Kovalchuk pact approved; NHL-NHLPA adopt rules for long-term deals
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09/04/2010 - Toronto, ON (Sportsbook Betting Lines) - Ilya Kovalchuk will finally join the New Jersey Devils after his re-submitted contract was officially and finally approved by the National Hockey League just before 3 a.m. (et) Saturday morning.
The re-worked contract now calls for Kovalchuk to collect a reported $100 million over 15 years, with an annual cap hit of close to $6.66 million. The deal is thought to pay out $90 million in the first 10 years and $10 million over the last five.
Kovalchuk's initial 17-year, $102 million deal with the Devils was rejected by the league on the grounds that it circumvented the league's salary cap. The deal was front-loaded so Kovalchuk could have earned as much money as possible while providing the lowest possible cap hit for the team.
The NHL Players' Association filed a grievance on Kovalchuk's behalf, but an arbitrator ruled in favor of the league. The Russian star, now 27, would be approaching age 43 when the contract expires.
The rejection of the contract provided much debate throughout the league in terms of "lifetime" contracts given to players that have helped reduce the yearly salary cap hit. Several players in previous years signed deals that took them past 40 years of age and saw the annual salary dip below $1 million in the final years of the contract.
The NHL and NHLPA together, did away with those scenarios in one fell swoop Friday, jointly adopting new regulations on such pacts while simultaneoulsy ruling on Kovalchuk's situation after a whirlwind of postponements on a ruling that stretched well into the night.
The new rules will apply only to long-term contracts, five years or longer in length, and only those going forward beyond the September 4 ruling date. All previous contracts are grandfathered in, meaning Kovalchuk's contract will likely be the last of its kind.
To that end, the two entities also announced that the league will terminate its circumvention investigations into the contracts signed in 2009 by Marian Hossa of the Chicago Blackhawks, Roberto Luongo of the Vancouver Canucks, Marc Savard of the Boston Bruins and Chris Pronger of the Philadelphia Flyers.
"We are pleased to finalize an agreement which ends the league's circumvention investigations and also establishes rules on long-term contracts that will provide players, their certified agents and general managers clarity for the negotiation of new contracts," said Roland Lee, associate counsel for the NHLPA and director of Salary Cap/Marketplace. "Turning the page on this process is something that will benefit all parties involved."
Taking into account the NHL's salary cap system and forthcoming CBA negotiations, a special calculation of value will be made in two ways for contracts that extend beyond a player's 41st birthday, and any long-term contract that averages more than $5.75 million for the three highest- compensation years will have rules put into place that limit that player's compensation to a minimum of $1 million between the ages of 36 and 40.
Because of the league's previous rules on player contracts after the age of 35, it was conceivable that someone could retire before a contract had expired, wiping the contract off the salary cap. This rule allowed teams to sign players to front-loaded contracts to benefit both the team and player.
"We're pleased to be able to establish clearly-defined rules for these types of contracts going forward and just as happy we can turn the page on uncertainties relating to several other existing contracts," NHL Deputy Commissioner Bill Daly said. "From start to finish of this multi-week process we were able to work closely and cooperatively with representatives of the Players' Association, who shared our belief that the creation of definitive rules and guidelines in this area would be beneficial to everyone -- clubs and players alike."
Kovalchuk's deal will reportedly take the team about $3 million over the salary cap with 21 players under contract, and the Devils will have to get under the $59.4 million cap before the beginning of the season while adding two more players to the roster.
Kovalchuk posted 41 goals and 85 points in 76 games last season, 10 goals and 27 points coming in 27 games with New Jersey. In a five-game first-round playoff loss, the 27-year-old added two goals and six points.
In 621 games since entering the league in 2001, he has accumulated 338 goals and 642 points with Atlanta and New Jersey.
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Colts give the ‘D’ its due
The Indianapolis Colts know that winning the Super Bowl last season put a huge target on their backs, and they expect opponents to go all-out to knock them from the top of the mountain.
They’ll get their first test from the New Orleans Saints this Thursday night. The defending champs had nothing but good things to say about the New Orleans defense this past week, praising their opponents’ pass rush and run-stopping abilities.
"They play very aggressively," head coach Tony Dungy told the New Orleans Times-Picayune. "They play a lot of man-to-man coverage, and they come after you. They have good pass rushers, and they're going to try to pressure us, I'm sure."
Both center Jeff Saturday and quarterback Peyton Manning gave New Orleans’ front four props, admitting keeping guys like Will Smithand Charles Grant contained would be a tall task for the offensive line.
New Orleans ranked second in total defense during the preseason at a sportsbook, allowing just under 233 yards per game. Last season, the defense finished 11th in the league after giving up 307.3 yards and 20.1 points per contest.
Not so sound on the ground
If Indianapolis' efficient offense has a weakness it has to be its running attack. The Colts one-two-punch of Dominic Rhodes and Joseph Addai is no longer, leaving the bulk of the carries to Addai, the second-year back out of LSU.
Former Saskatchewan Roughrider Kenton Keith was named Addai’s backup this week after beating out DeDe Dorsey for the second-string position. Indy has only three backs on the roster right now, including fullback Luke Lawton, and coach Dungy is aware of the thinness of his ground game. Sports Betting lines on the game can be found at BettingExpress.com
“We’ll continue to look. Luke Lawton’s done a good job for us too. So probably getting a third true tailback is something that we’d like to do,” Dungy told the Indiana Tribune-Star.
Last season, Addai rushed for over 1,000 yards in his rookie campaign and scored seven touchdowns on the ground.
Brees says bring it on
Opening the season on the road against the defending Super Bowl champions is not the way most teams would like to kick off their year – unless you’re the New Orleans Saints or their quarterback Drew Brees. This internet Sportsbooks had the Saints as the favorites.
Brees told the New Orleans Times-Picayune that he is excited to get the regular season started and the Colts are a great challenge for him and his teammates. The 28-year-old QB, entering his second season with the Saints, is expecting a wild environment in the RCA Dome this Thursday when the franchise celebrates its 2007-2007 championship.
Brees said he sees the opening game scheduling as an honor and a testament to how well New Orleans did last season. The Saints missed facing the Colts in the Super Bowl by one game, losing to the Chicago Bearsin the NFC Championship game.
"I mean, people think we can hang with these guys," Brees told reporters. "Even if they didn't, it wouldn't matter what they thought because as a team we're very confident. We know what we can do. We're not satisfied where we finished the season last year. And we've been looking forward to this opportunity for a long time."
SportsBooks ready for a shootout
Oddsmakers are preparing for some fireworks this Thursday when the NFL season kicks off. online Sportsbooks have Thursday’s total set at a whopping 52 points, accounting for two of the league’s most explosive offenses.
“This is like must-see TV,” Saints cornerback and former Colt Jason David told the Baton Rouge Advocate. “It’s two exciting offenses with great players. You’ve got a lot of star power on offense. At any given time a big play can happen. If I was a fan, I wouldn’t miss a snap.”
New Orleans, who ranked No.1 in total offense last season, can go blow-for-blow with the Colts’ attack. Head coach Sean Payton’s offensive schemes will get even better production out of Drew Brees, Reggie Bush and receiver Marques Colston now that they’ve each had a season of playing together under their belts.
The Saints and Colts were the top two passing teams in the NFL last year, but while Indianapolis managed to put up almost 27 points per game, New Orleans struggled to capitalize on their efforts. The Saints ranked fifth in points per game.
“Yards are great,” running backDeuce McAllister told reporters, “but to be able to score more touchdowns would be important for us.”
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