I am told the deal is done. The Canucks have signed 23-year-old Sergei Shirokov to a two-year deal.

The contract is an entry-level deal and a two-way contract, meaning he can be called up to the Canucks or sent to their farm team (Manitoba Moose) without going through waivers. He will be paid $875,000 with bonuses each year.

Note: Under CBA rules, players at the age of 22-23 can only sign two-year entry-level contracts.

*Update* I have been told that an official announcement has not been made yet because there is a problem in Russia to send him over. But don't get me wrong, this deal is 100 percent done.

*8:00 Update* I have been on the phone with several people, and as I said before, the deal is 100 percent done, but the problem has something to do with a team in Russia that apparently signed Shirokov. I don't have much, but at least it's something. I am not sure how this affects the situation as of yet. I'm hoping this isn't another Evgeni Malkin situation. I will try to find out more, so stay tuned.

*11:00 Update* I am now told the problems were not as big as we thought, look for an official announcment soon...

*Update Now Official* http://www.theprovince.com/Sports/Luongo+goaltending+guru+gets+away+from+star+pupil+signs+deal+with+Maple+Leafs/1688173/story.html