Not Over Yet: NHL Fines Devils, Takes Away Draft Picks For Cap Circumvention

Karl ParkinsonContributor IISeptember 13, 2010

NEWARK, NJ - JULY 20:  Team owner Jeff Vanderbeek of the New Jersey Devils speaks with the media during a press conference regarding Ilya Kovalchuk's contract renewal at the Prudential Center on July 20, 2010 in Newark, New Jersey.  (Photo by Bruce Bennett/Getty Images)
Bruce Bennett/Getty Images

TSN is reporting that the NHL is punishing the Devils for cap circumvention in their original attempt to sign Ilya Kovalchuck.

The league fined the Devils $3 million and the Devils will lose their third-round pick in the 2011 draft and a first-found choice in any one of the upcoming four drafts.

More details are sure to become available in the near future.

TSN article: http://www.tsn.ca/nhl/story/?id=333690