The agreement will see Kotkaniemi earn $832,500 at the NHL level with a signing bonus of $92,500 per season, for an average annual value of $925,000. He is set to make $70,000 per season at the AHL level.
Kotkaniemi was selected third overall by Montreal at the 2018 NHL Draft in Dallas, and has been attending the team's development camp at the Bell Sports Complex in Brossard.
A native of Pori, Finland, Kotkaniemi suited up for 57 games with Assat of the Finnish Elite League last season, recording 29 points (10G, 19A) and 20 penalty minutes.
The 6-foot-2, 182-pound pivot enjoyed a terrific 2018 World Under-18 Championship, recording nine points (3G, 6A) and a plus-9 differential in seven tournament contests, helping Finland secure the gold medal.
Kotkaniemi also won silver with Finland at the Under-18 Worlds in 2017, amassing six points (1G, 5A) in seven games.
