The rush on entry-level contracts continues, with the Washington Capitals signing Ryan Hofer to a three-year deal. It will carry an average annual value of just over $850K, and likely starts next season. Today is the first day to register entry-level contracts for 2023-24.
Hofer, 20, is currently playing for the Kamloops Blazers of the WHL, this year’s host of the Memorial Cup. He was selected in the sixth round last summer after being passed over in each of his first two years of eligibility.
The late bloomer didn’t even crack major junior until 2020-21, before exploding onto the scene last year with 25 goals and 58 points in his first full season in the WHL. This year, as an overage player, he has 36 goals and 56 points in just 53 games, split between Kamloops and the Everett Silvertips.
Hofer will get a chance to play deep into the spring with a Memorial Cup appearance as the host city gets an automatic bid. Next year, he’ll be sent to the minor leagues where he can start his pro career with the Hershey Bears.