November 11: The terms of Petrov’s contract were released by CapFriendly today. The three-year, entry-level deal carries a cap hit of $843,333 per season. The year-by-year breakdown is as follows:
2021-22: $750,000 base salary, $85,000 signing bonus, $15,000 performance bonus, $75,000 minors salary
2022-23: $750,000 base salary, $85,000 signing bonus, $15,000 performance bonus, $75,000 minors salary
2023-24: $775,000 base salary, $85,000 signing bonus, $75,000 minors salary
November 10: The Edmonton Oilers have signed prospect Matvey Petrov to a three-year, entry-level contract according to his agent Dan Milstein of Gold Star Hockey. The 18-year-old forward is currently playing with the North Bay Battalion of the OHL, where he will remain for the rest of this season.
Petrov, the 180th overall pick in the 2021 draft, has lit up the OHL competition to this point, scoring 10 goals and 18 points in his first 14 games for North Bay. Those ten goals tie Petrov for fifth in the OHL, and he has recorded the eighth-most shots on goal as well. The 6’2″ forward was coming off an impressive MHL performance when he fell to the sixth round, scoring 42 points last season in the Russian junior league. His performance in the OHL so far is promising, though there’s certainly still a lot of work to do before he glimpses NHL action.
Still, signing his entry-level deal already is a solid first step for the young forward. The contract will slide for this year and could again next year, should he return to junior or is assigned overseas. In all likelihood, Petrov’s new deal will keep him under contract through the 2025-26 season, after which he would be scheduled for restricted free agency. His deal also won’t count toward Edmonton’s 50-contract limit, since he’s already assigned to junior.
Excellent pick. Those are good numbers, especially for a young kid getting used to N. America.