According to Dean Millard of the Pipeline Show, the Oilers have signed Ryan Nugent-Hopkins to an ELC:
Kevin Lowe got the ball rolling by contacting the RNH camp and a contract was quickly worked out with Assistant G.M. Rick Olczyk. The pact will pay the first overall pick the maximum $925,000 and with bonuses could jump to $3.775 million. Some of the bonus triggers are goals, assists, points, points per game, ice time, plus/minus and various awards. Interestingly enough winning the Calder trophy is not an eligible bonus do to the current CBA.