Tuesday, July 20, 2010

Rumor: NHL Rejects Kovalchuk Contract

TSN is reporting:
The NHL has rejected Ilya Kovalchuk's 17-year, $102 million contract with the New Jersey Devils on the grounds that it circumvents the NHL's salary cap.
If this is true then it's completely unexpected. I'm by no means a Devils fan, but I have a serious problem with the league rejecting this trade but allowing the Islanders 15 year contract for DiPietro and the other major contracts that were clearly done to circumvent the cap - such as Hossa, Luongo, Franzen and Zetterberg. If this is rejected and the others passed the test then this seems VERY arbitrary.

Hard to believe that New Jersey would've held their big press conference today without some sort of confirmation by the NHL that the contract was going to be allowed.

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