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Kovalchuk Deal Rejected

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Old
07-20-2010, 09:10 PM
  #26
Garbage Goal
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Originally Posted by might2mash View Post
Seriously. What if the Devils had already moved salary today (not that Lou would be that stupid, but theoretically), and then this happened? SOL?

It is funny that it happened after the press conf. I'd imagine they'll get together and find a contract that works, but in the future for these big signings they need to have league officials there to approve it quickly.
Yeah, that's the only thing I can criticize the NHl for in this case. They should have come to a decision much, much sooner.

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Originally Posted by I am The Mush View Post
Well, Bettman had to draw the line somewhere. The line apparently sits somewhere between 12 (Hossa) and 17 years.
This is why I'm surprised at Devils fans. This contract was severely, severely worse then any contract before it. Hossa has the worst after him and his deal was still 5 years shorter and Hossa will be younger when his contract ends then Kovalchuk will be when his ends.

If my team handed out a contract that was not only blatantly cap-circumventing and so obvious that the player wouldn't play out the whole contract then I'd be kind of glad that the NHL nixed it. Even if that caliber of player would make my team better, the kind of contract that Kovalchuk was handed was utterly ridiculous, simply put.

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07-20-2010, 09:10 PM
  #27
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Wow haha. I guess the Devils got owned.

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Old
07-20-2010, 09:11 PM
  #28
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Old
07-20-2010, 09:11 PM
  #29
Garbage Goal
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Originally Posted by Sonny View Post
The NHL being ass backwards again, making it up as they go along.

It doesn't matter if it's blatant cap circumvention, there isn't a rule against it and they haven't made any concerted effort to amend the current rule. They've got no precedent other than "Because we say so."
IIRC the NHL can nix any deal if they feel that it's likely the player won't fulfill the entirety of the contract. I think it's pretty obvious that Kovalchuk wasn't going to fulfill that contract.

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07-20-2010, 09:16 PM
  #30
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Originally Posted by Sonny View Post
The NHL being ass backwards again, making it up as they go along.

It doesn't matter if it's blatant cap circumvention, there isn't a rule against it and they haven't made any concerted effort to amend the current rule. They've got no precedent other than "Because we say so."
There is a rule against it. There is a catch all rule against cap circumvention.

The 6 ******** years on this contract lowered the cap hit by nearly 50%.

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07-20-2010, 09:17 PM
  #31
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The Devils fans meltdown on this is awesome.

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Old
07-20-2010, 09:17 PM
  #32
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****, this is awesome. i needed to see something like this after gagne left.

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Old
07-20-2010, 09:17 PM
  #33
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NHL by rule gets 5 days to approve/disapprove a contract.

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Old
07-20-2010, 09:19 PM
  #34
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Quote:
Originally Posted by MountainHawk View Post
NHL by rule gets 5 days to approve/disapprove a contract.
fyi, thanks to capgeek's Twitter, CBA 26.10: "There shall be no limitation of time barring the investigation of a circumvention by the commissioner."

edit: I know the rule you're talking about is different, I just wanted to put this out there too

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Old
07-20-2010, 09:21 PM
  #35
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Did the NHL ever formally close the investigations last year when they looked into Pronger, Luongo, and Hossa's contracts?

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07-20-2010, 09:24 PM
  #36
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capgeek: Commissioner may impose a team fine of up to $5m but no less than $1m; forfeit of draft picks; and suspend a club employee, player or agent.

Holy ****! This could get juicy.

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07-20-2010, 09:27 PM
  #37
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Yeah, apparently the league can nix a deal for cap circumvention. Check out this page:

http://hfboards.com/showthread.php?t=800874&page=36

Devils fans don't have a leg to stand on on this one. The league is totally justified in this.

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Old
07-20-2010, 09:27 PM
  #38
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Originally Posted by i am dave View Post
I am legit surprised the NHL did this. There are no guidelines by which to prove "cap circumvention." This was a subjective decision. Subjective decisions are dangerous in legal precedents.
Agreed. There is no rule, no guideline, so Bettman & Co. are making **** up as they go along.

The contract is quite shocking, but how can anyone prove that Kovy won't play until he's 44 years of age? Especially when there is nothing preventing him from doing so, save for possible injury or desire.

