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Devils deal Malakhov to Sharks to lower payroll

Updated: October 3, 2006, 4:06 PM ET
ESPN.com news services

The New Jersey Devils made a major move to get under the NHL salary cap Sunday by sending suspended defenseman Vladimir Malakhov and a conditional first-round draft pick to San Jose for defenseman Jim Fahey and the rights to left wing Alexander Korolyuk.

 Malakhov

The deal will save the Devils $3.6 million on their cap -- Malakhov's salary -- and it probably won't cost New Jersey much because Korolyuk will play in Russia again this season and Fahey might not make the roster.

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