JR's tweets are hilarious. What else to expect from a guy like him.
Sucks for the league, and for the Devils (Sort of). I wouldn't be surprised if voiding the contract is something Lou encouraged, or even suggested. It boosts his case to keep his first rounder next year and doesn't screw his cap situation for the next decade.
James Mirtle @mirtle 14m
Could actually have been a disaster if Kovalchuk retired in 2018 at 35: Would have meant a $3.7-million cap penalty for seven years!
That would have hurt even more for NJ. Imagine in the final few years what that figure looks like. It's unfortunate. That contract was absurd to begin with.
it sounds like a giant loophole to get out of contract and cap penalty... unless I'm missing something which I'm sure I am
overpay a russian player -> if he performs, keep, if not, bury him in KHL and terminate his contract
Posters on the main thread are saying this is a very ambiguous part of the CBA. Does it completely void the contract, or is the contract still around in some form in case the player returns? I think the issue is the basic existence of some sort of contract, which would affect the transfer agreement and involve the IIHF.
Final cost for Kovalchuk: Oduya, Bergfors, Cormier, 2010 1st, 2014 1st, 2011 3rd, $3 million in fines, $23 million in salary, 250k cap room every year til 2025 and likely the ability to re-sign Parise...
...for 3 years of Kovalchuk.
I'm not sure a single player has single-handedly hurt a team worse.
Last edited by slapshots1515: 07-11-2013 at 04:00 PM.
Reason: Forgot something
I just dont get why Devils are able to get rid of Kovy's cap hit. My understanding is that you can't just 'terminate' a contract because situation came up.
btw I dont have any problem Kovy playing in russia this coming season. Though he royally screwed Devil's over and fellow Russian players in NHL as well. Why would teams want to commit to a russian player now? I sure as hell would look for players from other nation if options are available.
Yup, that is it. 1st round pick, 250k a year for the next 12 years in cap penalties and Kovy goes back to the KHL.
The funny thing is, if there was no lockout this wouldn't happen. This happened because Kovalchuk played in Russia during the lockout and loved it there, without the lockout he would have stayed for several more years in New Jersey.
The really ironic thing is that New Jersey is now so bad that Russia is better..... sad day for the garden state.