Kovalchuk’s New Contract To Be Approved/Rejected

Posted: August 31, 2010 by Shutout in New Jersey Devils
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After the NHL rejected the New Jersey Devil’s first offer that was accepted by the Russian superstar, the Devils have thrown forth another offer that they hope will look more reasonable in the eyes of the league. The initial contract, which was to span over 17 years and pay over 102 million, was rejected by the league after suspicious of cap circumvention arose due to the lack of money that the forward would earn in his final years of the contract. The cap hit would have been around 6 million per year. Kovalchuk would have been 44 at the end of the contract.

The new deal that is being offered is a 15 year deal paying roughly 100 million with a cap hit of 6.66 million. If the league does approve this new offer, than the Devils would be over the cap and would most likely have to move one of their veteran forwards, like Rolston or Arnott, in order to make room for Kovalchuk. If the NHL rejects the offer, Kovalchuk’s agent has threatened that the Left Winger will leave for Russia and play in the KHL. Kovalchuk has already been offered 42 million over the course of 3 years to play in Russia. However, since the Devils have upped the total amount of money paid to Kovalchuk in the final 5 years of the contract offer from 2.75 million to 10 million, the offer should meet the standards of the league.

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