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Thread: Devils sign Ilya Kovalchuk to a 17-year deal

  1. #1
    Edge of Reason GO!!!!!'s Avatar
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    Default Devils sign Ilya Kovalchuk to a 17-year deal

    Ilya Kovalchuk has agreed to a 17-year/$102 million contract with the New Jersey Devils.

    Kovalchuk will make $6 million in 2010-11 and 2011-12. He will then earn $11.5 million in each of the following five seasons, $10 million in 2017-18, $8.5 million in 2018-19, $6.5 million the following season, $3.5 million in 2020-21, $750,000 in 2021-22, and $550,000 in each of the last five years of his contract.

    This heavily frontloaded contract was almost assuredly designed to keep his average salary over the life of the contract low in order to keep his cap hit down. Kovalchuk could theoretically retire before the contract is over rather than play in his 40s for $550,000 per season.

    This isn't the first contract to employ this tactic, but it does appear to be the biggest potential offender. Jul. 19 - 9:27 pm et

    http://www.rotoworld.com/content/Hea...=NHL&hl=111626



    Wow and I thought NFL Contracts were wack..


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  2. #2
    DIET COKE! Trader Joe's Avatar
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    Default Re: Devils sign Ilya Kovalchuk to a 17-year deal

    Dumb

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    Rebound King Kstat's Avatar
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    Default Re: Devils sign Ilya Kovalchuk to a 17-year deal

    This is where the NHL tries to be like the NBA and fails miserably.

    Really, who's bright idea was it to structure the salary cap so only each player's average salary applies? Did they simply not want to do the work?
    Last edited by Kstat; 07-21-2010 at 06:31 AM.

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    All is full of Orange! Mourning's Avatar
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    Default Re: Devils sign Ilya Kovalchuk to a 17-year deal

    17 YEARS?!!!
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  5. #5
    A happy Roy is a good Roy DaveP63's Avatar
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    Default Re: Devils sign Ilya Kovalchuk to a 17-year deal

    Denied by the League, they say it circumvents the cap.
    http://www.grantland.com/blog/the-tr...nce-stephenson
    "But, first, let us now praise famous moments, because something happened Tuesday night in Indianapolis that you can watch a lifetime’s worth of professional basketball and never see again. There was a brief, and very decisive, and altogether unprecedented, outburst of genuine officiating, and it was directed at the best player in the world, and that, my dear young person, simply is not done."

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