Olsen scored four goals and added an assist for five points in three games last week.
The 24-year-old scored two goals in a 5-2 win against Utah on Wednesday and in a 7-4 victory over Wichita on Friday before adding an assist in a 5-1 win against the Thunder on Saturday.
A native of Delta, British Columbia, Olsen tallied 51 points (26g-25a) in 57 games this season with Colorado and Utah while adding two points (1g-1a) in four games with Znojmo Orli HC in Austria.
Olsen has appeared in 181 career American Hockey League games with St. John’s and Manitoba, totaling 29 points (17g-12a).
Prior to turning pro, Olsen recorded 166 points (84g-82a) in 275 career games in the Western Hockey League with Saskatoon and Kelowna.
On behalf of Ryan Olsen, a case of pucks will be donated to a Colorado youth hockey organization by Inglasco, the exclusive puck supplier of the ECHL. Since beginning its sponsorship of the award in 2000-01, Inglasco has donated more than 37,000 pucks to youth hockey organizations in ECHL cities.
Also Nominated: Terrance Wallin (Adirondack), John McCarron (Florida), Josh Shalla (Indy), Matt Pohlkamp (Quad City), Chris McCarthy (Reading), Kelly Zajac (South Carolina), A.J. Jenks (Toledo), Kyle Thomas (Utah), Cam Brown (Wheeling) and Ralph Cuddemi (Wichita).