Rangers sign Nils Lundkvist to entry level contract

The waiting is over, the NY Rangers have signed prospect Nils Lundkvist to an entry level contract.

As expected, the cap hit is up there for an ELC, with a $925K cap hit that can get up to $1.775 million with bonuses. Lundkvist is one of the more highly regarded Rangers prospects who has been one of the SHL’s best defensemen.

It is expected that Lundkvist competes for the 3RD spot on the Rangers next season. It would be surprising if he starts the year in Hartford.