It appears one of the NHL's most intriguing negotiations of the offseason will reach its conclusion this week in an arbitration hearing set for Wednesday. The Colorado Avalanche went the route of team-elected salary arbitration with young center Ryan O'Reilly, a rare and possibly relationship-damaging practice to reach a contract agreement.

The two sides have not been able to come to terms and don't appear likely to before Wednesday.

In team-elected arbitration, which is a practice teams can utilize to seek what amounts to a pay cut against what they would have had to extend as a qualifying offer, the lowest contract figure O'Reilly can get out of this hearing is $5.525 million. That would be 85 percent of his actual salary from last season which came in at $6.5 million.

With the hearing set 48 hours from Monday, both parties were required to submit paperwork to the arbitrator to detail what they are seeking through the hearing, in accordance with the collective bargaining agreement.

O'Reilly, as you could probably have already figured out, has no desire in taking a pay cut. According to Ken Campbell of The Hockey News, O'Reilly's camp has submitted a request of $6.75 million, electing to take a one-year award as is the player's right as the party being filed against.

The Avalanche are obviously going with the lowest amount possible at $5.525 million according to Campbell. The club probably doesn't view that offer as a pay cut despite the fact that O'Reilly made $6.5 million last season as part of the two-year, $10 million offer sheet he signed with the Calgary Flames during the 2012-13 season. The Avalanche matched the deal that paid O'Reilly an annual average of $5 million.