On Wednesday afternoon, the NHL's deadline to either accept or reject the New Jersey Devils latest attempt to sign star forward Ilya Kovalchuk was pushed back to Friday at 5 p.m. ET. The reason might lead to a historic series of events that could unfold in the next two days.
In a story first reported by Larry Brooks of the NY Post, the NHL has given the Players' Association an ultimatum that must be agreed upon before the league will accept Kovalchuk's re-worked 15-year, $100M contract. And Kovalchuk's contract isn't the only paper in question.
According to Brooks' sources with the NHLPA, the league has singled out the contracts of Kovalchuk, Vancouver goalie Roberto Luongo, and Chicago forward Marian Hossa as questionable and reviewable. However, the league will overlook their concerns on all three contracts if the NHLPA agrees to a number of changes to the collective bargaining agreement immediately.
The two conditions that must be amended in the CBA, according to Brooks, are:
That the cap hit on future multi-year contracts will not count any seasons that end with the player over 40 years of age. The cap hit would be calculate ...
Read Full Article at Bleacher Report - NHL
Article written by TAB BAMFORD
Ilya Kovalchuk Chaos: NHL Gives Players Association Ultimatum
September 2nd, 2010 by TAB BAMFORD Leave a reply »
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