Showing posts with label Ilya Kovalchuk. Show all posts
Showing posts with label Ilya Kovalchuk. Show all posts

Wednesday, July 21, 2010

NHL rejects Devils' deal with Kovalchuk

Yesterday, fans of the New Jersey Devils danced in happiness as the Devils signed the most sought-after free agent on the market, Ilya Kovalchuk to a 17-year $102 million contract.

Today however, they shake their heads in disbelief.

The National Hockey League, led by Commissioner Gary Bettman, rejected Kovalchuk's deal with the Devils due to the fact that the contract circumvents (evades, bypasses) the NHL's salary cap. The deal, which was set to be the largest in the history of the NHL, for now, has been put on hold.

ESPN has the details:

"The contract was rejected because years of low salary at the end of the contract were added for the sole purpose of lowering the cap hit, a person familiar with the issues raised told The Associated Press. The person added that no side believes Kovalchuk will play the final years of the deal at those terms. The star forward was slated to earn only $550,000 in each of the last five seasons of the contract that was to run through the 2026-27 season, when Kovalchuk would be 44.

Kovalchuk was to earn $6 million each of the next two seasons, $11.5 million for the following five seasons, $10.5 million in the 2017-18 season, $8.5 million for the 2018-19 season, $6.5 million in 2019-20, $3.5 million in 2020-21, $750,000 the following season, and $550,000 for the final five years of the unprecedented deal."

The National Hockey League Players' Association has five days from Wednesday to grieve the rejection of the contract. If a grievance is filed against the NHL, an arbitrator, who will have to be agreed upon by the league and the NHL players' union, will have two days to determine if the rejection of Kovalchuk's deal was valid or not. If the deal is voided, Kovalchuk will still be an unrestricted free agent and can be signed by any team.

It certainly isn't the first disagreement the NHL has had over long term contracts, including reviews of:

- The Philadelphia Flyers' seven-year, $34.45-millon deal with Chris Pronger
- The Vancouver Canucks' 12-year, $64-million deal with Roberto Luongo
- The Chicago Blackhawks' 12-year, $62.8-million contract with Marian Hossa

This is going to be an interesting case. Hopefully the league can sort this whole thing out and Kovy can return to the Devils and earn the money he deserves since he is one of the NHL's best players. Could the Los Angeles Kings jump back in? Could the KHL still be interested? Discuss it in the comments.

Monday, July 19, 2010

Ilya Kovalchuk returning to Devils

After a long summer of twists and turns in the Ilya Kovalchuk sweepstakes, the New Jersey Devils emerged the winner.

Kovalchuk was the most sought after free agent on the market, and was pursued by the Los Angeles Kings, New York Islanders, Devils and SKA St. Petersburg of the KHL.

Kovalchuk, 27, played with the Devils last season after being acquired in a trade with the Atlanta Thrashers. Last season, Kovalchuk scored 41 goals and 44 assists in games for the Thrashers and Devils.

"Ilya is excited to be continuing his career with New Jersey and knows first-hand the team's dedication and commitment to winning." said Jay Grossman, president of PuckAgency, which represents Kovalchuk.

The numbers and years haven't been released yet and are estimated to be announced during a press conference tomorrow.

Wednesday, July 7, 2010

Bunchastuff: Rafael Soriano, Kevin Durant, D'brickashaw, Ilya Kovalchuk and more

Today's been a pretty quiet day outside of the Bosh-Wade team-up, which is going to be the story of the day until we find out who will be playing in the World Cup Final or unless a Cliff Lee trade goes down today. Nonetheless, here's the other news of the day....

BASEBALL - Due to a nagging left side and ailing right knee, Yankees' closer and future hall of famer Mariano Rivera, will sit out the All-Star Game in order to rest himself for the second half of the season. It was announced today that the Tampa Bay Rays' closer, RHP Rafael Soriano will replace Rivera on the roster. For Soriano, it's his first All-Star selection, as he is 2-0 with a 1.65 ERA and 23 saves in 24 save opportunities this season. Soriano will join teammates 3B Evan Longoria, RHP David Price, and OF Carl Crawford as the four Rays' representatives.

