League voids Kovalchuk's deal with Devils

Hockey Betting Lines

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.

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Pacific-10 Conference odds

Teams that should be in: Stanford

Oregon and USC get their tickets punched after taking care of business this weekend. Yes, the Trojans' computer numbers aren't great, but there's no way the third-place team in this league is getting nixed. Grudgingly, I added Arizona after consultation with our Bracketologist. I don't know that Arizona will lose its last three (including a Pac-10 quarterfinal game), and even if the Cats do, I still can't see how they'd be left out, given the overall profile. That said, it bears watching, as three more L's would leave them at 18-12 (9-9) and on a 6-11 skid entering the Dance. It would be nice to see the Wildcats get at least one W in the Bay Area next week, as Cincinnati (albeit without Armein Kirkland and with a worse profile) was axed after a similar slide last season. I just couldn't rationalize having some of the other teams as locks and not having Arizona in that category -- there just aren't enough good teams behind the Cats to threaten their spot, it seems. Stanford has its fate in its own hands with the Arizona schools coming to the Farm to close out the regular season next weekend.

Should be in:

Stanford [17-10 (9-7), RPI: 40, SOS: 21] No shame in not getting a win in L.A., but that makes the home game against Arizona State a must-win ahead of what could be an intriguing meeting with Arizona should the Cats lose at Cal. Getting to 11 Pac-10 wins would make Selection Sunday much more comfortable, but 10's probably more than enough this season. The Cardinal have nonconference wins over Texas Tech and at Virginia to lean on, although they also lost badly to Air Force and Santa Clara at home.

Southeastern Conference odds
Work left to do: Alabama, Georgia, Mississippi, Mississippi State

It looks more and more possible that no one from the SEC West will make the NCAAs. How weird is that? Tennessee and Vandy move into the locks category after more good work this weekend. Kentucky stays there, although it would be smart for the Cats to handle Georgia at home Wednesday ahead of a trip to the Swamp. Could a disaster scenario (two more L's and a first-round SEC tourney exit) somehow dislodge the Cats despite their incredible computer numbers? Still unlikely, but not worth chancing it.

Work left to do:

Alabama [19-9 (6-8), RPI: 43, SOS: 47] The tough L at Tennessee was understandable, and even created some hope. Unfortunately, that hope was dashed by a home loss to Auburn, which leaves the Tide in some real trouble. There's still no signature win on the profile (no, Kentucky doesn't count), and the computer profile is weakening rapidly. The Tide conceivably could beat Ole Miss and win at Miss. State to get to 8-8 and clinch at least a share of the West crown, but that's probably not enough right now. The Tide will need to do some work in the SEC tourney.

Georgia [16-10 (8-6), RPI: 52, SOS: 23] This is the team with the best chance to make it from this section right now. The Bulldogs rebounded from a terrible performance at Ole Miss to beat down Miss. State. Now they are at Kentucky (king of the RPI 51-100 win) and home to Tennessee. That would be worth a lot of computer points to get both (which is doable), as both teams are in the top 11 in RPI. Finishing at least 9-7 is an absolute must, and I would feel much better about the Dawgs' chances if they got both to get to 10 SEC wins. They also beat Gonzaga, but lost to ACC bubblers Georgia Tech and Clemson.

Mississippi [18-10 (7-7), RPI: 63, SOS: 79] Like everyone else in this division, Ole Miss gacked up a chance to stake a claim, losing by double figures at South Carolina. Even 9-7 likely is not nearly enough with a nonconference profile devoid of anything notable.

Mississippi State [16-11 (7-7), RPI: 66, SOS: 37] With a chance to get in the mix, these Bulldogs were leashed by their Georgia counterparts. Could they get to 9-7? I guess -- although winning at Arkansas, then beating Alabama is no lock -- but would that mean all that much for a team with this overall profile? Probably not. There's nothing of note (on the good side) in the nonconference profile.

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