As the NHL continues to toil over Ilya Kovalchuk's massive $100-million, 15-year contract, Canucks goalie Roberto Luongo is now waiting to see if his contract will be de-registered, the Montreal Gazette is reporting.
The deadline for the NHL to decide has been set for tomorrow, after being pushed back from Wednesday.
The NHL says that it will only register Kovalchuk's contract with the Devils if the NHLPA agrees to change some CBA rules, mainly closing a hole which allows teams to get around the salary cap with long-term, front-loaded deals.
Should the union not agree by tomorrow, Kovalchuk's deal will again be declined, as will Luongo's (which doesn't go in effect until the beginning of next season), and the league says they will formally investigate Marian Hossa's.
As the Gazette reports, there are two demands that the NHL wants met.
The first is to no longer use contract years after 40 when calculating the average cap hit on long-term deals.
The second is to increase the cap hit on the five years that the player is paid the most in a long-term contract.
If the two sides can agree, both deals will be grandfathered in. If ...
Read Full Article at Bleacher Report - NHL
Article written by Kyle W. Brown
Roberto Luongo Could Be Contract-Less by Tomorrow
September 2nd, 2010 by Kyle W. Brown Leave a reply »
Advertisement