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Reference.org
Two-way contract
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<p>A two-way contract is a <a href="/facts/Professional_sports/Tstj65ML">professional sports</a> contract that stipulates that an athlete's <a href="/facts/Salary/W4rYGjhe">salary</a> is dependent upon the league in which the athlete is assigned to play. This is opposed to a one-way contract that would pay the same salary regardless of where the athlete is assigned to play. </p>