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Florida Panthers signed Kai Schwindt (3 Years / $821,667 AAV)

Was this a good signing?
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Sep. 30, 2022 at 7:35 p.m.
#1
Kai Schwindt has signed a new contract with the Florida Panthers.
Entry-Level Contract
Comparable ContractsCOMPARE THIS CONTRACT
SIGNED BY: Bill Zito
Length: 3 years
Value: $2,535,000
Expiry Status: RFA
Cap % Tooltip: 1.00
Signing Team: Logo of the Florida PanthersFlorida Panthers
Signing Date: Sep. 30, 2022
Source: CapFriendly

Kai Schwindt signed a 3 year, $2,535,000 contract with the Florida Panthers on Sep. 30, 2022. The contract has a cap hit of $821,667.

SEASONClauseCap HitTooltipAAV TooltipP. BonusesTooltipS. BonusesTooltipBase SalaryTooltipTotal SalaryTooltipMinors SalTooltip
2022-23$836,667$836,667–$70,000ENTRY-LEVEL SLIDE
2023-24$821,667$821,667$0$70,000$775,000$845,000$82,500
2024-25$821,667$821,667$0$70,000$775,000$845,000$82,500
2025-26$821,667$821,667$0$0$775,000$775,000$82,500
TOTAL$3,301,668$3,301,668$0$210,000$2,255,000$2,465,000$247,500
Qualifying OfferTooltip: $813,750
Sep. 30, 2022 at 8:19 p.m.
#2
Svechy37
Canes hockey.
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Joined: Nov. 2020
Posts: 270
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this has nothing to do with Schwindt, but I'm just wondering how he is 18 and already signing an ELC as an undrafted prospect. And also why do we not see this more often if this is allowed. I just was wondering about it so would appreciate if anybody knew more about it.
Oct. 3, 2022 at 11:41 a.m.
#3
anelson115
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Quoting: Sparkyboi_GoCanes
this has nothing to do with Schwindt, but I'm just wondering how he is 18 and already signing an ELC as an undrafted prospect. And also why do we not see this more often if this is allowed. I just was wondering about it so would appreciate if anybody knew more about it.


Found this at: https://www.nhl.com/flyers/news/meltzers-411-drafting-rights--philadelphia-flyers/c-307757112

"From time to time, training camp tryout invitees who slipped through the cracks of the most recent Entry Draft (or sometimes two or three drafts) impress enough in camp to be signed to entry-level contracts. There are rules for which players are and are not eligible for such arrangements.

"Basically, it comes down to league affiliation and signing date. Undrafted players whose rights belong to CHL teams are eligible -- even at age 18 or 19 -- to sign NHL entry level contracts as unrestricted free agents. NHL teams are free to invite such players to summer development camp in July and/or the rookie and main NHL roster camps in September. A signing decision must be made by a set date when their CHL season begins."

I was unaware of this rule until you prompted me to go look for answers!
NoVaSpartan and Svechy37 liked this.
Oct. 4, 2022 at 12:38 a.m.
#4
Svechy37
Canes hockey.
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Joined: Nov. 2020
Posts: 270
Likes: 344
Quoting: anelson115
Found this at: https://www.nhl.com/flyers/news/meltzers-411-drafting-rights--philadelphia-flyers/c-307757112

"From time to time, training camp tryout invitees who slipped through the cracks of the most recent Entry Draft (or sometimes two or three drafts) impress enough in camp to be signed to entry-level contracts. There are rules for which players are and are not eligible for such arrangements.

"Basically, it comes down to league affiliation and signing date. Undrafted players whose rights belong to CHL teams are eligible -- even at age 18 or 19 -- to sign NHL entry level contracts as unrestricted free agents. NHL teams are free to invite such players to summer development camp in July and/or the rookie and main NHL roster camps in September. A signing decision must be made by a set date when their CHL season begins."

I was unaware of this rule until you prompted me to go look for answers!


Thank you for the explanation, I was thinking about it and just had to ask. Still learning about this sport every day.
 
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