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.

The #NYR signed 20 y/o '18 #28 Pick RD Nils Lundkvist to 3 year ELC:

Base Salary $832.5K
Signing Bonus $92.5K
"A" Performance Bonuses Max $850K
Minors $70K

Cap Hit $925K, AAV $1.775M

14G 32P in 52 SHL GP
Rep'd by Claude Lemieux @4sportshockey https://t.co/KLXYBQReN4

As expected, the cap hit is up there for an ELC, with a $925K cap hit that can get up to $1.