Quote:
Originally Posted by Reggie Dunlop
No, Entry Level Contracts are 3-way deals.
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3-way contracts haven't been a thing since before the lockout. I believe Gio was the last 3-way contract the Flames signed.
If Coronato signs before the end of this season and burns off the first year, he'll get paid his $92,500 signing bonus right away, plus a couple of weeks of NHL salary. Because he'd be signing after the deadline, he wouldn't be able to be sent to the AHL, so he'll also get a chance to make an impression on the coach.
Harvard is pretty-much a lock to make the NCAA Tournament, so his season will end either the weekend of March 23-26 if they don't win their region, or as late as April 8, if they make the Frozen Four. Either way, the Flames have games up to April 12, so he'll have the option to sign & burn even if the Flames miss the playoffs.
After that, he'd get another signing bonus on July 1. Then, depending on if he makes the team out of camp, he'll either get his NHL salary or his AHL salary for next season, and the same the following season.
If he signs and burns this spring, he'll be an RFA on July 1, 2025. If he decides to be stubborn and play out his NCAA eligibility, he would become a UFA (but still have to sign a 2-year ELC) in August 2025.
A final option he has is to sign a 3-year ELC that starts next season and play out the end of the season in the AHL (the Wranglers will likely have a longer run than the Flames this spring). He wouldn't get the signing bonuses as quickly and would have to wait a year for RFA, but it would give him extra leverage as an RFA.