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Devils fined $3 million by NHL, lose 2 draft picks

NHL.com @NHL

NEWARK, N.J. (AP) - The NHL has harshly penalized the New Jersey Devils for signing Ilya Kovalchuk to a contract that circumvented the league's salary cap.

Commissioner Gary Bettman has fined the Devils $3 million and taken away two draft picks, including a first rounder of the Devils' choice sometime in the next four years.

Devils president and chief executive Lou Lamoriello issued a statement late Monday, insisting the team had done nothing wrong in signing Kovalchuk, while saying he disagreed with Bettman's decision.

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