Center Joe Colborne signed a two-year contract with the Calgary Flames, the team announced, avoiding an arbitration hearing scheduled for Aug. 1. Financial terms were not disclosed, but TSN reports it is worth $1.275 million annually.

"There's no real rush. We didn't need to force our way through it," Colborne told the Flames website. "We took our time and I think it ended up being a pretty fair deal for both sides."

Colborne, 24, scored 10 goals and 28 points in 80 games last season, his first full NHL season. The native of Calgary was acquired from the Toronto Maple Leafs in September 2013 for a fourth-round pick in the 2014 NHL Draft.

"It was quite the dream come true last year to play for the team I grew up watching and idolizing," Colborne said. "To be able to come back and have a few more years of it, it’s pretty special, especially with the way we finished last year."

Colborne had one goal and six points in 16 games over parts of three seasons with the Maple Leafs. He was the 16th pick in the 2008 draft by the Boston Bruins and was acquired by the Maple Leafs in 2011 as part of the trade for defenseman Tomas Kaberle.

"It's all exciting to be coming back to my hometown team," he said. "Whatever role they see me playing in, I'll take and run with."