Michael Dal Colle, 2014 first-round pick (fifth overall) of the New York Islanders, has signed his entry level contract with the team.
TSN's Bob McKenzie reported the signing via Twitter Sunday, and CapGeek already has the reported details:
- three years (duh)
- $925,000 base salary and cap hit before bonuses
- potential $3.125 million average annual value if all bonuses are achieved
- $70,000 AHL salary
- $277,500 signing bonus
This is all fairly standard and right in line with previous NHL picks in this area of the draft, including recent Islanders picks like Griffin Reinhart. The NHL's entry level system for rookies is nice that way.
Thanks to the "slide" rule and the virtual certainty that Dal Colle will be returned to his Oshawa Generals junior club this season -- which means the bulk of the contract is pushed back until he enters the pros -- that overall cap hit will reduce slightly since the cap hit of that signing bonus will be spread over more than three years.
On that note, Arthur Staple of Newsday said to expect the first major camp cuts before Islanders training camp resumes with new groupings Monday.