Kovalchuk Placed on Unconditional Waivers

[Vegas]

Sad. It looked like great signing at the time. Too bad it didn't work out.

Kovalchuk placed on unconditional waivers for purpose of terminating contract - LA Kings Insider

 

[davnlaguna]

Doing him a favor, I guess
They still have to pay him, I believe.
I know the cap hit still applies
Maybe it clears a contract.

 

[Fox4Kings]

Looks like they are finagling a way to not pay him, but will count against the cap regardless.

 

[davnlaguna]

Kovy to the Hans
TWO WAY DEAL!!!!
$700,000 (prorated if he plays)
Nothing if he is cut
Ok $70000 if he reports to the Rockets