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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.
<< Mora, Francis help Marlins rout Rockies
Miami, FL (Sportsbook Betting Lines) - Melvin Mora finished a triple shy of the cycle
and Jeff Francis tossed seven scoreless innings, as the Colorado Rockies
dominated the Florida Marlins, 10-0, in the second test of a four-game series
at Sun
<< NCAA probe on agent dealings extends to Alabama
Tuscaloosa, AL (Sportsbook Betting Lines) - The NCAA's investigation into possible
improper dealings with sports agents has reportedly reached the University of
Alabama.
A number of schools have had athletes' names surface in an increasi
<< Malisse advances, Tipsarevic upset in Atlanta
Atlanta, GA (Sportsbook Betting Lines) - Seventh-seeded Xavier Malisse was a straight-
set winner, while fifth-seeded Janko Tipsarevic was an upset victim in
Tuesday's first-round action at the Atlanta Tennis Championships.
The Belgian Mali
<< Phillies P Moyer leaves game
St. Louis, MO (Sportsbook Betting Lines) - Philadelphia Phillies pitcher Jamie Moyer
left Tuesday's game against St. Louis after one inning with a left elbow
strain.
Moyer allowed two hits in one scoreless inning, throwing 18 pitches. It
Timberwolves to introduce Ridnour Wednesday >>
Minneapolis, MN (Sportsbook Betting Lines) - The Minnesota Timberwolves will announce
the signing of free agent guard Luke Ridnour on Wednesday.
The team scheduled a press conference to introduce the former Milwaukee Buck,
who agreed to a four-yea
Hunter remains undefeated as Rangers rout Tigers >>
Detroit, MI (Sportsbook Betting Lines) - Tommy Hunter gave up three hits in seven
innings to stay undefeated on the year and Ian Kinsler drove in three runs in
an 8-0 Rangers win against the Tigers.
Kinsler had one of three Texas home runs
Angels' home run parade leads to rout of Yankees >>
Bronx, NY (Sportsbook Betting Lines) - Mike Napoli, Maicer Izturis and former Yankee
Hideki Matsui each hit a two-run homer to lead the Angels to a 10-2 win over
New York at Yankee Stadium.
Napoli finished with four RBI for the Angels, who capt
Cardinals cruise behind Carpenter to top flailing Phils >>
St. Louis, MO (Sportsbook Betting Lines) - Chris Carpenter allowed just one run in eight
strong innings, and the St. Louis Cardinals defeated the struggling
Philadelphia Phillies, 7-1, in the second of four games at Busch Stadium.
Carpenter
Chiefs' Treen Green out for Sunday's game
How long Trent Green will remain sidelined is unknown. Coach Herm Edwards said Monday he will miss a second straight start Sunday when the Chiefs host the San Francisco 49ers.
A two-time Pro Bowler, Green was going into a feet-first hook slide when he was knocked unconscious by a thunderous, head-snapping hit from Cincinnati's Robert Geathers.
Oddsmakers at online sportsbook MySportsbook.com currently have the Chiefs listed as 7-point favorites versus the 49ers.
The 49ers got beat by Philadelphia 38-24 as a 6.5-point underdog last week. The combined score went OVER the posted over/under total (42.5).
Alex Smith completed 27-of-46 passes for 293 yards with a touchdown. Michael Robinson rushed for 29 yards and a pair of touchdowns on five carries.
The Chiefs lost 9-6 to Denver last week as an 11-point underdog. The combined score was well UNDER the posted over/under total (38).
Larry Johnson rushed for 126 yards on 27 carries. Damon Huard completed 17-of-23 passes for 133 yards with no touchdowns and no interceptions.
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