Perhaps emboldened by the arbitrator's decision to nullify the 17-year front-loaded contract the Devils had signed Ilya Kovalchuk to, the NHL has begin looking into four similar contracts.
Vancouver Canucks general manager Mike Gillis admitted that the NHL is looking into the 12-year contract of Roberto Luongo. The goaltender signed the $64 million deal last September.
Luongo's contract, while not as long as Kovalchuk's, is structured in a similar fashion. Luongo will average $7 million per year for the first nine years of the contract.
In the final three years, he will average in the $1.2 million range. The contract will take him until age 43.
Dwayne Roloson, 40, was the oldest goaltender to play in the NHL during the 2010 season.
Arbitrator Robert Bloch, who ruled against Kovalchuk and the Devils, mentioned four long-term contracts in his ruling.
In addition to Luongo, he cited the contracts of Marian Hossa (Chicago), Chris Pronger (Philadelphia), and Marc Savard (Boston).
The NHLPA, the players, and the teams involved may think they have gotten away with these contracts since they ...
Read Full Article at Bleacher Report - NHL
Article written by Trent Reinsmith
Ilya Kovalchuk Fallout: More NHL Contracts Are Under Review
August 10th, 2010 by Trent Reinsmith Leave a reply »
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