4:17 p.m.: The contract begins next season, per CapFriendly. As such, Ollas will reach RFA status in 2026. The deal carries a cap hit of $855K and will see him earn $775K in base salary, $80K in signing bonuses, and $75K in minors salary in each of the next two years.
1:43 p.m.: The Rangers have signed goaltender Hugo Ollas to a two-year, entry-level contract, according to a team release. He’ll likely finish the season with their AHL affiliate, the Hartford Wolf Pack. The team did not specify if Ollas’ deal began immediately or was signed for the 2024-25 campaign.
Ollas was a seventh-round pick of the Rangers in the 2020 draft, and they had until Aug. 15, 2025, to sign him before losing his exclusive rights. The 21-year-old has spent the last three seasons in collegiate hockey with Merrimack, where he was named to the Hockey East Third All-Star Team in 2022-23.
His upside comes from his calm yet fluid movements in the crease—although at 6-foot-8 and 238 lbs, he doesn’t have much ground to cover to move from post to post. His numbers at Merrimack have consistently declined since his strong freshman season, though, going from a .920 SV% and 2.24 GAA in 2021-22 to a .908 SV% and 2.84 GAA this season.
The Rangers did not disclose the financial terms of Ollas’ contract. The Linköping, Sweden, native will be an RFA in either 2025 or 2026, depending on if his contract begins immediately or defers to next season.