BASKETBALL - Amidst today's big news about Chris Bosh and Dwayne Wade, Kevin Durant's signing made headlines. Durant, 21, however, isn't a free agent and isn't looking to leave Oklahoma anytime soon. The face of the Oklahoma City Thunder signed an extension for $86 million over five-years, that will keep the star SF in Oklahoma through the 2015-16 season. Durant's new contract will kick in after the 2011-12 season, after his old contract expires. The 6-9 Durant, the second overall pick in the 2007 draft by the then Seattle Supersonics (who are now the Oklahoma City Thunder), has established himself as one of the greatest players in the NBA, scoring an average of 30.1 points per game this season, a stat that is bound to increase as he matures.

"Kevin wanted to make this commitment to the Thunder because he and his family are very appreciative of the commitment that the Thunder have made to him," Goodwin said of the five-year arrangement.

"The Thunder showed the Durant family from the very beginning, at 11:01 [Central time] the first night, that they were committed to keeping him," Goodwin said, referring to the start of the free-agency period. "There were just a few legal things to work out. Kevin made it clear that he wanted to be in Oklahoma."

On his Twitter page Wednesday, Durant said that "God Is Great, me and my family came a long way."

FOOTBALL -
The New York Jets re-signed offensive tackle D'brickashaw Ferguson to a eight-year $73.6 million contract. He will be signed through 2017 and is the highest paid offensive linemen. At the moment, the Jets are also trying to re-sign CB Darelle Revis, C Nick Mangold and LB David Harris.

HOCKEY -
The Edmonton Oilers signed #1 overall pick LW Taylor Hall to a three-year contract worth $2.7 million, along with some bonuses that will max the contract to $3.75 million. "Now, it's time to work," Hall said. "All the excitement is over. I'm excited to get started tomorrow. I know this signing is only the first step. I've got a lot of work to do in that camp." When the four-day development camp opens, Hall will be lacing his skates alongside 2009 first-rounder Magnus Paajarvi-Svensson, taken 10th overall, and 2008 first-rounder Jordan Eberle, selected 22nd. (ESPN)

- Not sure how I missed this but former Montreal Canadiens' goalie Jaroslav Halak has signed a four-year deal worth $15 million with the St. Louis Blues. Halak, 25, was traded from Montreal to St. Louis for top prospect-center Lars Eller and RW/LW Ian Shultz last month. Halak, while not only having an outstanding regular season for the Canadiens, was critical last year in the playoffs for a Montreal team that upset the Washington Capitals in the first round and the Pittsburgh Penguins in the second round before being eliminated by the champion-to-be, Chicago Blackhawks.

More details from ESPN:
Halak, 25, will earn $2.75 million next season; $3.5 million in 2011-12; $4.25 million in 2012-13; and $4.5 million in 2013-14. "Jaroslav will be a big help for our organization moving forward," Blues general manager Doug Armstrong said. "He has made a great commitment to the Blues as he enters the prime of his career."

Halak was 26-13-5 last season, and was fourth in the NHL in save percentage (.940); ninth in goals-against average (2.40); and tied for fifth with five shutouts.

"I've been looking forward to playing in St. Louis ever since the trade was announced," Halak said. "I believe in my abilities and hope to do some good things for the Blues."

- The Ilya Kovalchuk sweepstakes ramble on, as now the Los Angeles Kings have now re-entered the mix to sign the star winger. Last Sunday, the Kings pulled themselves out of the running after Kovalchuk rejected their contract offer. After the Kings pulled out, the New Jersey Devils, Kovalchuk's former team, were deemed the favorite to sign him. Monday, the New York Post reported the Devils were on the verge of signing Kovalchuk to a six-year, $60 million deal, which has not come to fruition. (ESPN)

WORLD CUP SOCCER - The results are in, as Spain defeated Germany 1-0 to seal their World Cup Final ticket. On Sunday, the Spaniards will play the Netherlands for the World Cup Championship.