A player signed by an NHL team to an entry-level contract. Entry-level contracts are given to players under the age of 25 and vary in length depending on the player's age. The entry-level contract is usually the first professional contract that a player under 25 signs when beginning his NHL career.
Players aged between 18 and 21 years who are beginning their NHL career are required to sign an entry-level contract lasting three years, while players who are 22 or 23 years old must sign two-year entry-level contracts, and 24-year old players must sign a one-year entry-level contract. The compensation given to an entry-level player is limited, and the maximum base salary is set by the collective bargaining agreement. However, entry-level players are eligible to receive signing bonuses and performance bonuses. These bonuses are decided upon by the team attempting to sign the entry-level player.