On Tuesday, the NHL rejected the 17-year, $102 million contract that was agreed between winger Ilya Kovalchuk and the New Jersey Devils. This is only one of the more ridiculous contracts handed out in the NHL in recent years.
Marian Hossa signed a 12-year deal, $59 million with the Chicago Blackhawks last off-season, a deal that was front-loaded with money, as many of the questionable contracts are.
Goalie Roberto Luongo signed a similar 12-year, $64 million deal with the Vancouver Canucks, signing him through age 43.
Forward Henrik Zetterberg signed a 12-year, $74 million deal with the Detroit Red Wings in 2009, a deal that is also very front-loaded.
This is the one that finally pushed the NHL over the edge, and for good reasons. 17 years is a ridiculous amount of time for a contract and it was time to put an end to the way the teams were getting around the salary cap.
What's Wrong With the Contract? Isn't It Within the Rules?
It is within the collective bargaining agreement, but the NHL has the right to examine every contract that is handed out and they decided that this one bent the rules ...
Read Full Article at Bleacher Report - NHL
Article written by Jason Brynsvold
NHL Gets It Right With Rejection of Ilya Kovalchuk’s 17-Year Contract
July 21st, 2010 by Jason Brynsvold Leave a reply »
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