Big news came at an early hour this morning
Posted 9:24 PM ET | Comments 6
Big news came at an early hour this morning. Around 3ish, the NHL and NHLPA finalized the paperwork for the new CBA amendment...and also officially registered Ilya Kovalchuk's 15 year 100 million dollar deal with the New Jersey Devils.
The CBA amendments are as follows:
(Excerpt from the TSN article)
- There will be two different salary cap numbers for long-term contracts that extend beyond a player's 41st birthday. Until the player reaches age 40, the salary cap hit is the average yearly salary from the start of the contract until the player turns 40. From the player's 41st birthday and beyond, the salary cap hit will be the actual salary paid.
- For players signed to a long-term deal that that extends from ages 36-40 and averages more than $5.75 million for the three highest-compensated seasons, the minimum salary that will be counted toward the average for the salary cap hit is $1 million — even if the actual salary is less than that.
Also, as part of the deal, the league will end its investigations into similar long-term deals signed by Roberto Luongo, Marian Hossa, Chris Pronger and Marc Savard.
(LINK- http://www.sportingnews.c...-between-kovalchuk-devils)
As per the NHLPA/NHL CBA amendment agreement, the NHL will, as stated above, will end all investigations into contracts similar to the first 17 year 102 million dollar contract signed by Ilya Kovalchuk. I say the "first one signed", because the second one signed is structured much differently than the contracts listed in the paragraph above, and structured much better than those said contracts.
Also as part of the NHLPA/NHL CBA amendment agreement, while the NHL has until September 17th to penalize the Devils for salary cap circumvention from the first 17 year contract, which can range from a monetary fine to loss of draft picks, any potiental fines imposed on the Devils will NOT RESULT IN SALARY CAP REDUCTION. Meaning if the Devils are fined, they will simply lose money, and they will not have to worry about what their cap situation will look like if Bettman or Daly decides to spring a surprise fine on the Devils. The Devils organization will simply lose money if that happens... money which will most likely be gained back and then some in ticket, merch and jersey sales.
Note the "If". The Devils organization really did the league a favor in the long run by giving the league something to fight against when Kovalchuk signed the initial 17 year deal. What resulted from this crazy offseason? What resulted was clear guidelines on what would and would not be accepted in terms on contract details and letting the previously signed contracts be left alone and being the last of their kind. If nothing else, the NHL brass should be thanking Mr. Vanderbeek and Mr. Lamoriello for being able to make the amendment to the CBA. Had they not, they may have not had a chance until two years from now. Also, the GMs from other teams should be grateful as well. The Flyers, Blackhawks, Red Wings and so on, they get their star players and they will no longer have to worry about those contract investigations. So while it IS POSSIBLE the New Jersey Devils will be fined, it is highly unlikely. Not to mention Daly and Bettman's stance has been that they are not pursuing any "anti- New Jersey Devil agenda". If they wish to stay true to their word, either they will not penalize the Devils without penalizing the other teams. Since they most likely do not intend to penalize other teams, one can hope the Devils won't be either.
And again, even if they are, it will not further complicate things as far as cap space goes. No need to worry about that...although it'd be a slap in the face to the Devils organization for that to happen.
So what's next? With the official registering of Ilya Kovalchuk's 15 year, 100 million dollar deal, his cap hit is 6.67 million dollars, which puts the Devils approximately 3 million over the cap. In order to maintain a full roster... which current Devils will be the victims of clearing cap space?
Obviously, if it weren't for his no trade clause, the most likely candidate would've been Rolston. But since the contract started after he turned 35, it's still on the books no matter what unless he is traded. And for his salary, it's unlikely anyone would take him.
At the same time, no matter who goes, until they are traded to another team, they are still Devils. It will hurt to see whoever is chosen for a trade to go to another team...but all the same, it still has to be done.
All we have, as far as news, are rumors for now. We will most likely not hearing anything about trades other than rumors until Labor Day weekend is over. But rest assured, Lou is prepared and has most likely been prepared since July 1st. So for now I will say...
...In Lou We Trust. The man is a shrewd, shrewd man and a genius, and it's my opinion the CBA agreement result might have been the other thing he was after, apart from getting Kovalchuk's contract registered. So as loyal Devil fans, lets put our trust in Lou. If he didn't let us down here, he won't let us down when it comes to making the right decisions in clearing cap space.
