The NHL portion of his contract is worth $900,000. The AHL part of the deal is worth $75,000.
The Senators have handed out 8 two-way contracts this offseason. Michael Kostka, Casey Bailey, Max McCormick, Phil Varone, Craig Nehring, and Michael Blunden were signed to them the first day of free agency.
As free agency prolonged, Fredrik Claesson and Ryan Dzingel also eventually got two-way contracts from the Senators.
In terms of NHL money, Puempel has the most lucrative contract of any of these players who have been signed to two-way contracts with the Senators this offseason.