During my minor league check, I discovered that the following players were over the 40 game limit for minor leaguers without a contract.
Per the rules, they are signed to a two 2 contract based on respective draft value or extension (whichever may be higher) and placed on the major league roster.
Adam Erne, N/C (49 games), signed based on draft position value, Adam Erne, $0.6m (2019-2020)
Contract RulesDraftees will be placed onto the MiLR. All drafted players will start in the minors with no contract (N/C) and only have to be signed when the GM feels the need. If they remain in the minors without a contract and exceed 40 games played they have to be signed to their respective draft value or extension (whichever may be higher) or released to free agency.
40+ games of NHL Experience - Can be signed only to a major league contract with value of the contract dictated by draft position or extension value (whichever is higher). These players will automatically be transferred to major league roster and have to be signed to a contract or released to free agency. They will also be subject to waivers to return to the minor league.
This number is 30+ games for goaltenders
Stipulation 1: If a player hits 40 games it is the GMs responsibility to sign the player or release them. If the commissioner comes across a player that has played over 40 games, they will be signed to a 2 year contract based on the above rules. The player will automatically be placed on the major league roster.
Stipulation 2: All two way contracts must be a minimum of 2 years in length.