Penn State's Casey Bailey Signs with Toronto Maple Leafs

Penn State junior forward Casey Bailey, an undrafted free agent, has signed a two-year entry-level contract with the Toronto Maple Leafs, forgoing his final year of eligibility and becoming the first player in Penn State program history to sign an NHL contract.

Bailey was one of the most coveted free agents in college hockey this season. We ranked him as the 40th-best prospect in college hockey this year, and the second-best available free agent. Bailey was pursued heavily by a number of teams with the final decision coming down to Toronto and Buffalo, a team owned by Penn State hockey benefactor Terry Pegula.

Bailey's contract begins immediately, allowing him to burn off the first year of his entry-level contract in the final weeks of this season, and become a free agent a year earlier.

For more on Bailey, read this scouting report from SBN College Hockey's Mary Clarke.