NEWARK, N.J. -- The New Jersey Devils played their own version of Beat the Clock Friday when they signed top prospect defenceman Adam Larsson to a three-year, entry-level contract.
The Devils had to sign the No. 4-overall pick prior to 5 p.m. local time Friday or they would have had to pay Larsson's Swedish Elite League club team, Skelleftea, US$100,000 to extend the deadline to Aug. 15.
The stipulation is part of the NHL and European league transfer agreement.
Larsson still has one year remaining on his contract in Sweden.
Reports indicate the deal is worth $925,000 a year, which is the maximum entry-level salary, if he is on the NHL roster. Larsson is also eligible to play in the American Hockey League, where his salary would be the maximum $70,000.
Frolik stays in Chicago
CHICAGO -- Restricted free agent centre Michael Frolik has agreed to a three-year contract with the Chicago Blackhawks.
The 23-year-old had three goals and six assists in 28 games last season with Chicago. The Hawks acquired him from the Florida Panthers on Feb. 9.
Frolik enjoyed a strong playoff for the Hawks. He potted two goals and three assists during the opening-round seven-game series against the Vancouver Canucks.
In three seasons with the Panthers, Frolik had 53 goals and 126 points in 241 games.
Caps re-sign Alzner
WASHINGTON -- Former first-round draft pick Karl Alzner has re-signed with the Washington Capitals.
The deal is for two years.
"We feel he's an important part of our defensive core who logs critical minutes against other teams' top players," said the team's general manager, George McPhee.
The 22-year-old, picked fifth overall in the 2007 draft, had two goals and 10 assists in his first full season with the Caps in 2010-11.
In 133 NHL games during parts of three seasons, Alzner has scored three goals and added 19 assists, with 34 penalty minutes.
Internationally, the Burnaby, B.C., native is a two-time gold medallist at the world junior championship with Canada. Alzner captained the Canadian team in 2007-08.
Panthers, Gudbranson deal
MIAMI -- After putting together a strong training camp last season, rookie defenceman Erik Gudbranson was told by Florida Panthers management that he'd shown enough to make the team.
Contract negotiations turned sour though, and the first-round pick (third overall, 2010) was sent back to his junior club in Kingston.
This year, the Panthers didn't waste time calming the waters and signed the 19-year-old to a three-year entry-level deal on Friday.
Gudbranson had 12 goals, 22 assists and 105 penalty minutes in 44 games last season with the Frontenacs of the Ontario Hockey League.
The 6-foot-4, 200-pounder also had five points in seven games at the world juniors this past winter in helping Canada win a silver medal.
-- from the news services