Lindholm signed his deal during a ceremony Monday at team headquarters.
The versatile forward will make $832,500 at the NHL level or $70,000 in the minors in each of the three years. He will receive a signing bonus of $277,500.
Hurricanes general manager Jim Rutherford says Lindholm will have the opportunity to start the season with the team "and I will be shocked if he doesn't." Rutherford says Lindholm can play all three forward positions.
Carolina took Lindholm with the fifth pick of the draft last month. The 18-year-old Lindholm had 11 goals and 19 assists last season in the Swedish Elite League.
Yeah, it was a pretty special moment for me. Today was my Dad's [55th] birthday. I have a lot of family in town, so it was a special moment for me to score my first one today. A win definitely would have capped it off, but you can't have everything.
— Sabres rookie Jack Eichel after scoring a goal in his National Hockey League debut
TONIGHT ON NHL NETWORK
5:00 ET: NHL Live Powered by Constellation 7:00 ET: NHL Tonight 10:30 ET: NHL Tonight 11:30 ET: On The Fly