The contract, according to Capgeek.com, is worth $709,167 per year. A reported issue in the transfer agreement between the International Ice Hockey Federation and Slovakian Ice Hockey Federation had initially stalled contract talks between the Red Wings and Jurco.
Jurco, the No. 35 pick, will likely join Detroit's American Hockey League affiliate in Grand Rapids this season.
"I'm expecting myself to play in Grand Rapids this year," Jurco told the Detroit Free Press. "I'll do my best, obviously. I'm going to try to get used to playing men hockey. I hope it won't be problem for me. Maybe I'll get a chance for a couple [NHL] games this year, maybe next year."
The 6-foot-2, 193-pound forward has spent the past three seasons with the Saint John Sea Dogs of the Quebec Major Junior Hockey League. Jurco, 19, closed out the 2011-12 regular season with 30 goals and 38 assists in 48 games. He had 13 goals and 29 points in 16 playoff games.
In 172 career QMJHL games, Jurco tallied 87 goals, 175 points and a plus-126 rating. The winger also went 16-for-19 (84.2 percent) in post-overtime shootouts during his tenure in Saint John.
"We know there's going to be ups and downs like with any kid," Detroit assistant general manager Jim Nill told the Free Press. "Just gotta go to Grand Rapids and start his pro career.
"He should be a goal scorer. He's got high-end skill."