever reason.
Personally, I'm with Colorado's management on this one. O'Reilly's track record in no way warrants a long term deal at over 4M. It'd be in his best interests to sign a bridge contract, similar to that of Duchenes'.
I haven't heard anything like that. But even then, Colorado would be nuts to offer a 1yr/5M deal because it would mean they would have to offer a qualifying offer for at least 4.5M the following season just to keep his rights, regardless of how he plays.