League may reject latest Kovy deal

[dash]

That's fantastic news!

Dreger: NHL executives anxiously waiting Kovalchuk decision

 

[ELYEAH82]

The time has come for some legit contracts in the NHL!!!!!

 

[DaBoltsNIsles]

At what point are the Devils going to actually offer a contract that doesn't circumvent the cap? How many chances is the league going to give them? This whole saga can be summed up in one word for boths sides, GREED.

 

[Destroydacre]

lol, watch the NHL accept this one.

 

[puckhead]

it seems to me that article was 100% speculation.

I thought the Devs had run a 'proposed deal' through the league first to get kind of a pre-approval of the rough terms.

 

[dash]

it seems to me that article was 100% speculation.

I thought the Devs had run a 'proposed deal' through the league first to get kind of a pre-approval of the rough terms.

The article was pure speculation, but if the Devils had submitted a proposed contract for the league to review, you'd think it would be a slam dunk either way (yay or nay).

 

[Automattic]

I have to keep looking at the dates and times of these threads. It's like the most confusing deja vu ever.

 

[TOX1]

I have to keep looking at the dates and times of these threads. It's like the most confusing deja vu ever.

Noooo doubt.

Exciting and nauseating at the same time.

 

[devs30rko]

i understand i'lll look like a homer for this but the terms of the contract have leaked and th big change in the deals is structure. you can say ts circumvention all you want because the contract is long and because the cap hit wouldn't be as high as you'd expect

but in the current deal he never makes in the thousands, and he makes 7 mil in the final 2 years of the contract. so he if he wants that 7 mil he has to play longer.

in the last deal submitted he wouldo only make 1.2 in the final 2 years and 2.4 in the final 4.

the structure is highly different.
and its a no movement clause all the way through.

if he wants the money in the contract he will have to play longer to get it. hard to say its clear circumvention now.

 

[dash]

At this point, I don't even think the main issue is cap circumvention, I think the league wants to do away with these long term contracts. I'll be surprised if Kovy is still in the NHL at the age of 38 and I think Bettman and his cronies feel the same way. They can't come out and say exactly that, thus the "spirit of the cap" phrase is bandied about.

 

[davnlaguna]

latest rumor
Kypreos reveals the last Kovy contract numbers - sportsnet.ca WAP
2010-11: $6 million

2011-12: $6 million

2012-13: $11 million

2013-14: $11.3 million

2014-15: $11.3 million

2015-16: $11.6 million

2016-17: $11.8 million

2017-18: $10 million

2018-19: $7 million

2020-21: $4 million

2021-22: $1 million

2022-23: $1 million

2023-24: $1 million

2024-25: $3 million

2025-26: $4 million

the 7 mil at the end is suppose to make the league think he won't quit after 10 years/ 90 mil. I think it really makes it obvious that this is a 10 year deal. We should know tomorrow if anything happens

 

[dash]

Does Kovy find the fountain of youth in 2024 ala Ponce de Leon?!?

 

[devs30rko]

one can dream : )

 

[Slimpikins]

How much is the salary allowed to drop from season to season? Is it a problem that it drops from 4 to 1 mil or is it just a length issue?

 

[DaBoltsNIsles]

latest rumor
Kypreos reveals the last Kovy contract numbers - sportsnet.ca WAP
2010-11: $6 million

2011-12: $6 million

2012-13: $11 million

2013-14: $11.3 million

2014-15: $11.3 million

2015-16: $11.6 million

2016-17: $11.8 million

2017-18: $10 million

2018-19: $7 million

2020-21: $4 million

2021-22: $1 million

2022-23: $1 million

2023-24: $1 million

2024-25: $3 million

2025-26: $4 million

the 7 mil at the end is suppose to make the league think he won't quit after 10 years/ 90 mil. I think it really makes it obvious that this is a 10 year deal. We should know tomorrow if anything happens

If the Devils get rid of the final 5 years of the contract it should be acceptable. I don't expect this deal to be approved. I don't think the league is going to allow any contracts beyond 10 years anymore.

 

[davnlaguna]

If the Devils get rid of the final 5 years of the contract it should be acceptable. I don't expect this deal to be approved. I don't think the league is going to allow any contracts beyond 10 years anymore.

But if the just cut off those last 5 years the cap hit goes from 6.66mil to 9 mil.
There is no way NJD can do 9 mil

 

[davnlaguna]

How much is the salary allowed to drop from season to season? Is it a problem that it drops from 4 to 1 mil or is it just a length issue?

It can drop 1/2 of the first/second year amount. so 1/2 of 6

The issue is not completely length. It is can the player reasonably be expected to complete the contract. Age of the player is a factor as well as the structure of the deal. Would Kovy really play for 1 mil a year after playing for an average of 9 mil a year for the previous 10 years? Would the Devils keep him on the team with a cap hit of 6.66, when they can loan him to Russia (or send him to the minors) and loss the cap hit?

 

[devs30rko]

rumor is there is a no movement clause throughout this entire deal. meaning the only way he comes off the books is if he retires. and there are several contracts under investigation that the players in question are under contract til 42.
i'm not saying this deal should be accepted. but you reject it and you have to back up your reasoning on those other deals.

 

[DaBoltsNIsles]

rumor is there is a no movement clause throughout this entire deal. meaning the only way he comes off the books is if he retires. and there are several contracts under investigation that the players in question are under contract til 42.
i'm not saying this deal should be accepted. but you reject it and you have to back up your reasoning on those other deals.

Hopefully those other contracts will be rejected. However if they've already been approved & the player has played at least one season of said contract I'll be surprised if the league rejects it. The one thing the league could do is take away cap space or draft picks.

Since the extensions of Pronger & Luongo haven't officially begun they can & should be rejected if they circumvent the cap.

Another aspect of this is even if at some point a deal is accepted by the league they have the right to take away cap space or draft picks from the Devils for the contracts that were rejected. It will be interesting to see if the league does so.

 

[devs30rko]

Hopefully those other contracts will be rejected. However if they've already been approved & the player has played at least one season of said contract I'll be surprised if the league rejects it. The one thing the league could do is take away cap space or draft picks.

Since the extensions of Pronger & Luongo haven't officially begun they can & should be rejected if they circumvent the cap.

Another aspect of this is even if at some point a deal is accepted by the league they have the right to take away cap space or draft picks from the Devils for the contracts that were rejected. It will be interesting to see if the league does so.

the only deal (other than this one) that has been officially submitted by the devils was the 17 year deal. tom gulitti is a pretty decent beat writer for the devils, despite being an actual rangers fan haha, but he knows his stuff and has decent sources within the league front office.

during the time that the first was rejected he reported that he was told the league was not looking to punish the devils at all for that contract but to simply squash taht deal.

the deals that were proposed last monday were never officailly submitted therefore there cannot be any punishment. if this deal goes through you most likely will not see anything. if it gets squashed then yeah you'll probably see something go down.