Ilya Kovalchuk stays in New Jersey, spurns the L.A. Kings

[missionhockey21]

Penguins need to do this with Crosby

God yes.

[HollywoodLeo]

Penguins need to do this with Crosby

God yes.

Why? So the league can reject it?

[realmofotalk]

Over the next year, the Kings will have to sign Drew Doughty, Jack Johnson and Wayne Simmonds to new deals and an exorbitant amount of money and/or term on the books would have affected their ability to do that.

I can understand Doughty and maybe Simmonds, but Jack Johnson? Come on now.

[DirtyKash]

So an arbitrator rejected the appeal for Ilya Kovalchuk's deal. He's now a free agent again. What's to stop him from signing a new deal with New Jersey for... 16 years? How about 15 if they reject that one? 14? etc.

[Foster]

Now the NHL is looking at all these contracts. Hossa, Luongo, Detroit's, all of them.
When did Gary grow a pair?

[realmofotalk]

The new proposed contract is now 15 years, $100 million. His yearly salaries don't dip below the $1 million mark and there's an increase toward the end of the contract, but otherwise it's structured in the same bullshit way.

2010-11: $6 million
2011-12: $6 million
2012-13: $11 million
2013-14: $11.3 million
2014-15: $11.3 million
2015-16: $11.6 million
2016-17: $11.8 million
2017-18: $10 million
2018-19: $7 million
2019-20: $4 million
2020-21: $1 million
2021-22: $1 million
2022-23: $1 million
2023-24: $3 million
2024-25: $4 million

[Slyder]

The new proposed contract is now 15 years, $100 million. His yearly salaries don't dip below the $1 million mark and there's an increase toward the end of the contract, but otherwise it's structured in the same bullshit way.

2010-11: $6 million
2011-12: $6 million
2012-13: $11 million
2013-14: $11.3 million
2014-15: $11.3 million
2015-16: $11.6 million
2016-17: $11.8 million
2017-18: $10 million
2018-19: $7 million
2019-20: $4 million
2020-21: $1 million
2021-22: $1 million
2022-23: $1 million
2023-24: $3 million
2024-25: $4 million

How old will he be by 2021? It seems contracts like this pay well for the "prime years" and recognize at some point he wont be worth that big of a payday.

[realmofotalk]

He'll be 38 by 2021, so you're right that the salaries should fall in line with his production as he ages. But given the presence of a salary cap, it's still bullshit a team can structure a contract such that they would be getting a $11 million player for the price of a $6.67 million cap hit in his prime years.

[DirtyKash]

So the NHL accepts a 15-year deal but not a 17-year one. I guess that's where the limit is.

[Foster]

And changes the rules for everyone in doing so.

[Halladay_is_God]

yeah the rules got changed from today on

the old contracts are not affected though

[realmofotalk]

So the Devils got fined $3 million and were stripped of a future first round pick. I think missionhockey21 would agree it couldn't happen to a nicer franchise.

[Halladay_is_God]

old Lou tried to get another of his loopholes in, it looks good on him

[realmofotalk]

Video: Ilya Kovalchuk's epic shootout fail for Devils vs. Sabres - Puck Daddy - NHL - Yahoo! Sports

[NYgiantsfan5689]

Epicly hilarious