Renaud P Lavoie of RDS.ca is reporting the Colorado Avalanche have re-signed C Mark Olver to a two year deal:

Avalanche signs Mark Olver 2012-13 $550 000 (2 way) 2013-14 $650 000 (one way)

— Renaud P Lavoie (@RenLavoieRDS) July 1, 2012

The 24-year-old Olver has played 42 games in his NHL career, and he has a total of 6 goals and 16 points in his combined 525 minutes on ice. In the 2011-12 NHL season, Olver played in 24 games and had a team-leading 16.0% shooting percentage, scoring 4 goals on 25 shots.

The two-way contract for Olver means he will earn $550,000 while up with the NHL club, but will earn a different, lower salary when in the minors for the extent of the 2012-13 season.

For updates on the Avs offseason, stay tuned to SB Nation Denver. For more coverage,visit our Avalanche blog Mile High Hockey. For more news and notes from around the league, head over to SB Nation NHL.