Grubi and Schmidty Sticking Around

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Posted June 22, 2015

Grubi. (Caps Outsider)

Last week was an exciting week for two 23-year-old hockey players.  Caps defenseman Nate Schmidt and goaltender Philipp Grubauer re-signed with the Washington Capitals to two-year, one-way contracts.

Schmidt quickly became a fan favorite with his boyish grin and tough defensive style.  Schmidt played 39 games with the Caps last season.  He also played 19 games with the Hershey Bears (AHL).  Schmidt will earn $750,000 for the first year and $875,000 for the second.

Grubauer will be moving to the NHL full time next season, likely to back up with Braden Holtby, but Holtby has not re-signed yet and is expected to command a big time salary due to his banner performance last season (stay tuned and cross your fingers!). We’re not sure what will happen with Justin Peters yet, but he’s still under contract. Grubauer awed Caps fans last season in the first round of the Stanley Cup playoffs when he was recalled from Hershey to replace an ailing Holtby.  He played a great game and the Caps beat the Islanders, 4-3. According to his contract, Grubi will earn $650,000 in his first season and $850,000 for the second season.

So, what does all this mean?  What is a two-year, one way contract?  Well, it’s good news for Schmidt and Grubauer.  A one way contract means that a player will get the same salary whether he plays in the AHL or the NHL.  So, if one of the players gets sent back to Hershey, he won’t lose money.  This is different from a two way contract where the player’s salary differs depending on the league in which they play.

No matter what and how they get paid, Caps fans are excited that these two fine, young athletes will be back for the 2015-2016 season.

Let’s Go Caps!