From TSN – NHL Rejects Kovalchuk’s Contract

This from TSN – “The NHL has rejected Ilya Kovalchuk‘s 17-year, $102 million contract with the New Jersey Devils on the grounds that it circumvents the NHL’s salary cap.

Kovalchuk was slated to earn $95 million over the first 10 years of the deal and then just $7 million over the last seven seasons. That would translate to an annual cap hit of $6 million per year.

The 27-year-old rejected a $101 million, 12-year extension from the Atlanta Thrashers before being dealt to the Devils in February.

Kovalchuk had 41 goals and 44 assists.”

4 thoughts on “From TSN – NHL Rejects Kovalchuk’s Contract”

  1. There is going to be a shit-storm of controversy over this one. Get ready for a war between Bettman the owners and the NHLPA.
    Does the contract conform to the collective bargaining agreement?
    The devil is in the details, as they say.
    Expect lawyers to battle this one out vigorously in front of an arbitrator.

  2. Good for the NHL; this deal was making a joke of the salary cap. Consensus is that the next CBA will close this loop hole.

  3. It was a joke, Chris, and even Lamoriella wasn’t happy about it. The business part of hockey is its weak link.

Leave a Reply

Your email address will not be published. Required fields are marked *