When a player is asking for a large portion of the cap space, it's not hard to see why owners and general managers want to work the cap hit in a favorable way.
While there are players out there taking long term deals and making them top heavy, there is a line that shouldn't be crossed. Ilya Kovalchuk's deal with the New Jersey Devils was such the case.
It wasn't so much the amount of money that was involved per say. It was the combination of the contract's total and the term it carried. The deal was for $102 million over 17 years.
17 years is a long time and would end the contract at the NHL senior citizen age of 44 for the superstar.
This prompted the league to deem the contract null and void citing circumventions of the CBA.
On nhl.com , the Deputy Commissioner Bill Daly issued the following statement:
"The contract has been rejected by the League as a circumvention of the Collective Bargaining Agreement. Under the CBA, the contract rejection triggers a number of possible next steps that may be elected by any or each of the NHLPA, the Player and/or the Club. In the interim, the player is not enti ...
Read Full Article at Bleacher Report - NHL
Article written by Cory Ducey
The CBA: Big, Lengthy NHL Contracts…When Is Enough Really Enough?
July 22nd, 2010 by Cory Ducey Leave a reply »
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