The Edmonton Oilers have signed first overall selection Ryan Nugent-Hopkins to his entry level contract. Details up soon at capgeek. RNH is the Oilers second 1st overall pick in a row and stands a very good chance of making the big club in the fall.
The big decision will come after 9 NHL games. At that point the Oilers will need to decide to keep him–thus burning a year of the entry level deal signed today–or return him to junior for the WJ’s and Red Deer’s regular season plus playoffs.
Source is here.