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Are you certain Colorado would match? I'm not. Colorado with all their cap space has not simply handed Rantanen a blank cheque—he is still (by all reports) just as far away from a contract as are Tkachuk and Point. If Rantanen signed an offer sheet and it was in considerable excess of what Sakic has budgeted and is willing to spend, then the Avalanche most likely let him walk and accept the picks.
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Fairly certain, although obviously I'm no insider with the Avs. But they have the space, he's an incredible player, and they just had a promising playoffs. I can't see them giving up their second best player just for draft picks.
Not wanting to pay him his current asking price is a lot different than refusing to when forced by another hand. I'm sure in most cases where teams matched that it wasn't what they wanted to pay, but they did (Weber, Fedorov, etc).