SHARE
Stanley Cup Final

NHL rejects Kovalchuk's 17-year deal with Devils

Tuesday, 07.20.2010 / 10:31 PM / News

Associated Press

NEWARK, N.J. (AP) -A person familiar with the issues raised says the NHL is rejecting Ilya Kovalchuk's 17-year, $102 million contract with the New Jersey Devils because it circumvents the league's salary cap.

Speaking on condition of anonymity because the NHL has not announced the decision to void the deal, the person tells The Associated Press on Tuesday night that Kovalchuk's contract is illegal because the years of low salary at the end of the contract were added for the sole purpose of lowering the cap hit.

The person added that no side believes Kovalchuk will play the final years of the deal at the low salary numbers that were agreed to in the deal. The star forward was slated to earn only $550,000 in each of the last five seasons of the contract.

Quote of the Day

We have no doubt how he can play. You don't, with four teams that are left, you're not getting here without good goaltending. All great goalies left, and [Bishop] is a top-tier goaltender in this league and he's shown it.

— Lightning coach Jon Cooper on goalie Ben Bishop, who shut out the Rangers in Game 5