The league on Thursday announced that the Devils would be allowed to keep a first-round draft pick it was scheduled to forfeit this year. It also reduced the $3 million fine assessed against the team for circumventing the NHL-NHLPA collective bargaining agreement.
The Devils recently applied to the league for reconsideration and relief from a portion of the original penalty, citing primarily changes in circumstances which, in the club's view, changed the appropriateness of the sanctions.
The NHL did not spell out what changed, but Kovalchuk retired after last season and returned to Russia to play there.
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