Tyler Seguin has signed his three-year, entry-level contract. Seguin, picked No. 2 overall behind Taylor Hall on June 25 in Los Angeles, will have an annual cap number of $3.55 million.
"These deals aren't overly difficult to do," said GM Peter Chiarelli during a conference call. "There are some nuances to them. But there's a body of work on No. 2 picks that have signed prior to that. We felt it was time to sign Tyler. He's a high pick. He performed well in our development camp. We thought it was time to sign him to give him peace of mind and make him feel part of the organization."
Seguin will have a base salary of $900,000 plus $2.65 million in performance bonuses. Seguin will earn $67,500 in AHL salary. However, the 18-year-old is not eligible to play in the AHL until 2012-13, rendering his Providence salary irrelevant for the first two seasons of the contract.
Seguin is currently in St. John's, Newfoundland, where Hockey Canada's national junior team development camp will kick off tomorrow. Last year, Seguin didn't make the Canadian world junior roster.
ESPN Boston first reported the sides had agreed to a deal.
With Seguin in the fold and Blake Wheeler signed last week to a one-year, $2.2 million contract, the Bruins remain over the cap. But Marco Sturm will be placed on long-term injured reserve, allowing the Bruins to exceed the cap by his $3.5 million salary.
* Chiarelli said the Bruins have selected an assistant coach to replace Craig Ramsay, who accepted the lead job in Atlanta. They are working on final contract issues and an announcement will be made later this week.
UPDATE: An earlier post had the incorrect annual cap hit. Seguin's annual cap number will be $3.55 million. Seguin will earn $900,000 in base salary, and he can earn up to $2.65 million in bonuses ($850,000 maximum in Individual A, and $1.8 million maximum in Individual B). Many apologies for the error.