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Ilya Kovalchuk Deal Rejected By The NHL

LOS ANGELES, CA - JUNE 25:  Gary Bettman, Commissioner of the National Hockey League, speaks to start the 2010 NHL Entry Draft at Staples Center on June 25, 2010 in Los Angeles, California.  (Photo by Bruce Bennett/Getty Images)
Bruce Bennett/Getty Images
Mark RitterSenior Writer IJuly 20, 2010

In a move that can only be called shocking, numerous reports (including a report from TSN) are circulating online that suggest the NHL appears to be set on rejecting Ilya Kovalchuk’s 17-year, $102 million deal that he signed with the New Jersey Devils earlier this week on the grounds that it violates the NHL’s salary cap.

In simple terms, the NHL is rejecting the Kovalchuk deal on the basis that the deal itself makes a mockery of the NHL’s salary cap—a move the NHL should have done much earlier and more often.

I for one am happy that Gary Bettman and Company have stepped in and rejected the Kovalchuk deal. Signing any player to a 17-year deal is ridiculous, especially when we all darn well know that said player is likely to retire, never honoring the entire contract.

Details are sketchy at this point; check back later this evening where I will be updating the situation as information flows in.

Until next time,

Peace!

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