The Colorado Avalanche have joined the ranks of teams who’ve signed their first-round draft picks. The team signed their fourth-overall draft pick, Bo Byram, to a standard three-year entry-level contract. Because of his draft rank, he’s earning the maximum $925,000 annually. According to Cap Friendly, he also earns $92,500 in signing bonuses each year.
In one way, I was a little surprised to hear the Avalanche had already signed him to his entry-level contract. I thought they might wait until training camp and see if he had a chance of making the team before they signed him.
However, Byram is a high draft pick, and other teams have been signing guys who went much lower down the list.