An independent arbitrator has agreed with the NHL that the contract between Ilya Kovalchuk and the New Jersey Devils is a bunch of crap. Kovalchuk had signed a 17-year, $102 million deal with the Devils that was completely outrageous and designed to pay him a ton while keeping his cap number low.
You see, the NHL is a second-rate league that can’t get out of its own way. Hence, they come up with a salary cap that has easy loopholes for people to exploit. It took an independent person to step in and see that, despite the stupid cap rules, this was out of hand.
So, Kovalchuk is once again a free agent. But, fear not Devils fans, the team still wants to sign him.
“While we do not currently have a contract with Ilya Kovalchuk, discussions have resumed and we are hopeful that a contract will be reached that meets with the principles in arbitrator Bloch’s award and the NHL’s approval,” said Devils president and general manager Lou Lamoriello.
Obviously, the NHLPA ain’t happy about this.
In a statement, they said they are “disappointed with the arbitrator’s ruling to uphold the NHL’s rejection of the contract between the New Jersey Devils and Ilya Kovalchuk.”
Yeah, well then try to avoid ridiculous contracts that are complete BS and designed to circumvent the cap. You’ll be alright.