On a different note, for me, it's just sinking in that Kovalchuk's contract has been registered with the league and that it's official. The New Jersey Devils NHL website now has a graphic of Kovalchuk that you have to click on to enter the site...as well as a graphic of Kovy celebreating a goal on the ticketmaster/ticket sales rep link. As well as several articles that talk about us Devil fans celebrating Kovy getting signed, Mr. Lamoriello's statement, and the initial article stating Kovalchuk's contract was FINALLY registered with the league. Today, I guess because this summer was as emotionally stressful as it can get for Devil fans, was overwelming for me as it truly sunk in; Ilya Kovalchuk is a loyal member of the New Jersey Devils. Words can't express how happy and relieved I am right now. And no amount of Flyer or Ranger trolling, insults, attitudes, or pranks can take that away. I honestly feel like we won the Stanley Cup.
I was only planning on getting a Volchenkov jersey next month...but now...I'm also planning on getting a Kovalchuk jersey in November. That's how happy I am that this crazy summer has finally ended. It'll hurt to see who will be shown the door as a victim of clearing cap space, but today, as well as this summer (as emotionally draining as it was) was a monumental day AND summer for New Jersey Devil fans.
With that, I say 'Peace out'. Enjoy and celebrate Devil fans. We're the winners of free agency this summer. And we've got every right to be celebrating and be happy. SO CELEBRATE! =D
Peace-
Mary
P.S.
GO DEVILS! ! ! !
The CBA amendments are as follows:
(Excerpt from the TSN article)
- There will be two different salary cap numbers for long-term contracts that extend beyond a player's 41st birthday. Until the player reaches age 40, the salary cap hit is the average yearly salary from the start of the contract until the player turns 40. From the player's 41st birthday and beyond, the salary cap hit will be the actual salary paid.
- For players signed to a long-term deal that that extends from ages 36-40 and averages more than $5.75 million for the three highest-compensated seasons, the minimum salary that will be counted toward the average for the salary cap hit is $1 million — even if the actual salary is less than that.
Also, as part of the deal, the league will end its investigations into similar long-term deals signed by Roberto Luongo, Marian Hossa, Chris Pronger and Marc Savard.
(LINK- http://www.sportingnews.c...-between-kovalchuk-devils)
As per the NHLPA/NHL CBA amendment agreement, the NHL will, as stated above, will end all investigations into contracts similar to the first 17 year 102 million dollar contract signed by Ilya Kovalchuk. I say the "first one signed", because the second one signed is structured much differently than the contracts listed in the paragraph above, and structured much better than those said contracts.
Also as part of the NHLPA/NHL CBA amendment agreement, while the NHL has until September 17th to penalize the Devils for salary cap circumvention from the first 17 year contract, which can range from a monetary fine to loss of draft picks, any potiental fines imposed on the Devils will NOT RESULT IN SALARY CAP REDUCTION. Meaning if the Devils are fined, they will simply lose money, and they will not have to worry about what their cap situation will look like if Bettman or Daly decides to spring a surprise fine on the Devils. The Devils organization will simply lose money if that happens... money which will most likely be gained back and then some in ticket, merch and jersey sales.
Note the "If". The Devils organization really did the league a favor in the long run by giving the league something to fight against when Kovalchuk signed the initial 17 year deal. What resulted from this crazy offseason? What resulted was clear guidelines on what would and would not be accepted in terms on contract details and letting the previously signed contracts be left alone and being the last of their kind. If nothing else, the NHL brass should be thanking Mr. Vanderbeek and Mr. Lamoriello for being able to make the amendment to the CBA. Had they not, they may have not had a chance until two years from now. Also, the GMs from other teams should be grateful as well. The Flyers, Blackhawks, Red Wings and so on, they get their star players and they will no longer have to worry about those contract investigations. So while it IS POSSIBLE the New Jersey Devils will be fined, it is highly unlikely. Not to mention Daly and Bettman's stance has been that they are not pursuing any "anti- New Jersey Devil agenda". If they wish to stay true to their word, either they will not penalize the Devils without penalizing the other teams. Since they most likely do not intend to penalize other teams, one can hope the Devils won't be either.
And again, even if they are, it will not further complicate things as far as cap space goes. No need to worry about that...although it'd be a slap in the face to the Devils organization for that to happen.
So what's next? With the official registering of Ilya Kovalchuk's 15 year, 100 million dollar deal, his cap hit is 6.67 million dollars, which puts the Devils approximately 3 million over the cap. In order to maintain a full roster... which current Devils will be the victims of clearing cap space?
Obviously, if it weren't for his no trade clause, the most likely candidate would've been Rolston. But since the contract started after he turned 35, it's still on the books no matter what unless he is traded. And for his salary, it's unlikely anyone would take him.
