Shawn Matthias

Shawn Matthias continues to hold out; two-way deal is the problem

The difference between a one-way contract and a two-way deal may seem inconsequential to fans following their favorite teams and their offseason moves. After all, what does it matter? Who was signed? How long is the contract and what is the cap hit? If it’s a big time signing (or a Calgary Flames signing), maybe ask if there’s a no-trade clause included on the contract. Aside from those narrowly focused talking points, everything else is just legal speak in a legal contract.

For young players, there’s another aspect to a contract that can make or break a deal: the two-way contract.

For Florida Panthers restricted free agent Shawn Matthias, the difference between a one-way contract offer and a two-way agreement makes all the difference in the world. George Richards of the Miami Herald talked to Panthers assistant GM Mike Santos about the Shawn Matthias hold-out and their plans for the 23-year-old forward.

“Panthers assistant general manager Mike Santos said Wednesday that the delay in signing center Shawn Matthias comes down to something simple: ‘He and his agent can’t wrap their heads around us not offering a one-way deal.’

Santos said that the restricted free agent is getting a two-way deal and that’s it. Matthias is competing with the likes of Ryan Carter, Tim Kennedy and Evgeny Dadonov for a spot. Therefore, ‘I can’t give him a one-way,’ Santos said. ‘I have to leave spots open for competition.’”

There are two main differences between one-way and two-way contracts to keep in mind.

Two different salaries

Financially speaking, the major difference between the two types of contract is that a two-way contract will have two different salaries for a player depending on the league they’re playing in. If a player is in the NHL, he’ll make a certain salary; but if he’s sent down to the AHL, then he’ll make a different (much lower) salary. In many cases, the AHL salary is only 10% of the NHL salary for the same player. In a perfect example, Matthias’ entry-level deal paid him $62,500 per season in the AHL, but an average of $770,000 per season in the NHL.

On the other hand, a one-way contract pays the player the same salary whether they are playing in the AHL or the NHL. When we hear about Wade Redden getting paid $6.5 million to play with the Connecticut Whale, it’s because he’s on a one-way deal. Obviously, it’s in the teams’ best interests to sign players to two-way deals; while it’s in the players’ best interest to negotiate one-way deals in case they are sent to the minors.

Waiver exempt

From the team’s perspective, just as important is that two-way players are usually waiver exempt. In laymen’s terms, that means they can send a player down to the AHL and recall them as many times as they want without having to worry about another team taking their player. If a player is on a one-way contract, they have to clear waivers every any time they are moved. The player has to clear waivers if they are moved to the AHL; they have to clear re-entry waivers if they are recalled to the NHL. Each time, the player is made available to all 29 other teams for the same contract. Obviously, teams want the flexibility to utilize their players as they see fit.

For a team like the Florida Panthers, it’s extremely important to sign the fringe NHL players to two-way contracts. With all of the competition in Florida after their summer shopping spree, it’s no surprise that the Panthers are insistent on a two-way deal for a player like Matthias. Since there’s no guarantee that Matthias will even make the team out of training camp, they want to protect their asset and don’t want to lose the young forward for nothing.

We’ll see how the negotiations play out between the Panthers and Matthias this offseason. From Santos’ comments, it sounds like a two-way contract is more important than any other terms in a potential contract.

Sharks scratch Flames’ big lead, Calgary wins anyway

Calgary Flames' Mikael Backlund (11) chases down the puck against San Jose Sharks' Tomas Hertl (48) during the second period of an NHL hockey game in San Jose, Calif., Thursday, Feb. 11, 2016. (AP Photo/Tony Avelar)
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If you turned off Thursday’s Calgary Flames – San Jose Sharks game early, you’ll probably be stunned to see that Calgary won 6-5 via a shootout.

For instance:

  • A Sharks fan may have bitterly called it a night when Calgary went up 4-1.
  • Conversely, a Flames devotee might have retired after San Jose took a 5-4 lead, possibly with a broken remote.

The Flames only trailed for about two minutes before scoring the last “real” goal of the game, eventually taking their third straight win thanks to a shootout triumph.

It’s been a strange ride for Calgary, with its most recent win happening after Johnny Gaudreau, Sean Monahan and Lance Bouma were punished with a healthy scratch. As strange as this game was, the “charity point” can leave both teams looking through a lot of film, yet with something gained as well.

Ultimately, the message may very well be: don’t sleep on these teams.

