NHLPA files grievance on behalf of Kovalchuk
Hockey Betting Lines
07/26/2010 -
Toronto, ON (Sportsbook Betting Lines) - Ilya Kovalchuk's free agency saga took another
turn on Monday when the NHL Players' Association filed a grievance on behalf
of the Russian superstar who had his 17-year, $102 million contract with New
Jersey rejected by the league.
"The NHLPA has filed a grievance disputing the NHL's rejection of the standard
player contract between the New Jersey Devils and Ilya Kovalchuk," the NHLPA
said in a statement. "Under the terms of the CBA, the NHLPA and Mr. Kovalchuk
are entitled to an expedited resolution of this matter. The NHLPA will have no
further comment until this matter has been resolved by an arbitrator."
The NHL rejected the record deal last week on grounds that it circumvented the
league's salary cap. The rejection was 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.
The next step in the process is to find an arbitrator to rule on the case.
Once selected, that individual will have 48 hours to decide on an outcome.
Kovalchuk will either have his contract with New Jersey upheld or he will once
again become an unrestricted free agent, allowing the 27-year-old left winger
to sign with any team, should the arbitrator side with the NHL.
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 registered 41 goals and 44 assists in 76 games split between Atlanta
and New Jersey last season.
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<< NHLPA files grievance against NHL over Kovalchuk
TORONTO (AP) -The National Hockey League Players' Association has filed a grievance over the league's rejection of the contract between Ilya Kovalchuk and the New Jersey Devils.The league rejected the landmark 17-year, $102 million contract last wee
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Bonds nearly hits HR 751, SF wins
4 and drove in
a pair of runs, and Barry Bonds nearly hit homer No. 751 as San Francisco beat
1, in the middle contest of three at AT&T Park.
6) allowed five hits and one run over 6 2/3 innings, fanning
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1 with three walks, an RBI double and scored twice. The double ...
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