At the same time, no matter who goes, until they are traded to another team, they are still Devils. It will hurt to see whoever is chosen for a trade to go to another team...but all the same, it still has to be done.
All we have, as far as news, are rumors for now. We will most likely not hearing anything about trades other than rumors until Labor Day weekend is over. But rest assured, Lou is prepared and has most likely been prepared since July 1st. So for now I will say...
...In Lou We Trust. The man is a shrewd, shrewd man and a genius, and it's my opinion the CBA agreement result might have been the other thing he was after, apart from getting Kovalchuk's contract registered. So as loyal Devil fans, lets put our trust in Lou. If he didn't let us down here, he won't let us down when it comes to making the right decisions in clearing cap space.
On a different note, for me, it's just sinking in that Kovalchuk's contract has been registered with the league and that it's official. The New Jersey Devils NHL website now has a graphic of Kovalchuk that you have to click on to enter the site...as well as a graphic of Kovy celebreating a goal on the ticketmaster/ticket sales rep link. As well as several articles that talk about us Devil fans celebrating Kovy getting signed, Mr. Lamoriello's statement, and the initial article stating Kovalchuk's contract was FINALLY registered with the league. Today, I guess because this summer was as emotionally stressful as it can get for Devil fans, was overwelming for me as it truly sunk in; Ilya Kovalchuk is a loyal member of the New Jersey Devils. Words can't express how happy and relieved I am right now. And no amount of Flyer or Ranger trolling, insults, attitudes, or pranks can take that away. I honestly feel like we won the Stanley Cup.
I was only planning on getting a Volchenkov jersey next month...but now...I'm also planning on getting a Kovalchuk jersey in November. That's how happy I am that this crazy summer has finally ended. It'll hurt to see who will be shown the door as a victim of clearing cap space, but today, as well as this summer (as emotionally draining as it was) was a monumental day AND summer for New Jersey Devil fans.
With that, I say 'Peace out'. Enjoy and celebrate Devil fans. We're the winners of free agency this summer. And we've got every right to be celebrating and be happy. SO CELEBRATE! =D
Peace-
Mary
P.S.
GO DEVILS! ! ! !
