Remember when I pondered aloud whether the New Jersey Devils signing Ilya Kovalchuk to a 17 year deal was the norm in the NHL? And more importantly how I felt it was truly madness to sign someone to a contract of such an absurd length?
Well, it turns out that the NHL agrees with me. Kind of.
TSN has details on why the NHL aint down with the Kovalchuk signing his life away to the Devils. All of which, in my mind boil down to that the was just unadulterated madness.
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.
The announcement was made just hours after a smiling Kovalchuk had been introduced by the Devils at a press conference.
TSN Insider Darren Dreger explains that the deal was rejected due to the fact that the NHL does not believe that either Kovalchuk nor the Devils expected the 2004 Rocket Richard trophy winner would be playing near end of the contract and that it is a case of artificially lowering the annual average value of the contract. The Devils must now either file the contract once again or the Players’ Association can file a grievance.
So there you have it. The most comprehensive NHL coverage I have done in my life. I think it’s time to retire.
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