The Edmonton Oilers have agreed to terms with prospect Linus Omark on a two-year entry level contract worth $875,000.
The contract has a European out-clause in the second year, meaning Omark will play in the NHL or the AHL in the first year of the deal where the Oilers will see him play the North American game for a season and see how he develops.
The 23-year old Omark was selected in the fourth round, 97th overall, by the Oilers in the 2007 NHL Entry draft. He spent the past season with Dynamo, ranking third on the team behind Mattias Weinhandl and Jiri Hudler with 36 points in 56 games.
The native of Overtornea, Sweden, played four seasons for Lulea HF in the Swedish Elite League prior to playing with Moscow. In his last year with Lulea HF the 5'11, 188-pound winger scored 23 goals and added 32 assists for 55 points in 53 games.
The Oilers remained busy on Monday as they also signed NCAA prospect Chris Vande Velde.
The 23-year old Vande Velde will report to the Oilers' AHL affiliate in Springfield this weekend. The University of North Dakota product was chosen in the fourth round, 97th overall by the Oilers in the 2005 NHL Entry Draft. In 43 games for the Fighting Sioux this season, the Moorhead, Minnesota native had 18 goals and 17 assists.