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 NHL hammers NJ Devils

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lettucehead

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PostSubject: NHL hammers NJ Devils   Tue Sep 14, 2010 10:40 am

Fined $3 mil plus they lose a 1st and a 3rd in upcoming drafts.
I know they have Kovalchuk for the rest of his career barring a trade
but is he worth all that?
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MrBigMike
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PostSubject: Re: NHL hammers NJ Devils   Tue Sep 14, 2010 5:05 pm

I read that in the paper today. Pretty stiff penalty. What exactly was the violation? I know there was some issues with his salary, but I am not sure what exactly caused the "violation".
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lettucehead

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PostSubject: Re: NHL hammers NJ Devils   Tue Sep 14, 2010 6:01 pm

The violation was circumventing the salary cap. He signed a deal for 17 years . I forget the amount but anyway
He would have gotten something like $10 mil per year for the first 12 years and $500k for the last 5 years
basically giving NJ a cap hit of like $6-$7 mil per year.( my numbers are probably off but you have an idea of how it was structured.) So the NHL doesn't approve the contract. They go to arbitraition, he rules in the NHL's favor.
NJ and Kovy agree to a new deal that was similiar by the way and the NHL approves that one.( The NHL and NHLPA have come up with some new rule about salary and guys who play into their 40's.) Then the NHL started to investigate guys who signed super long term deals because they were all put together to make less of a cap hit.(Hossa,Luongo,Pronger, and Savard to be specific.) Those investigations were dropped after this rule was put in place. Those guys had deals that were pretty obvious to getting less cap space. Kovy's deal was downright blatant.
I guess he could use Gordie Howe and Chris Chelios as examples but That is only 2 guys who played that long.
Sorry for the ramble.
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PostSubject: Re: NHL hammers NJ Devils   Tue Sep 14, 2010 9:26 pm

Well, it answers my question. Thanks.
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