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10 On Kovi free agency
11 KOVI IN LA
12 KOVI SAGA GOES ON
12 IS KOVI USING THE DEVILS TO UP HIS PURSE????
12 WOW The Devils Make A Great Move!!!!
12 John MacLean is hands on as Devils open prospects camp
12 Is Ilya Kovalchuk moving closer to signing with Los Angeles?
13 Has Kovalchuck lost his footing with New Jersey Devils Fans?
13 Elias understands Kovalchuk's dilemma
14 Elias excited for what future holds
15 Lots of talk but nothing to announce yet on Kovalchuk
15 Kovalchuk Looking Less and Less Likely for New Jersey Devils
15 Kovalchuk desperately wants to be the highest paid Russian!!
15 Devils don't offer veteran center Eric Chouinard a contract
15 Anton Volchenkov: Devils were my second choice
15 MacLean meets the A-Train
16 Are Ilya Kovalchuk's salary demands tied to Alex Ovechkin?
16 Newly-signed Tyler Eckford wants to play his way into a job
16 Devils' World Won't End if Kovy Bypasses Newark
18 Kings believed they had a 50-50 chance of signing Kovinuts
19 Brian Rolston knows that changes are coming for Devils
19 Devils' signing of Ilya Kovalchuk puts a smile on John Mac!!
19 Dainius Zubrus: signing Ilya Kovalchuk was to shake up the Devils
19 What might happen next?????
20 Who Will Go???
20 Which Contracts Will Lou Dump Now?
20 Left winger Ilya Kovalchuk, there is significance to #17
21 Once Kovalchuk's deal is settled, attention to Zach!!!
21 NHL doesn't believe Ilya Kovalchuk will stay untill Age 44
21 contracts similar to Ilya Kovalchuk's deal with Devils
21 NHL Players' Assocation issues statement On Kovi
21 Lamoriello statement on Kovalchuk signing
21 ’t win Ilya Kovalchuk contract showdown
22 It's in hands of Ilya Kovalchuk and union
22 NHL might have picked wrong fight
22 LA Kings Dean Lombardi backs up Kovalchuck Contract
24 NHLPA to file grievance
25 The Kovi Saga
25 NHL prosecution merely a temper tantrum
26 Devils wait for players' union to file grievance
26 contract could trigger a war between Devils and NHL
27 Decision on Kovalchuk is expected nexty week
28 Kovalchuk contract could be restructured by arbitrator
28 Yann Danis Going to KHL
28 Mark Fraser Signed....
29 Newly-signed Mark Fraser vows to be 'mean, physical Player
30 Arbitrator has been agreed upon
30 Kovalchuck Hearing?????
31 Arbitrator - Richard Bloch a NEw Jersey Native
31 Association agree on arbitrator to rule on Ilya Kovalchuk
11 KOVI IN LA
12 KOVI SAGA GOES ON
12 IS KOVI USING THE DEVILS TO UP HIS PURSE????
12 WOW The Devils Make A Great Move!!!!
12 John MacLean is hands on as Devils open prospects camp
12 Is Ilya Kovalchuk moving closer to signing with Los Angeles?
13 Has Kovalchuck lost his footing with New Jersey Devils Fans?
13 Elias understands Kovalchuk's dilemma
14 Elias excited for what future holds
15 Lots of talk but nothing to announce yet on Kovalchuk
15 Kovalchuk Looking Less and Less Likely for New Jersey Devils
15 Kovalchuk desperately wants to be the highest paid Russian!!
15 Devils don't offer veteran center Eric Chouinard a contract
15 Anton Volchenkov: Devils were my second choice
15 MacLean meets the A-Train
16 Are Ilya Kovalchuk's salary demands tied to Alex Ovechkin?
16 Newly-signed Tyler Eckford wants to play his way into a job
16 Devils' World Won't End if Kovy Bypasses Newark
18 Kings believed they had a 50-50 chance of signing Kovinuts
19 Brian Rolston knows that changes are coming for Devils
19 Devils' signing of Ilya Kovalchuk puts a smile on John Mac!!
19 Dainius Zubrus: signing Ilya Kovalchuk was to shake up the Devils
19 What might happen next?????
20 Who Will Go???
20 Which Contracts Will Lou Dump Now?
20 Left winger Ilya Kovalchuk, there is significance to #17
21 Once Kovalchuk's deal is settled, attention to Zach!!!
21 NHL doesn't believe Ilya Kovalchuk will stay untill Age 44
21 contracts similar to Ilya Kovalchuk's deal with Devils
21 NHL Players' Assocation issues statement On Kovi
21 Lamoriello statement on Kovalchuk signing
21 ’t win Ilya Kovalchuk contract showdown
22 It's in hands of Ilya Kovalchuk and union
22 NHL might have picked wrong fight
22 LA Kings Dean Lombardi backs up Kovalchuck Contract
24 NHLPA to file grievance
25 The Kovi Saga
25 NHL prosecution merely a temper tantrum
26 Devils wait for players' union to file grievance
26 contract could trigger a war between Devils and NHL
27 Decision on Kovalchuk is expected nexty week
28 Kovalchuk contract could be restructured by arbitrator
28 Yann Danis Going to KHL
28 Mark Fraser Signed....
29 Newly-signed Mark Fraser vows to be 'mean, physical Player
30 Arbitrator has been agreed upon
30 Kovalchuck Hearing?????
31 Arbitrator - Richard Bloch a NEw Jersey Native
31 Association agree on arbitrator to rule on Ilya Kovalchuk
03 Kovalchuk will attend contract hearing
03 Devils will wear retro jerseys March 18 vs. Washington
04 D day for Kovi and the Devils
05 Roller Hockey at the Jersey Shore
06 Jim Dowd Shore High School Hockey Game set for Sunday
06 Is this is a set-up between Lou and Gary???
09 The arbitration decision coming today
11 Translated article from soviet sports kovalchuck
11 Devils name Rick Kowalsky head coach at Albany
12 HEATS ON!!!!
12 Where do the Devils stand in the market???
16 Today might be the day
16 90 million over 10-13 for kovi?
