From TSN:

The Edmonton Oilers have signed forward Leon Draisaitl, the third overall pick in the 2014 draft, to a three-year entry level contract.

Draisaitl had 105 points (38 goals, 67 assists) in 64 regular-season games for the Western Hockey League's Prince Albert Raiders last season. He also had a goal and two assists on four playoff games.

The six-foot-one, 209-pound centre from Cologne, Germany, has represented his country several times, most recently at the 2014 World Hockey Championship, where he had four points (one goal, three assists) in seven games.

He joins a young Oilers team that includes recent first-overall picks Taylor Hall, Ryan Nugent-Hopkins and Nail Yakupov.