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

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
Karl ParkinsonContributor IISeptember 13, 2010

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:

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