The Washington Capitals lost a young player on waivers today but immediately added a new one to the organization. The team has signed 2021 draft pick Vincent Iorio to a three-year, entry-level contract. The deal carries an average annual value of $875,833.
Iorio, 18, was sent back to the Brandon Wheat Kings of the WHL a few days ago after appearing in one preseason game. Selected 55th overall in this year’s draft, the young defenseman is already off to a quick start with Brandon, recording two points in his first two games. Unfortunately, both of those games were blowouts that didn’t go the way of the Wheat Kings, as they were outscored 17-3 by the Winnipeg ICE.
Still, the 6’3″ defenseman has a bright future and can now focus entirely on his development and not worry about earning an entry-level deal with the Capitals. He won’t turn 19 until November and is already in his fourth WHL season. Because he’s spending the year in junior, the first year of his deal will not be burned. Instead, the contract will slide forward and keep Iorio under control through the 2024-25 season–it could even side forward again next year, should he fail to play in the NHL.