League voids Kovalchuk's deal with Devils

Hockey Betting Lines

07/20/2010 - Toronto, ON (Sportsbook Betting Lines) - The NHL has rejected Ilya Kovalchuk's 17-year, $102 million contract with the New Jersey Devils on grounds that it circumvents the league's salary cap.

The report is according to TSN Canada.

The rejection is likely due to the way the deal is structured, which was previously reported by the Newark Star-Ledger. He 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 was set to conclude in 2027.

The way the current collective bargaining agreement is structured, a player who signs a deal before the age of 35 can eventually retire and have his contract come off a team's salary cap; however, teams must negotiate in a good faith effort to have the player remain in the league for the duration of the contract. It appears the Devils frontloaded the deal so Kovalchuk could have earned as much money as possible while providing the lowest possible cap hit for the team.

Similar investigations were also launched last offseason for Philadelphia's Chris Pronger and Chicago's Marian Hossa, but the league did not void either of those contracts. Pronger signed a seven-year extension worth $35 million, where he makes $525,000 in each of the final two seasons, while Hossa makes $1 million or less in each of the final four years of his 12-year, $62 million deal.

Kovalchuk was the hottest commodity on this year's free agent market, as he was pursued by the Devils, Kings, Islanders and a Russian club among others. He has turned down reported offers of $70 million over seven years and $100 million over 12 years from the Thrashers, who finally gave up on re-signing the sniper and sent him to New Jersey in a package that netted Atlanta defenseman Johnny Oduya, right wing Niclas Bergfors, forward Patrice Cormier and a first-round draft pick.

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March Madness odds and printable March Madness brackets

With the field of 64/65 set, MySportsbook.com has the Florida Gators as the 4-1 favorite to successfully defend their National Championship.  Men’s Division-1 College Basketball has not seen a team repeat as National Champions since Duke won back to back championships in ’91 & ‘92.  After losing three out of four late in the season, the Gators are full of momentum as they won their last four games by an average of 18 points.  Not surprisingly, right behind the Gators are the other three top seeds: Kansas 5-1, UNC 6-1, and Ohio State 7-1.  Many consider Kansas to be the hottest team in the country, having won 11 straight. With Kansas, it is hard to ignore all of the early exits from the “dance” in recent years.  With an impressive ACC Tournament, UNC ensured themselves the other top seed.  UNC has about as much talent as any other team in the tournament but with a team that’s best players are primarily freshman and sophomores, could youth be a concern.  Behind freshman sensation, Greg Oden, OSU will look to do what their football team failed to do just a few months earlier.  OSU seems to have peeked at the right time, as they currently have a 17 game winning streak.  Since the tournament field was expanded in 1985, there has never been an instance where all four #1 seeds advanced to the Final Four.  It is obvious that each of the top seeds have the talent to make it through to Atlanta.  But as everyone knows, when makes the NCAA Tournament so special are all of the spoilers and “Cinderella” stories that knock off the favorites on a daily basis.

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MySportsbook.com’s odds to win the Championship and Regions:

EAST National Championship Region
Arkansas 300-1 50-1
Belmont 1000-1
Boston College 100-1 40-1
Eastern KY 1000-1
George Washington 75-1
Georgetown 10-1 3-2
Marquette 100-1 40-1
Michigan State 100-1 25-1
New Mexico St. 500-1 200-1
UNC 6-1 6-5
Oral Roberts  500-1
Texas 15-1 5-1
Texas Tech 200-1 5-1
USC 75-1 20-1
Vanderbilt 100-1 30-1
Washington State 40-1 15-1
WEST
Duke 50-1 10-1
Florida A&M 1000-1
Gonzaga 200-1  40-1
Holy Cross 300-1
Illinois 300-1 60-1
Indiana 75-1 40-1
Kansas 5-1 13-10
Kentucky 100-1 40-1
Niagara 1000-1
Pittsburgh 40-1 8-1
Southern Ill. 50-1 12-1
UCLA 10-1 3-2
VCU 500-1 100-1
Villanova 100-1 40-1
VA Tech 50-1 15-1
Weber St 1000-1
Wright St 1000-1 300-1
MIDWEST
Arizona 50-1 30-1
Butler 40-1 30-1
Davidson 300-1
Florida 4-1 4-5
Georgia Tech 75-1 25-1
Jackson State 1000-1
Maryland 30-1 6-1
Miami-OH 300-1
Notre Dame 100-1 20-1
ODU 500-1 100-1
Oregon 40-1 6-1
Purdue 300-1 60-1
Texas A&M CC 1000-1
UNLV 100-1 30-1
Winthrop 500-1 100-1
Wisconsin 15-1 7-2
SOUTH
Albany 200-1
BYU 200-1 40-1
Central CT St. 1000-1
Creighton 100-1 35-1
Long Beach St. 500-1 200-1
Louisville 40-1 10-1
Memphis 30-1 4-1
Nevada 75-1 35-1
North Texas 500-1
Ohio State 7-1 6-5
Penn 500-1
Stanford 200-1 50-1
Tennessee 100-1 20-1
Texas A&M 12-1 11-5
Virginia 75-1 18-1
Xavier 100-1 40-1

Field                                              100-1

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