This is an unlikely scenario, but what if RoR doesn't want to be traded and that affects the ability for other teams to negotiate with his camp before a trade is made? The trading team goes to Newport and they demand something completely unreasonable. Is this a possibility?
I'm not sure why O'Reilly would have an objection to being traded under the terms of his current contract, unless it's that he wants to stay with a reasonably quality offensive team, so his 2015-16 numbers look good going into UFA.
How about a somewhat different scenario for discussion:
O'R is probably not interested in extending right now, because any team that extends him can trade him wherever they want prior to that extension kicking in, in July 2016. If O'R extends now, he could end up in Edmonton or Nashville or some place he wants no part of (no offense intended for residents of those two random cities) for a half a decade. He won't risk that for anything short of uber-pay, I'm guessing.
So, O'R's camp agrees to talk contract extension with potential trade partners, but they put their number at a very high place - one that would even be a stretch for next year's UFA offers (say, $8M per for 7 years) - and see who bites. I think very few teams (if any) would bite on that number, hence the O'R camp shrugs their shoulders and waits until the 2016 UFA period.
In essence, what this could turn out to be for Colorado, is a limited NMC even though there's not one written into O'R's contract.
IMO, this is precisely why O'R is likely a one-year rental in the trade market, and he won't bring back a king's ransom in said trade. IMO, this is why I believe that Colorado's roster will be worsened in the short-term, and IMO this is why I feel Sakic/Roy may balk when seeing the potential returns.
We'll see what transpires here. But if Zadorov + Foligno + late 1st is offered for O'R, Sakic should pull both hamstrings running so fast to the table to sign that deal. I doubt it'll be that good though.