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Old 09-03-2010, 05:35 PM   #151 (permalink)
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Could it finally be over?

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Sources tell TSN that the NHL and the NHL Players' Association have reached an agreement on an amendment to the rules that govern long term contracts.

The two sides are now working on getting the paperwork done in time for the 5pm et deadline both sides agreed upon to render a verdict on the Ilya Kovalchuk contract situation.

The agreement means that Kovalchuk's contract with the New Jersey Devils will also get approved as part of a new global settlement. His 15 year, $100 million will be approved once all of the agreements between the league and PA are signed. Deals like those signed by Kovalchuk, Roberto Luongo, Marian Hossa, and Marc Savard will be the last of their kind.
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Old 09-03-2010, 10:12 PM   #152 (permalink)
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I don't understand how they can basically change the rules along the way. They approved these other contracts, specifically Hossa's and allowed him to play on that contract, and now they're not going to let anyone else sign a contract like that? Rules are rules, except when those who write them don't like them.
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Old 09-04-2010, 03:13 AM   #153 (permalink)
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Kovalchuk is now an a official Devil. Kovalchuk's contract reportedly calls for him to make $90 million in the first 10 years and $10 million over the last 5. With a salary cap hit of $6.67 million. So this means he'll be 42 by the end of this deal.
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