This contract extension is only for one year and Alex Steeves will be able to go up and down between the NHL and the AHL as it is a two-way deal. When he is in the NHL, he will be paid the league minimum salary of 775k.
At the age of 24, Alex Steeves is still young and can prove to be a solid depth player when called upon. In his 65 games with the Marlies last season, Steeves scored 27 goals and had 57 points. He only got called up for one game with the Leafs last season, and overall in his NHL career has seven games to his name, having recorded just one assist.