Rangers sign Yogan to entry level contractMarch 26, 2012, by
The gents at Capgeek have the scoop that the Rangers have signed prospect Andrew Yogan to an entry level deal. The deal is a standard two-way, three-year ELC worth with a $655,000 NHL cap hit. The deal itself includes $80,000 per year of signing bonuses, and a base salaries of $630,000, $655,000, and $680,000 over the life of the deal. If Yogan remains in the AHL, he will make $55,000, $60,000, and $62,500 for the three years of the deal.
For those wondering why he didn’t just sign right now, instead of going through an ATO with Connecticut, it’s a CBA thing. No NHL team can have 50 players signed and in the professional ranks at any given moment. The Rangers currently have 49 players (this does not count Dylan McIlrath, J.T. Miller, or Christian Thomas, who have had their ELCs slide a year because they are in Juniors). Signing Yogan would have put them at that 50 player limit. Another reason: if he were signed for this year, it would burn a year on his ELC.
All in all, it’s a smart move for the Rangers to sign Yogan. The kid has some serious potential, but injuries have been an issue over the course of his junior career. With seven forwards in the AHL set to become free agents (RFA or UFA), the Rangers will need some bodies to fill out the roster. The move was officially announced by the Rangers a few minutes ago.