[Signing] Sean Monahan Signs ELC

[dammage79]

Calgary Flames ‏@NHLFlames 53s
The #Flames have signed 2013 1st round #NHLDraft pick Sean Monahan (@Monahan20) to an entry-level contract ~ http://cflam.es/1aEqrzC

Calgary Flames ‏@NHLFlames 1m
"Sean has demonstrated a seriousness of purpose & a steadfast resolve to be the very best player he can be." - Jay Feaster on @Monahan20

Calgary Flames ‏@NHLFlames 48s
"Not only is Sean a very good hockey player, but he is a great person as well." - Jay Feaster on @Monahan20

[loob job]

Great news.

[devo22]

Contract terms: Three-year entry level contract with an NHL base salary of $832,500 with a signing bonus of $92,500 each year and an AHL salary of $70,000 per year. There are “A” performance bonuses available ($850,000) in each year so the contract carries an Average Annual Value of $1,775,000 (only if he earns all bonuses).

that's solid. That's significantly less than the other top 10 picks, correct? I think MacKinnon, Drouin and the Russian kid carry a possible AAV over 3m IIRC.

[Canada 02]

Flames can thank Carolina for the Lindholm contract; pretty much capped what they needed to offer Monahan

1. Mackinnon - $3.775m
2. Barkov - $3.575M
3. Drouin - $3.225M
4. Jones - $3.225M
5. Lindholm - $1.775M
6. Monahan - $1.775M
8. Ristolainen - $1.775M
10. Nichushkin - $2.125M
12. Domi - $1.425M
25. McCarron - $1.1375M

[getbak]

Yay!

Contract terms: Three-year entry level contract with an NHL base salary of $832,500 with a signing bonus of $92,500 each year and an AHL salary of $70,000 per year. There are “A” performance bonuses available ($850,000) in each year so the contract carries an Average Annual Value of $1,775,000 (only if he earns all bonuses).

Maximum base dollars and maximum "A" bonuses. No "B" bonuses. Pretty standard for a top 10, but not top 5 pick.

[Tinordi]

Giten'er done

Liking Feaster more and more

[Stay Golden]

Burning a ELC on such a young player, This is a good indication the Flames are going to give him every chance to make the team or at minimum feel he is very close. This is great news!!!

[djsFlames]

See you on the big club this season.

[Lanny'sDaMan]

This makes my pants way too tight!! Fantastic signing!

[Lanny_McDonald]

Great deal! Well done Feaster!

[Soliak]

Thank you Jay!!!

[StrykerSteve]

Terrific news.

He's had 3 years performing at a high level in junior, time to make the jump.

[Francis's Hairpiece]

Finally, after years and years, Flames fans get to be excited about prospects.

Well Done Feaster.

Welcome, Monahan!

[bluck]

Future Captain right here. Well done!

[Beatle17]

Originally Posted by Stay Golden

Burning a ELC on such a young player, This is a good indication the Flames are going to give him every chance to make the team or at minimum feel he is very close. This is great news!!!

They don't burn a year on the ELC unless he plays more than 10 games.

[Wolven]

Excellent signing and all around fantastic news. I can't wait to hear more about Monahan's summer. Prospect camp, main camp, etc.

[Erick Estrada]

Originally Posted by Canada 02

Flames can thank Carolina for the Lindholm contract; pretty much capped what they needed to offer Monahan

1. Mackinnon - $3.775m
2. Barkov - $3.575M
3. Drouin - $3.225M
4. Jones - $3.225M
5. Lindholm - $1.775M
6. Monahan - $1.775M
8. Ristolainen - $1.775M
10. Nichushkin - $2.125M
12. Domi - $1.425M
25. McCarron - $1.1375M

LOL Nichushkin.

[Huntingwhale]

YES!!

[Calgary4LIfe]

Originally Posted by Stay Golden

Burning a ELC on such a young player, This is a good indication the Flames are going to give him every chance to make the team or at minimum feel he is very close. This is great news!!!

A year will only be burned if plays more than 9 games this season with the Flames. If he plays in Junior this year, the contract just gets pushed back.

[Prufrock]