What does a one year, two way contract mean in hockey ?

Question

N.H.L.

Answer 1

A one year contract is as it is stated is from the date it is signed until 12:00 noon on July 1st of the next year.

A two way contract is a contract where the player makes different amounts of money in the NHL than the minor leagues.

For the record, Sidney Crosby is on a two-way contract, he does NOT need to clear waivers to be sent down.

All 'rookie' contracts are two-way, and there is no waiver provision in these contracts.

Wade belak in Toronto has a two way contract, but he does not need to clear waivers.

TB Lightning, the waiver length varies depening on the contract and status of the player (new for the current CBA), it is either 72 hours or 96 hours. Once on the waiver wire teams send an email to the NHL saying 'yes' or 'no' to make a claim on the player. If all teams say no, a team can send a player to the minors, trade him, or release him outright.

If a team says yes, the team that placed him on waivers has the choice to recall the player, or let him go to the team that said 'yes'

If more than one team says yes, the team with the lowest overall standing gets the claim.

Now, one of the things about waivers, a team can say yes to ruin a trade.

i.e. Minnesota reaches a plan to trade Gaborik to another team. Minnesota puts Gaborik on recallable waivers. A team can put in a claim, forcing Minnesota to recall Gaborik and scuttling the trade This scenario was performed on Calgary when they originally tried to trade Theoren Fleury. A behind the scenes financial deal was made with the claimants to allow the trade to go through.

Answer 2

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Answer 3

Obvisouly, you get the on year part....

A two way contract allows the GM of a team to send the player down to their minor league team without having to go through waivers. Waivers is a period of a few days (sorry, I dont remember exactly how long) where teams can pick up players from other teams.

Answer 4

it means that the contract will expire in one year. and if a contract is two way it means that the player can be sent to the minors without having to clear waivers.