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NHL Rejects Kovalchuk Deal

July 21, 2010 By: Katchop Category: NFL

Not so fast, Ilya Kovalchuk. The NHL has rejected his deal and accused the New Jersey Devils of circumventing the salary cap.

Ilya Kovalchuk attempts to flee the Prudential Center after learning that his contract with the NJ Devils was rejected by the NHL (katchop)

Ilya Kovalchuk attempts to flee the Prudential Center after learning that his contract with the NJ Devils was rejected by the NHL (katchop)

From The LA Times

As first reported by Canada’s TSN.ca and later repeated by multiple news outlets, the deal brought down the wrath of a league that had done little but squirm when other teams structured lucrative, long-term contracts in that manner. The NHL had previously said it was investigating the Philadelphia Flyers‘ seven-year, $34.45-millon deal with Chris Pronger, the Vancouver Canucks‘ 12-year, $64-million deal with Roberto Luongo and the Chicago Blackhawks‘ 12-year, $62.8-million contract with Marian Hossa but has not publicized its findings.
In those cases, each player’s compensation tails off dramatically as the contract progresses. But none declined so markedly as Kovalchuk’s deal, leading the NHL to intercede.

Original Photos ESPN DC, Panoramio

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