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Islanders Sign Top Prospect Matthew Schaefer to Three-Year Entry-Level Contract

His signature forecloses NCAA options by tying him to the Islanders’ age-based NHL eligibility path.

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Overview

  • He signed a three-year entry-level contract with a $975,000 salary cap hit and up to $3.5 million in performance bonuses.
  • A UBS Arena ceremony featured 20 children who lost a parent presenting the contract in a gesture linked to Schaefer’s own loss.
  • Under the NHL collective bargaining agreement he can play up to nine games before burning a year on his deal and must otherwise return to the Erie Otters.
  • The Islanders, who traded Noah Dobson this summer, hold cap space for his integration and view him as the cornerstone of their defense rebuild.
  • He concluded the day by throwing the ceremonial first pitch at Citi Field before reporting to Islanders training camp in mid-September.