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07-20-2010, 09:31 PM
  #39
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This is nuts. I wonder if Bettman will call a mulligan on the entire offseason

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07-20-2010, 09:32 PM
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Here we go again...

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Old
07-20-2010, 09:32 PM
  #41
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http://www.nj.com/devils/index.ssf/2...lchuk_con.html

Quote:
That means the blockbuster deal must be reworked.

According to a person with knowledge of the contract who requested anonymity because he is not authorized to speak for the league on the matter, the Devils can attempt to reform and refile the contract. Alternately, the NHL Players' Association can file a grievance.

A player cannot play until an arbitrator rules on the contract, although that does not seem to be a concern at this point in the summer.

In an effort to keep Kovalchuk's average salary (and cap hit) low, the Devils signed him to the longest contract in NHL history. Although he will be paid $11.5 million at its height, the average is just $6 million.

General manager Lou Lamoriello spoke today on that subject and said he knows it is a practice that many will scrutinize.

Some have suggested it illustrates just what is wrong with the current collective bargaining agreement.

"I might agree," Lamoriello said today. "But there is nothing we have done wrong. This is within the rules. This is the CBA. There are precedents that have been set, but I would agree that we shouldn't have these.

"But I'm also saying that, because it's legal and this is something ownership felt like doing for the right reasons, then it was done."

The league feels otherwise and has determined the contract is not valid.

Lamoriello has not returned calls.


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Old
07-20-2010, 09:33 PM
  #42
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Cool.

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Old
07-20-2010, 09:33 PM
  #43
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Originally Posted by Hextall89 View Post
This is nuts. I wonder if Bettman will call a mulligan on the entire offseason
Oh please please please please. Holmgren needs a "do-over".

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Old
07-20-2010, 09:34 PM
  #44
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hahahahahaha

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07-20-2010, 09:35 PM
  #45
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Quote:
Originally Posted by mm6492 View Post
PA will file a grievance....
What does the NHLPA care about a KHL player?

Quote:
Originally Posted by CantSeeColors View Post
capgeek: Commissioner may impose a team fine of up to $5m but no less than $1m; forfeit of draft picks; and suspend a club employee, player or agent.

Holy ****! This could get juicy.
Doubtful. Those penalties would probably only be used if it was found out that a team was actively circumventing the cap. Since this contract was never approved, it never took effect, never happened, and I doubt there will be punishment.

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Old
07-20-2010, 09:36 PM
  #46
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Gagne for Walker was also rejected. Walker was making too much and one team can not have more then 7 d-men under contract.

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Old
07-20-2010, 09:39 PM
  #47
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Quote:
Originally Posted by Kaktus View Post
Gagne for Walker was also rejected. Walker was making too much and one team can not have more then 7 d-men under contract.
whatttt??? are you kidding?

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Old
07-20-2010, 09:39 PM
  #48
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Quote:
Originally Posted by Sonny View Post
The NHL being ass backwards again, making it up as they go along.

It doesn't matter if it's blatant cap circumvention, there isn't a rule against it and they haven't made any concerted effort to amend the current rule. They've got no precedent other than "Because we say so."
The language about cap circumvention is pretty vague in the CBA. What constitutes is can be anything, so long as the league can prove that the intention was to subvert the intention of the rules in some way. I think if it goes before an arbitrator, they're going to have a very easy case, and the Devils are going to have a difficult time explaining the structure of that contract. Their best bet would to try and claim that the extreme front loading is to avoid inflation (i.e. the more Kovalchuk gets payed up front, the more he can invest right away and not have a lot of the value of his contract shrink due to inflation). That's a tough sell.

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Old
07-20-2010, 09:40 PM
  #49
CharlieGirl
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Originally Posted by Kaktus View Post
Gagne for Walker was also rejected. Walker was making too much and one team can not have more then 7 d-men under contract.
Hahahaha, nice try Kaktus!

I figure the league remembered Zhitnik for Coburn and are giggling about Homer being the stupid one this time around.

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Old
07-20-2010, 09:41 PM
  #50
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Quote:
Originally Posted by Kaktus View Post
Gagne for Walker was also rejected. Walker was making too much and one team can not have more then 7 d-men under contract.
If this isn't a joke, and it did get rejected (which I doubt) those wouldn't be the reasons why. This has to be a joke, right? I mean, the trade is kinda lopsided, but the reasons for it are kind of obvious, so I would think they would send it through.

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