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Kovalchuk Deal approved


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#21 Chairman Maouth

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Posted 03 September 2010 - 08:08 PM

Devils in the details: Ilya Kovalchuk deal OK'd, Roberto Luongo pact approved as NHL, players’ union change contract rules

Read more: http://www.vancouver...l#ixzz0yWDPoB8L
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#22 Barrie

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Posted 03 September 2010 - 08:45 PM

Kyper saying players will no longer be able to use ages 41 and over to circumvent cap.

I'm always on the side of the players in CBA's, but I think this is fair.

However I think the wording in this statement should say, Kyper saying owners and general managers will no longer be able to use ages 41 and over to circumvent cap.

It wasn't the players who are doing this, it's the owners and general managers. But the NHL, Bettman, and Daly, are gutless and blame the players.

Edited by Barrie, 03 September 2010 - 08:46 PM.

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#23 CaliWingsNut

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Posted 03 September 2010 - 09:12 PM

I'm always on the side of the players in CBA's, but I think this is fair.

However I think the wording in this statement should say, Kyper saying owners and general managers will no longer be able to use ages 41 and over to circumvent cap.

It wasn't the players who are doing this, it's the owners and general managers. But the NHL, Bettman, and Daly, are gutless and blame the players.



Yes it works in the general manager's and owner's favor, but the players circumventing the cap are the ones getting larger salaries. Don't just blame the management.

Figures don't lie, but liars sure figure. - Mark Twain


#24 dragonballgtz

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Posted 04 September 2010 - 12:11 AM

didn't fedorov get like $12 million just in bonuses from the wings in '02?

No that was in 98...after bonuses and what not it was $24M for 43 games including playoffs. His yearly was $2M

#25 brett

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Posted 04 September 2010 - 12:18 AM

how was it approved? the deadline was moved to 1AM

#26 RusDRW

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Posted 04 September 2010 - 05:48 AM

I don't get it. They set the law in 2005 and then change it "one-thy-fly" in 2010... Why not to change it once again? Too bad Blackhawks din't know how it works before they traded Versteeg, Ladd, and that guys with strange surname beginning with "B".
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#27 egroen

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Posted 04 September 2010 - 08:07 AM

I don't get it. They set the law in 2005 and then change it "one-thy-fly" in 2010... Why not to change it once again? Too bad Blackhawks din't know how it works before they traded Versteeg, Ladd, and that guys with strange surname beginning with "B".

They did not change anything. There is a clause in the CBA which allows the league to vetoe any contract that can be shown to be salary cap circumvention. Pretty open-ended, but there to address whatever loop holes they failed to iron out originally. They have simply exercised that clause.
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#28 cusimano_brothers

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Posted 04 September 2010 - 09:33 AM

From Toronto Star :

Outlaw owners get their way in Kovalchuk deal


At the end of this contract, Lou Lamoriello will be 82 years old.

"Mess up tomorrow, don't mess up now".

- Harry James Benson, CBE.


#29 CaliWingsNut

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Posted 04 September 2010 - 10:45 AM

how was it approved? the deadline was moved to 1AM



Well.. it's completely and totally approved now (as of 4am est).

The delays were over legal issues. Kovalchuk (and others) had previously publicly announced that the deal itself was finished.

Figures don't lie, but liars sure figure. - Mark Twain


#30 haroldsnepsts

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Posted 04 September 2010 - 11:10 AM

so they knocked two years off it?

It's still cap circumvention. I guess now it's just more in line with the existing contracts that circumvent the cap.

#31 CaliWingsNut

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Posted 04 September 2010 - 11:19 AM

so they knocked two years off it?

It's still cap circumvention. I guess now it's just more in line with the existing contracts that circumvent the cap.


yes... it was grandfathered in, with new rules restricting any future deals.

Figures don't lie, but liars sure figure. - Mark Twain


#32 Hockeytown0001

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Posted 04 September 2010 - 12:07 PM

From Toronto Star :



At the end of this contract, Lou Lamoriello will be 82 years old.


He could pass for that now.

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#33 cusimano_brothers

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Posted 04 September 2010 - 03:31 PM

Posted ImagePosted ImagePosted Image

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#34 Motown4013

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Posted 04 September 2010 - 04:10 PM

This contact pretty much sums up what is wrong with hockey and the Cap.
I call bulls***
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#35 Crymson

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Posted 04 September 2010 - 07:37 PM

100 million dollars... the sum is mind boggling... it boggles the mind...


Ovechkin's contract is worth $124m.

#36 edicius

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Posted 04 September 2010 - 09:22 PM

Well, at least we know for certain that Kovalchuk won't be winning a Cup any time soon. He might have actually had a shot somewhere like Los Angeles.

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#37 cusimano_brothers

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Posted 05 September 2010 - 07:54 AM

From TSN :

Ilya Kovalchuk will finally join the New Jersey Devils after his re-submitted contract was officially approved by the NHL just before 3 a.m. (et) Saturday morning.

The re-worked contract now calls for Kovalchuk to collect a reported $100 million over 15 years, with an annual cap hit of close to $6.66 million. The deal is thought to pay out $90 million in the first 10 years and $10 million over the last five.
...

...
“We have been advised today that the NHL has approved the contract between Ilya Kovalchuk and the New Jersey Devils. We are very pleased with this decision which will see Ilya Kovalchuk remain a valuable member of the Devils," said Devils president and general manager Lou Lamoriello in a statement.

“The New Jersey Devils acted in good faith throughout this entire process and operated solely on the assumption that our negotiations and both contracts reached were fully
compliant with the CBA, as written and applied. Arbitrator Bloch reached that same conclusion in his August 9 decision. We are pleased that this matter has finally been
concluded to all parties' satisfaction.”
...


"Mess up tomorrow, don't mess up now".

- Harry James Benson, CBE.


#38 CaliWingsNut

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Posted 05 September 2010 - 04:00 PM

Interview w/ Kovalchuk


Yahoo has a interview with Kovy posted. It has a few interesting things in it. He defend's the NHLPA's defense. States he doesn't believe it's effected his pre-season (even though he started training a week late compared to usual). Most notable to me was his confirmation of Brian Burke testifying against contracts of this type (aww... poor Burke missed the train).

Edited by CaliWingsNut, 05 September 2010 - 04:00 PM.

Figures don't lie, but liars sure figure. - Mark Twain


#39 CaliWingsNut

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Posted 05 September 2010 - 04:35 PM

SI.com Fortunate 50


This contract makes him... ohh...umm... not ranked.

Figures don't lie, but liars sure figure. - Mark Twain


#40 Pskov Wings Fan

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Posted 05 September 2010 - 08:36 PM

I don't get it. They set the law in 2005 and then change it "one-thy-fly" in 2010... Why not to change it once again? Too bad Blackhawks din't know how it works before they traded Versteeg, Ladd, and that guys with strange surname beginning with "B".


Any law can be changed with application of sufficient number of lawyers.





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