I recall the same. I thought a fine was mandatory at 1 mil minimum.
My understanding is that no penalty can be levied as the challenge was on article 11. Article 11 doesn't provision any punishment. Article 26, on the other hand, does pretty much mandate punishment. That being the case, the only way a penalty can be levied is if a) the arbitrator sides with the NHL and voids the contract and then b) the NHL challenges on Article 26 and the arbitrator sides with the NHL.
Whatever happens today, I doubt that article 26 is used as a challenge.
I hope that makes sense. I'm not saying it's right, just that this is how I understand the situation at the moment.
Obviously, this is speculative. But say they got a $3M penalty, and Kovalchuk's new deal had a cap hit of $7M. Here's what they would be looking at:
Patrik Elias ($6.000m) / Travis Zajac ($3.887m) / Brian Rolston ($5.062m)
Jason Arnott ($4.500m) / Jamie Langenbrunner ($2.800m) / Dainius Zubrus ($3.400m)
Zach Parise ($3.125m) / Rod Pelley ($0.550m) / David Clarkson ($2.666m)
Vladimir Zharkov ($0.850m) / Ilya Kovalchuk ($7.000m) / P-L Letourneau-Leblond ($0.525m)
Anton Volchenkov ($4.250m) / Henrik Tallinder ($3.375m)
Colin White ($3.000m) / Bryce Salvador ($2.900m)
Andy Greene ($0.737m) / Anssi Salmela ($0.612m)
Mark Fraser ($0.500m)
Martin Brodeur ($5.200m) /Johan Hedberg ($1.500m)
BUYOUTS: Jay Pandolfo ($0.833m) / Andrew Peters ($0.166m)
CAPGEEK.COM TOTALS (follow @capgeek on Twitter)
(these totals are compiled using the bonus cushion)
SALARY CAP: $56,400,000; CAP PAYROLL: $63,441,667; BONUSES: $740,000
CAP SPACE (21-man roster): -$6,301,667
Now there problem would be that after Zubrus, everybody making significant money is either "untouchable" or has a NTC/NMC.
The Devils defense is going to be pretty atrocious if they do sign Kovalchuk. They'd have to move, lets say, Salvador, that leaves them with...
1.Volchenkov-not a #1 defenseman, more like a #2/3.
2.Tallinder- a #4/5 defenseman
3.White-# 5 defenseman
4.Greene-UFA next summer
Not to mention their 38 year old Brodeur. Don't get me wrong, at 38, the guy still has it, but with THAT defense in front of him...idk.
They are banking on a couple of prospects, Alexander Urborn and Matthew Corrente to step in. Not sure they'll be enough of help. I view this aggressive pursuit and signing of Kovalchuk to be the one last attempt to try to win a Cup with Brodeur. Not sure if they'll be able to do it with that team, but I figure it is their one last saving grace before they tear the team apart and start rebuilding.
While they do have Parise and Zajac who are both still fairly young, they have a lot of older players who likely don't have many years left in the league in Elias, Arnott, Brodeur, Langenbrunner and Rolston.
Maybe they'll sign Tommy Albelin to round out their blueline.
In response to jimEIV who wrote "Curious to know what type of compensation you think the Devils should recieve if they win the case?
I mean the Kings lost nothing and if the Devils loose theoretically the Kings will have another opportunity to sign him as he will be Unrestricted again.....
But If the Devis win -- They will have lost all this marketing time, they will have lost all the excitement level of the signing that should have lead to more season ticket sales and their business has pretty much come to a halt all for what amounts to be a perfectly legal contracts".
If the Devils win then their consideration has already been factored in and, if the Devils were so short sighted that they didn't think that advertising the fact that they had signed one of the top snipers in the game was not only savvy from a bus. p.o.v. but also in helping make their case for them on one level then I would be very surprised.
I also would direct you to actually read the post where I said that IF the Devils were found to be guilty of circumventing the cap and or of collusion in any form (which I agree isn't likely) and are being considered for penalties and or fines (loss of draft picks cash cap hit etc) then and only then should the Kings be given consideration.
In fact, the kind of consideration/compensation whatever other word that you would want to use to call it to my way of thinking would be something along the lines of what the NHL actually has done. They took a statement from DL regarding the entire situation and are actually or have actually considered the Kings as part of the process which is what I have asked for from the start.
It is truly ludicrous to think or insinuate otherwise.
Are the Devils liable to the Kings?
Not even a little.
IF they are found to have been guilty of cap circumvention should they be punished?
I honestly don't get why any of you have such high hopes of this Jersey boy arbitrator delivering any sort of a ruling that isn't in favor of NJD/Kovy. The NHL's case isn't all that strong to begin with; I just think everyone's wasted all their time and energy following this so closely. I'll be shocked if the contract rejection is upheld.