OFFICIAL: NHL Approves Ilya Kovalchuk Contract with New Jersey Devils

NEWARK NJ - JULY 20: Who's got the last laugh now? Ilya Kovalchuk is now a Devil. (Photo by Bruce Bennett/Getty Images)

It's...It's over.

Early this morning, the NHL and NHLPA agreed to accept the Ilya Kovalchuk contract that was signed and submitted by the New Jersey Devils on Friday, August 27th, along with amending the CBA that deals with contracts over 5 years long. The NHL released its story at 2:53 a.m. ET. After the initial extension announced Wednesday that pushed the deadline 48 hours to Friday at 5 p.m. ET., the NHL and NHLPA mutually agreed to push deadline every hour until 10 p.m.. Both organizations worked vigorously into the night to finalize the contract and the new regulations involving long term deals. Here's some quick information about the contract and other information.

The Ilya Kovalchuck contract is for 15 years/$100 million; a cap hit and average of $6,666,667 per season. His salary breakdown is as followed (from Nick Kypreos of Sportsnet): 6, 6, 11, 11.3, 11.3, 11.6, 11.8, 10, 7, 4, 1, 1, 1, 3, 4. Tom Gulitti confirmed the breakdown on Twitter. Kovalchuk will turn 42 in April during the last season of his contract. Also from Gulitti, there is a movement clause in the contract, yet the details have not been released.

 

 

More to come a little later along with some links. Treat this as an open thread for the day.

 

Talk about Kovy, the Devils cap situation currently, and the new rules to the CBA. The Rules and Guidelines as always are applied. Please follow them, and thanks for reading. Also, WHOO!

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join In Lou We Trust

You must be a member of In Lou We Trust to participate.

We have our own Community Guidelines at In Lou We Trust. You should read them.

Join In Lou We Trust

You must be a member of In Lou We Trust to participate.

We have our own Community Guidelines at In Lou We Trust. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9355_tracker