16 Russian News Paper Reports Devs and Kovi....
17 Contract submitted???
18 Another Quiet day in the Kovi Front
19 Devils still waiting to see what happens with Kovy
19 “Status Quo” On Ilya Kovalchuk And Devils
20 Devils After Marc-Andre Bergeron???
20 Kovi wants nothing to do with the KHL
20 Elias on the Move???
21 ELIAS TO THE ATLANTA TRASHERS????
21 Questions Surround Devils in Wake of Kovalchuck saga
22 Brian Burke Testified Against Ilya Kovalchuk Contract???
22 Devils Bringing Hockey Back To Atlantic City
23 Patrik Elias could be moved to sign fellow winger Zach Paris
23 Today could be the Day!!!
23 News 1130 out of Vancouver Reports on Kovi
23 Possible contract for Kovalchuck
23 Devils add more youth to the roster
23 EJHradek_ESPN Reports NJ Devils meet with the NHL
24 News 12 New Jersey Reports on Kovi Contract...
24 Bryce Salvador to Stars...
25 NHL 2 Devils 0.....
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25 Commish denies report of deal rejection
26 – NYPOST.com
26 Looks Like KHL is out of the question
27 Could this be finalyy over???
30 Devils could part with Zajac if Kovalchuk stays
30 ’ contract, but Kovalchuk retires
31 ’s official decision on Kovalchuk’s TODAY!!!!!
31 Niemi a Devil?????
03 Devils will wear retro jerseys March 18 vs. Washington
04 D day for Kovi and the Devils
05 Roller Hockey at the Jersey Shore
06 Jim Dowd Shore High School Hockey Game set for Sunday
06 Is this is a set-up between Lou and Gary???
09 The arbitration decision coming today
11 Translated article from soviet sports kovalchuck
11 Devils name Rick Kowalsky head coach at Albany
12 HEATS ON!!!!
12 Where do the Devils stand in the market???
16 Today might be the day
16 90 million over 10-13 for kovi?
16 Russian News Paper Reports Devs and Kovi....
17 Contract submitted???
18 Another Quiet day in the Kovi Front
19 Devils still waiting to see what happens with Kovy
19 “Status Quo” On Ilya Kovalchuk And Devils
20 Devils After Marc-Andre Bergeron???
20 Kovi wants nothing to do with the KHL
20 Elias on the Move???
21 ELIAS TO THE ATLANTA TRASHERS????
21 Questions Surround Devils in Wake of Kovalchuck saga
22 Brian Burke Testified Against Ilya Kovalchuk Contract???
22 Devils Bringing Hockey Back To Atlantic City
23 Patrik Elias could be moved to sign fellow winger Zach Paris
23 Today could be the Day!!!
23 News 1130 out of Vancouver Reports on Kovi
23 Possible contract for Kovalchuck
23 Devils add more youth to the roster
23 EJHradek_ESPN Reports NJ Devils meet with the NHL
24 News 12 New Jersey Reports on Kovi Contract...
24 Bryce Salvador to Stars...
25 NHL 2 Devils 0.....
25 Lamoriello not frustrated by Kovalchuk process
25 Commish denies report of deal rejection
26 – NYPOST.com
26 Looks Like KHL is out of the question
27 Could this be finalyy over???
30 Devils could part with Zajac if Kovalchuk stays
30 ’ contract, but Kovalchuk retires
31 ’s official decision on Kovalchuk’s TODAY!!!!!
31 Niemi a Devil?????
02 Thoughts On New Kovalchuck Deadline....
02 THE NHL SHOULD LOOK AT THEMSELVES FIRST
03 Another deadline approaches for Devils, Kovalchuk
03 Here we go again!!!
03 Is the NHL trying to make Kovi walk?
03 Kovalchuck Update
03 Via TSN NHL And PA have reached a deal!!!!
04 Big news came at an early hour this morning
13 Brian Rolston being traded
27 Negatives and Positives to the Preseason thus far
02 THE NHL SHOULD LOOK AT THEMSELVES FIRST
03 Another deadline approaches for Devils, Kovalchuk
03 Here we go again!!!
03 Is the NHL trying to make Kovi walk?
03 Kovalchuck Update
03 Via TSN NHL And PA have reached a deal!!!!
04 Big news came at an early hour this morning
13 Brian Rolston being traded
27 Negatives and Positives to the Preseason thus far
Hope Kovalchuk is worth more to you guys than Parise.
Parise's not going anywhere. No need to worry about that. Well, unless fans from other teams wanted to get him. :P
I see this alot from other fans about Parise going...hahahahhahahahahahahaha..look at our salaries...next season Lang will be ufa and he wont br back...you think were goig to keep arnott...no gone....and atleast 3 other players...Zach will be a devil
Finally... Devils will win the East this year I believe... I hope we beat you in the playoffs... but if not I will cheer for Volchenkov as he is my favourite player outside the Sens...
if parise goes i think we are fucked... he is the face of the franchise once marty goes, and he is the next captain. I like kovy and all, ithink he is a great goal scorer and i am just as happy as you are to see him signed, but i would hate to see him given a "C" because if he is the captain and parise goes, the team i think is going down hill. it will become the New Jersey Devillchuks.