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 in. This is opposed to a one-way contract that would pay the same salary regardless of where the athlete is assigned to play.
Two-way contracts are common for professional ice hockey players who aspire to play in the National Hockey League (NHL).http://www.nhl.com/ice/news.htm?id=533729http://www.sportsnet.ca/hockey/2010/09/10/thrashers_dawes/ Any hockey player entering the NHL for the first time will sign a 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 AHL or (for players on entry-level NHL contracts) the ECHL.http://starsblog.dallasnews.com/archives/2011/01/brandon-segal-placed-on-waivers.html
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Category:Misc.