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Kovalchuk Deal Rejected by NHL
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Author:  Rochester [ Wed Jul 21, 2010 9:54 am ]
Post subject:  Kovalchuk Deal Rejected by NHL

Now this is interesting. The NHL is saying we can't reasonably expect Kovalchuk to be be playing at 44, whereas I guess Hossa is a shoe in to play at 42....

I like that they are taking action, but boy oh boy, there's a lot of precedent out there that makes this pill a tough one to swallow for Lou and the NJD.

Thoughts?

Author:  Rochester [ Wed Jul 21, 2010 10:34 am ]
Post subject:  Re: Kovalchuk Deal Rejected by NHL

OOPS.

Plot thickens. I think Lou was against the contract. Ownership signed it. He's tight with Gary... I wonder if he influenced the decision........ against his bosses?

Author:  ZelieMike [ Wed Jul 21, 2010 1:26 pm ]
Post subject:  Re: Kovalchuk Deal Rejected by NHL

I imagine it depends on how the contract is loaded.

Strikes me as a way to stretch out cap hit, while maybe front loading the contract.

I don't know, maybe by year 17, the contract is paying Ilya about $1,000 /yr?

ZM

Author:  nad69dan [ Wed Jul 21, 2010 4:55 pm ]
Post subject:  Re: Kovalchuk Deal Rejected by NHL

ZelieMike wrote:
I imagine it depends on how the contract is loaded.

Strikes me as a way to stretch out cap hit, while maybe front loading the contract.

I don't know, maybe by year 17, the contract is paying Ilya about $1,000 /yr?

ZM


I thought I heard that by year 14 it was about $500,000 a season with a buyout in year 15...year 17, I thought, was $300,000 or $400,000

Author:  NSMaster56 [ Wed Jul 21, 2010 5:00 pm ]
Post subject:  Re: Kovalchuk Deal Rejected by NHL

I think one of the reasons why it was rejected was because it was almost exactly the same as the deal Atlanta offered Kovy:
12 years $101 Million as opposed to 17 years $102 million.

It was clearly signed to circumvent the cap and so apparently Bettman has decided to draw a line.

On the one hand I agree with the move because it's a BS deal, on the other I don't think it should be nixed because it is technically within the rules of the CBA.

Looking at the situation as it is right now:

I really just don't see why five years can't be knocked off the deal and signed again.

Author:  urbanexplorer [ Wed Jul 21, 2010 8:02 pm ]
Post subject:  Re: Kovalchuk Deal Rejected by NHL

I am definitely interested to see where this goes. As some have said, there is some precedent here with the Pronger and Hossa deals, but nothing this extreme. If the players union and Kovalchuk fight this, will the NHL have to prove that he definitely will not be playing at the age of 44? Insurance companies like the one I work at use actuarial analysis of historical data regarding average life spans to rate the premium for their life policies, so why can't the NHL use an actuarial analysis to argue that the majority of players retire before the age of 40 or so?

The players union may use examples like Chris Chelios or Gordie Howe as relevant here because they are probably the only other guys to play at/beyond that age. Either way, this is sure to set an example for the next CBA and any future contracts that attempt to stretch the limits of the salary cap rules.

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