During our most recent podcast interview, Tim asked Mika Zibanejad about the details surrounding his Swedish Elite League (SEL) contract and whether or not there was an NHL imposed deadline that an entry-level contract would have to be signed by thereby allowing him to play in the NHL season.
To his credit, Mika admitted he wasn't familiar with the particulars of his SEL deal but thanks to a blog post written Tom Gulitti earlier today that discusses the situation involving the New Jersey Devils and Swedish defensive prospect Adam Larsson, we now have some clarity regarding the negotiations.
From Gulitti's Fire & Ice:
According to the transfer agreement the NHL has with European teams through the IIHF, if Larsson, who was selected fourth overall last month, is not signed before 5 p.m., Friday, the Devils would have to pay his Swedish Elite League team, Skelleftea, $100,000 to be able to sign him before 5 p.m. Aug. 15. If he is not signed before 5 p.m. on Aug. 15, Larsson would have to fulfill the remaining year on his contract with Skelleftea.
So there you have it. Bryan Murray has to sign Zibanejad to an ELC before 5:00 pm this Friday or else they are faced one of two consequences:
1) They would have to pay a $100,000 fee to Djurgarden so that they can negotiate with Zibanejad until August 15th; or
2) If they cannot come to agree to terms by this week's deadline or by Friday, August 15th, Zibanejad will be spending the next season in the SEL.
UPDATE @ 5:30 pm:
Thanks to steffeG (@steffeG) for pointing out that in accordance with the NHL/SEL transfer agreement, the $100,000 fee would be paid on top of the $225,000 that is always posted for SEL players when they sign their first NHL contract.