Originally posted by: jaeger66
10 years ago anyone drafted in the first 2 rounds pretty much went right to the NHL. Today there seems to be a extensive grooming process in the minors that I think is silly, but that's the new ideology. Anyway, when you draft a player you have his rights and then you can:
Keep him in college if that's where he came from-no pay.(almost all players old enough to be drafted are too old for juniors).
Sign him to an NHL contract-this means he makes NHL money regardless of whether he's in the NHL or the minors.
Sign him to a 2-way contract-this means big money in the NHL and little money in the minors.
These days, virtually all draftees are signed to 2 way deals and then sent to the minors for grooming and polishing. Players drafted by an NHL team are paid by the NHL team regardless of where they play. Players who have been around for a while and aren't ever going to make it to the NHL can sign minor league deals and are paid by the minor league team.