The Montreal Canadiens agreed to a three-year, entry-level contract with top draft pick Kaiden Guhle.
Under terms of the deal, the contract has an average annual value of $925,000 at the NHL level and includes performance bonuses of up to $420,000 each season. The contract runs through 2022-23.
The AHL value is $80,000 per season.
The Canadiens selected Guhle with the No. 16 overall pick in the 2020 NHL Draft earlier this month.
The 18-year-old defenseman scored 40 points (11 goals, 29 assists) with the Prince Albert Raiders of the WHL in the 2019-20 season.