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Kovalchuk contract shot down by arbitrator

  • 09-08-2010 09:49PM
    #1
    Rented Mule
    Registered Users, Registered Users 2 Posts: 5,154 ✭✭✭


    http://www.tsn.ca/nhl/story/?id=330008#YourCallTop
    An independent arbitrator has ruled in favour of the National Hockey League in the case of Ilya Kovalchuk.

    Richard Bloch, the arbitrator, ruled today that Kovalchuk's 17-year, $102 million contract with the New Jersey Devils should be voided, so the 27-year old sniper will once again be on the free agent market. Bloch denied the NHL Players' Association's grievance on Kovalchuk's behalf.

    The NHL rejected the record contract on July 21, on grounds that it circumvented the league's salary cap,and from there it went to the arbitrator. The rejection was likely due to the way the deal is structured. Kovalchuk was due to earn $6 million in each of the next two seasons, $11.5 million from 2012-17 and $10.5 million the following year. The salary was scheduled to fall off after that until he made $550,000 annually in the final five years of the deal. He would have been 44 years old when the contract concluded in 2027.


    This was the correct decision. This contract was drawn up to circumvent the CBA and the Salary Cap.

    Looks like Lou and Kovy's agent have to go back to the drawing board.


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