NHL: Why Gary Bettman Had to Blow Up the Ilya Kovalchuck Deal

July 22nd, 2010 by Tim King Leave a reply »

The NHL was up against the wall headed into the 2004-05 season. Only three or four teams made money the previous year. 


Some had lost more than $25 million. 


Projections were that nobody would make money two years hence. Seeing a desperate situation for what it was, the league took desperate action and chained the doors shut until the players agreed to a deal that returned fiscal sanity to the ice.


Fast forward to the summer of 2010, and we see that fiscal sanity remains in place, but suddenly cracks had begun to show through the façade.   


The Washington Capitals have Alex Ov ...

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