TSN, The Record and Newark Star-Ledger all are reporting that the NHL has rejected Ilya Kovalchuk's 17-year, $102 million contract with the New Jersey Devils for salary cap circumvention.
The contract pays Kovalchuk $98.5 million over the first 11 years of the deal and then pays him just a total of $3.5 million over the last 6 years, including $750,000 in the 12th season and $550,000 in each of the last five seasons.
According to the Star-Ledger, the Devils can attempt to rework the contract and refile it with the league. There's also the possibility the NHLPA could file a grievance.
The contract pays Kovalchuk $98.5 million over the first 11 years of the deal and then pays him just a total of $3.5 million over the last 6 years, including $750,000 in the 12th season and $550,000 in each of the last five seasons.
According to the Star-Ledger, the Devils can attempt to rework the contract and refile it with the league. There's also the possibility the NHLPA could file a grievance.
Mark Stepneski
ESPNDallas.comMark Stepneski joined ESPNDallas.com in July 2010. A former news/special projects producer for KXAS-TV, he has run the Andrew's Dallas Stars Page website since 1997.
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Mark Stepneski
Mark Stepneski joined ESPNDallas.com in July 2010. A former news/special projects producer for KXAS-TV, he has run the Andrew's Dallas Stars Page website since 1997.
Richard Durrett
Richard Durrett joined ESPNDallas.com in September 2009. He writes about colleges, the Dallas Stars and the Texas Rangers. Richard spent nine years at The Dallas Morning News covering the Rangers, Stars, colleges, motorsports and high schools.
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