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NHL modifies Kovalchuk penalty

Updated: March 7, 2014, 1:39 PM ET
Associated Press

NEWARK, N.J. -- The NHL reduced its penalty against the New Jersey Devils on Thursday for signing Ilya Kovalchuk in 2010.

The Devils will keep the first-round draft pick they were scheduled to forfeit this year, and the league will reduce the $3 million fine assessed against the team for circumventing the NHL-NHLPA collective bargaining agreement

The Devils recently applied to the league for reconsideration and relief from a portion of the original penalty, citing primarily ...

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