Two-way contract

A two-way contract is a professional sports contract which stipulates that an athlete’s salary is dependent upon the league in which the athlete is assigned to play. This is opposed to a one-way contract that would pay the same salary regardless of where the athlete is assigned to play.[1]

Two-way contracts are common for professional ice hockey players who aspire to play in the National Hockey League (NHL).[2][3] Any hockey player entering the NHL for the first time will sign an entry-level, two-way contract with an NHL team stipulating that he will receive a higher salary if assigned to play with the NHL team, but will receive a lower salary if assigned to play for a team in the minor leagues such as the American Hockey League or the ECHL.[4]

References

  1. ↑ "Major league dreams are anything but cheap". The Augusta Chronicle. 2006-12-03. Retrieved 2010-12-01.
  2. ↑ Penguins sign F Craig to two-way contract - NHL.com - News
  3. ↑ Dawes signs 2-way contract with Thrashers - sportsnet.ca
  4. ↑ Brandon Segal placed on waivers - Sports News - The Dallas Morning News


This article is issued from Wikipedia - version of the Friday, October 03, 2014. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.