8:25 PM: Puckpedia reveals the breakdown of the financial details. The first two years of the contract are the same with Korczak receiving a base salary of $700K, a $92.5K signing bonus and a $132.5K games played bonus. Year three of the contract sees his base salary increase to $750K, the same $92.5K signing bonus and an $82.5K bonus for games played. The entry-level contract has a cap hit of $809K with a AAV of $925K.
12:21 PM: The Golden Knights have agreed to terms with one of their 2019 draft picks, announcing that they’ve signed defenseman Kaedan Korczak to a three-year, entry-level contract. Financial terms of the deal were not disclosed.
The 18-year-old was Vegas’ second-round selection back in June out of Kelowna of the WHL. He collected 33 points in 68 games with the Rockets in 2018-19 but is nearly at that amount already this season as he has 28 (5-23-28) in just 32 games to sit second on the team in scoring behind only Tampa Bay first rounder Nolan Foote, who will be at the World Juniors next week.
While the deal technically begins this season, Korczak will see his deal slide to next year since he won’t be playing in ten or more games with the Golden Knights this season. Accordingly, he will still have three years remaining on his contract beginning in 2020-21 while he won’t count against the 50-contract limit where Vegas currently has 46 players signed.