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