Downey to sign two-way deal
Forward Aaron Downey will be back in the Red Wings organization this season, agreeing to terms on a two-way contract that will pay him $575,000 when he's with the Red Wings and $100,000 when he's with Grand Rapids.
Vice president and assistant general manager Jim Nill confirmed today that the two sides have agreed to terms. The contract has to be formally signed after which the deal will be announced.
Nill said that the same two-way contract has been offered to Darren McCarty.
"The two-way (contracts) are not a reflection on the players," said Nill. "It's because of the CBA. We need the flexibility."
By signing free agent forward Marian Hossa to a $7.4 million contract, the Red Wings are approximately $478,000 under the league salary cap of $57.6 million. With that money, the Wings still have to sign defenseman Chris Chelios, who has been in communication with vice president/general manager Ken Holland from his home in California.
Downey and McCarty (if he agrees to terms) will fight for the last forward spot on the roster with Darren Helm during the preseason. Helm's cap hit is $598,000.