10:46 a.m.: Rizzo’s deal carries a $925K cap hit, per PuckPedia. That’s broken down into an $832.5K base salary and a $92.5K signing bonus each season. When assigned to the minors, he’ll earn a $70K salary.
10:19 a.m.: The Flyers announced this morning that they’ve signed center prospect Massimo Rizzo to a two-year entry-level contract beginning next season. Financial terms were not disclosed, nor did the team confirm if he’ll join AHL Lehigh Valley on a tryout to end the campaign.
Rizzo, 22, was selected by the Hurricanes in the seventh round of the 2019 draft but had his signing rights picked up by Philadelphia in an August 2023 trade. This was part of a complicated saga that saw the Flyers buy out the final season of defenseman Tony DeAngelo’s two-year, $10MM contract so that he could sign with Carolina.
The Hurricanes drafted Rizzo out of Penticton in the British Columbia Hockey League, and he didn’t make his collegiate debut for the University of Denver until 2021 because of the COVID-19 pandemic. He broke out in a big way with the Pioneers, averaging well north of a point per game across his three seasons there and capturing two national championships. Rizzo capped off his university career with 10 goals, 34 assists and 44 points in 30 contests this season and a +24 rating. That earned him NCHC Second All-Star Team honors, a nomination to the NCAA Second All-American Team for the West Region, and Denver’s Hobey Baker Award nominee for the top player in college hockey.
The high-skill playmaker will make a decent case to challenge for a roster spot as soon as next season, although it shouldn’t be viewed as a major disappointment if he begins 2024-25 in the minors. The Athletic’s Scott Wheeler named him the fifth-best prospect in the Flyers system in February, trailing only 2023 top-10 pick Matvei Michkov and rookie winger Bobby Brink among forwards. His ELC will expire in 2026, making him an RFA at that time.