The NHL decided it was best to reject Ilya Kovalchuk’s $102 million 17-year deal with the New Jersey Devils due to the low salary in place towards the end of the contract. The eight year veteran was set to earn $98.5 million through his first 11 seasons and collect $550,000 in each of the remaining five years from there. The Devils have spoken out in regards to the recent decision with the belief that no rules were broken.
“There is nothing that we have done wrong,” said Devils GM Lou Lamoriello. “This is within the rules. This is in the CBA. There are precedents that have been set. But I would agree we shouldn’t have these. I’m also saying that because it’s legal and this is something that ownership felt comfortable doing for the right reasons.” Despite the controversy, the New Jersey font office is confident that a new deal will get worked out before the start of the 2010-2011 regular season. Check back for more NHL offseason updates right here with us at Ace!