The Ilya Kovalchuk
contract situation expected to reach a conclusion by 5 p.m. ET on Wednesday will instead continue until 5 p.m. ET Friday. The NHL and NHLPA mutually agreed to extend the deadline to accept or reject the latest contract Kovalchuk signed with the New Jersey Devils.
The contract, which reportedly calls for Kovalchuk to make $100 million over 15 years, was submitted to the NHL last Friday and the League originally had five days to review the contract before deciding if it was acceptable or not.
The National Hockey League and the National Hockey League Players' Association today announced it was mutually agreed to extend the deadline by which the League must reach a decision on the contract between the Devils and Kovalchuk until Friday, 5 p.m. ET.
Kovalchuk this summer has already had a 17-year, $102 million contract rejected by the NHL for circumvention of the Collective Bargaining Agreement. The League's decision was upheld by a system arbitrator.Author: Dan Rosen | NHL.com Staff WriterFollow Dan Rosen on Twitter at: @drosennhl