McDonough Signs Entry Level Deal with Rangers? (Updated)

Update, 11:41 a.m.:
Pronman apologies for incorrect info...

I apologize for the tweet about McDonagh, it was a false alarm from someone I knew in Wisconsin. Sincere apologies.less than a minute ago via TweetDeckCorey Pronman
coreypronman

...goes to show if you get second-hand information you have to confirm it before going public. Especially with how quickly information like that can go viral on the internet.

Update, 11:17 a.m.:

An fyi in case it has been reported otherwise: No progress at all in talks between Rangers and Badgers' senior D Ryan McDonagh.less than a minute ago via webLarry Brooks
NYP_Brooksie

...not sure what to think now. Guess we'll just have to wait until a formal announcement from Rangers.

Original Post:
Just got this tweet from Corey Pronman of Puck Prospectus...

Derek Stepan and Ryan McDonagh have signed entry level deals with the Rangers. Wisconsin coach in tears.less than a minute ago via TweetDeckCorey Pronman
coreypronman

...not sure the validity of this report but you had to assume it was only a matter of time before McDonough signed especially after the Rangers locked up Stepan. I'll fill you in as soon as more details are available.