Around the NHL: Ilya Kovalchuk, What’s the Right Price?

July 22nd, 2010 by Kamal Panesar Leave a reply »

So, Lou Lamoriello is fallible after all!

In what is quickly becoming the Matt Sundin story of this offseason, super sniper Ilya Kovalchuk still remains unsigned.

Well, that is not exactly the case, since he did have a deal with the Devils which was quickly rejected by the NHL.

This has been discussed ad infinitum, but in case you've been hiding under a rock, Lou Lamariello—the Devils GM—signed Ilya Kovalchuk to a $102 million, 17-year contract.

The contract was done-in by the last five years of the deal, which saw Kovalchuk paid $500K per season taking him from age 39 to 44.

The combination of salary and age range of the last five years made it pretty clear to the league that neither side had any intention of Kovalchuk actually playing out the term of his deal. As such, the NHL deemed their move was circumventing the CBA and rejected the deal on that basis.

So what now?

Well, there are two well-talked about options: The Devils and Kovalchuk can file a grievance with the NHLPA to try an dispute the rejection, or they can try to rewrite the contract.

I spokw with with my coll ...

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