(In less positive news, Karri Ramo is injured, and it doesn’t look good.

Jonas Hiller closing out the game on a hot streak could be pretty important if Ramo’s out for some time.)

By winning fifth straight, Caps extend Wild’s slump to seven losses

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ST. PAUL, Minn. — Alex Ovechkin scored three times in the second period for his 14th career hat trick, and the Washington Capitals beat the Minnesota Wild 4-3 on Thursday night.

Ovechkin, who leads the league with 34 goals, has 13 in his past 13 games. Nicklas Backstrom had three assists and Jason Chimera added an empty-netter for Washington, which improved to a league-best 20-5-2 on the road.

Braden Holtby made 33 saves for the Capitals, who won their fifth consecutive game and became the first team to reach 40 victories this season.

Charlie Coyle, Ryan Suter and Mikael Granlund scored for the Wild, but Minnesota lost for the 12th time in its past 13 games (1-10-2). Devan Dubnyk made 29 saves for the Wild, who have lost seven in a row at home (0-4-3).

Ovechkin’s third goal, which deflected off both the post and the back of Dubnyk into the net, was upheld following a coach’s challenge. Wild coach Mike Yeo challenged that the puck had left the zone for offsides, but the call stood after a review showed that Backstrom stopped the puck before it crossed the blue line.

The goal gave Ovechkin his first hat trick since he scored four goals against Tampa Bay on Dec. 10, 2013.

It wasn’t the only fortunate bounce for Ovechkin on the night, and the five-time 50-goal scorer capitalized on each opportunity.

A shot from T.J. Oshie deflected off of Minnesota forward Zach Parise across the ice right to Ovechkin in the left faceoff circle and Ovechkin quickly snapped off a shot to beat Dubnyk, who couldn’t get across the crease to get into position. Three minutes later, Ovechkin scored on the power play when a point shot bounced off the end boards right to Ovechkin in front of the net.

The tally provided some relief for the Capitals’ surprisingly ineffective power play. Washington had one power play in its previous six games, an empty-netter for the only goal in its previous 20 power-play chances. The Capitals were 1 of 5 on the power play on Thursday.

Coyle scored for the fifth time in eight games in the second, but second periods have doomed the Wild during their slump. Minnesota has been outscored 13-3 in the period in five straight losses.

Suter scored his sixth goal of the season on the power play in the third as Minnesota went 1 of 5 with the man advantage.

NOTES: Washington C Evgeny Kuznetsov left in the third period after he was hit in the face by the stick of Mikael Granlund off a faceoff. … Backstrom has 20 points in his last 17 games. … Minnesota D Jared Spurgeon missed his second straight game with an unspecified deep bruise. Spurgeon has returned to practice, but was held out again. … Holtby is 27-1-3 in his last 31 games with two shutouts, a 2.10 goals-against average and .927 save percentage.

Watch the Blackhawks’ Patrick Sharp tribute video

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Over the years, the Chicago Blackhawks have been forced to let some important players leave to keep their core together, which ultimately meant parting ways with Patrick Sharp.

The talented winger now wears a Dallas Stars jersey, so Blackhawks fans must face the reality of watching Sharp ply his trade for a formidable Central Division opponent.

Even if that might feel awkward, Blackhawks fans gave Sharp (and Johnny Oduya) a warm reception in Chicago on Thursday.

CSNChicago.com provides video of that ovation, which you can see in the clip above.

The Stars currently lead the Blackhawks 4-2, thanks in large part to Patrick … Eaves.

Ovechkin’s 14th career hat trick helps him make more history

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Death, taxes and Alex Ovechkin winning the Maurice Richard Trophy.

OK, the third thing on that list isn’t technically inevitable. It just feels that way lately in the NHL.

It’s unclear if the Washington Capitals can hold on against the Minnesota Wild, but we know for certain that Ovechkin already has a hat trick, the 14th of his high-scoring career.

(He also passed Jean Beliveau for 39th all-time in goals with his 509th, as NHL.com notes.)

This propels Ovechkin to the goals lead as of this writing, as he already has 34. As impressive as Patrick Kane has been, No. 8 is heating up, and may just edge No. 88 if Ovechkin can remain healthy.

One has to feel a little sympathy for the struggling Wild. They played well but lost against the Dallas Stars earlier this week and now must deal with Ovechkin and the just-as-hot Capitals.

Update: Minnesota managed three goals, but it wasn’t enough, as Washington got the edge 4-3.