Flames Sign Gaudreau & Arnold

And it’s official.

The Calgary Flames have formally announced the signing of NCAA standouts Johnny Gaudreau and Bill Arnold to entry-level contracts. Both are expected to meet the team in Vancouver and may be in the line-up for Sunday’s finale against the Vancouver Canucks.

Per the team, terms are three years for Gaudreau with a cap hit of $1.85 million, and two years for Arnold with a cap hit of $900,000. The first year will burn off both contracts (and neither can go to Abbotsford).

Arnold, 21, was Calgary’s fourth round selection in the 2010 NHL Draft. He’s had a pretty strong NCAA career; he made the All-Rookie Team, made the American World Junior team, won an NCAA Championship, and emerged as one of the best three-zone players in the entire NCAA. He put up 144 points in 159 games with Boston College. He’ll wear #46.

Gaudreau, 20, was the Flames fourth rounder in 2011, and has been probably the best collegiate prospect of any team over the past couple of years. He’s won an NCAA Title, a gold medal at the World Juniors, two Hockey East MVPs and just locked down a Hobey Baker. He put up 175 points in 119 games with Boston College. He’ll wear #53.

And now, everybody exhale. They both signed. Everything’s gonna be just fine.