New York - Well there is good news and bad news over in the Land of the New Jersey Devils. The good news is that it seems as if Ilya Kovalchuk will be back and playing for the Devils in the 2010-11 season. The bad is that general manager Lou Lamoriello will have to make moves so that he can get under the $59.4 million salary cap before the start of regular season.
Which leads me to the question-was giving Kovalchuk this type of deal really worth it? With forward Patrik Elias making six million through 2013 and Brian Rolston owed 5,062 through 2010, along with Jamie Langenbrunner owed 2.8 million, who do the Devils move?
Langenbrunner, who is the current face of the franchise and the ca...
The National Hockey League has said not so fast to both the New Jersey Devils and Ilya Kovalchuk. The NHL has rejected Kovalchuk's 17-year contract worth $102 million on the grounds that it circumvents the league salary cap.
No further details have been released yet.
Yes, it actually happened this time - no jokes. Ilya Kovalchuk will remain a member of the New Jersey Devils, according to TSN.
While no official word is out on the contract number, a report from 2 weeks ago had us all assuming Kovalchuk would be making $8.57 million each year, for the next 7 years, with the Devils.
A press conference will be held tomorrow to officially announce the deal and all the details, but for now, hockey fans can breathe a collective sigh of relief, as the floodgates of unsigned forwards is about to open.
UPDATE 2:15PM Scott Burnside of ESPN is reporting that the deal will be worth $150 million over 17 years. If indeed true, it would keep Kovalchuk with...
According to TSN, Ilya Kovalchuk will remain a New Jersey Devil for the foreseeable future.
This summer's biggest and best unrestricted free agent is reportedly close to re-signing with the Devils. The contract will pay him $60 million over the next 7 years, an $8.57 average.
Alongside the additions of Henrik Tallinder and Anton Volchenkov on defense, not to mention the acquisition of Jason Arnott through trade, the Devils have addressed some glaring needs that led to their 4-1 series loss to the Philadelphia Flyers in the first round of the 2010 playoffs.
Kovalchuk was originally acquired from the Atlanta Thrahsers, along with Anssi Salmela, in exchange for Niclas Bergfors, Joh...
While the amount of teams renting has gone down over the last couple of years, some teams are still shelling out a ton of assets for a few months of service. As GM's assess damage suffered by other teams in recent history due to the excessive cost of rent, the amount of gambling at the NHL trade deadline has visibly diminished. But this season, Lou Lamoriello ventured back to a place where all those before him have failed. But he couldn't resist the temptation to add one of the game's most accurate snipers to his lineup, so he took the bait and gave up a large chunk of his savings to rent the player he so desired. And just like all those before him, he comes out of this battered and brui...