Monday, July 19, 2010

Details of the 17 Year Kovalchuk Contract

According to Rich Chere of the Star-Ledger it is in fact a 17 year deal for Kovalchuk. Here is the yearly breakdown of the contract, which is front loaded to result in a $6M cap hit over the duration of the contract.

2010-11: $6 million
2011-12: $6 million
2012-13: $11.5 million
2013-14: $11.5 million
2014-15: $11.5 million
2015-16: $11.5 million
2016-17: $11.5 million
2017-18: $10.5 million
2018-19: $8.5 million
2019-20: $6.5 million
2020-21: $3.5 Million
2021-22: $750,000
2022-23: $550,000
2023-24: $550,000
2024-25: $550,000
2025-26: $550,000
2026-27: $550,000

Something tells me that Kovalchuk won't be in the NHL after the 2020-21 season. 

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