Do not sign your prospects unless they will play-This is a really important point, a lot of people sign them and then return them to junior, this is pointless. They remain as RFA's if you do not sign them, so why do it? You can gain a few benefits by leaving them as RFA's until they play.
Example 1 is that when a player is signed and then returned to junior, he cannot be called back up until the next season. If the player is unsigned, he can be signed at any point in the season to bring him up, neat trick huh?
Example 2 is that the player is not going to be contributing to your team, so why pay him if you don't have to?(and you don't!) The contract will expire and he will just want more money! To keep your prospect contracts low, do not sign them until they will be on your AHL or NHL team.
2Way contracts-This may come naturally to some, but a lot of people do not sign their AHL players to 2way contracts. This is bad (shame on you!), now you are paying an AHL player NHL money. When a player has a 2 way contract and he is sent to the minors, he doesn't get paid his whole amount on his contract, big $ saver here.
The search for consistency-The #1 most important stat in EHM is not overall, that is second. If a player is 88 overall and has 50 consistency, he is really only giving you half of his worth. No, I do not mean he is really 44 overall, I mean is he is 88 overall half the time and a lot less the rest. especially when looking at goalies, I still think a 74oa goalie with 80 consistency is worth more than a 80oa goalies with 50 consistency, that is just a matter of opinion though.