If you have not heard by now, the NHL has chosen to reject Ilya Kovalchuk’s new deal with the New Jersey Devils, on the grounds that the deal circumvents the league’s salary cap and the current CBA (Story). Kovy’s 17-year deal at about $102 million was the talk of the league, fans, and forum boards for the last couple of days. Was it fair? Should contracts like this be allowed? Does anyone really expect him to play through those 7 years at the end only making $7 million during that period?
Well the NHL comes out yesterday after the Devils have a press conference to announce the deal and give a slap to the cheek by saying no to the contract. And in my hockey opinion, I agree with the NHL. While there has been contracts like this before and many are arguing that the NHL can’t step in now after letting those happen, this contract tried to take it to a whole new level. There are 7 years tacked onto the end of the deal which are only there to lower the cap hit for the overall contract, and signing a guy to the age of 44-years old is a joke. Those 7 years at the end are longer then most contracts current in the league. Plus those years are sitting around the league minimum, which will probably go up once or twice before we even get to those years. Should the NHL have said something about a couple of contracts that have been signed before, I think so. But this contract tried to push it and twist the rules like no contract before it, and just looking at it I believe it does try to circumvent the CBA and cap. Leave your thoughts below, and I guess we will watch together and see how this works out.