Ilya Kovalchuk: Decision On Contract Delayed Until Friday

September 1st, 2010 by Mark Ritter Leave a reply »
Dan Rosen of NHL.com is reporting that the Ilya Kovalchuk saga now has a deadline of 5 p.m. ET Friday, at which point the NHL will either accept or reject what is believed to be a 15-year, $100 million contract between Kovalchuk and the New Jersey Devils.

The NHL made all kinds of headlines when it challenged the Devils original contract offer to Kovalchuk which would have paid the talented Russian sniper a total of $102 million over 17 years.

The NHL made its case on the suspicion that the original contract was guilty of a “circumvention” of the Collective Bargaining Agreement, which an independent arbitrator later agreed with.

If the latest contract is rejected, its back to the drawing board for the Devils, who have been working closely with the NHLPA and NHL in order to facilitate a deal that would be deemed acceptable by the NHL.

It is widely felt that the latest deal will not meet the NHL’s approval, which could cause Kovalchuk to consider other options, including the KHL.

If the deal is approved, the Devils would be well over the salary cap and would likely have to shed some salary in or to facilita ...

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