Hat Tip: Hockey Wilderness
Why is this front-paged? Because Mikko Koivu's deal will certainly be used as some kind of milestone for any extension for signing Zach Parise. Devils fans should pay attention.
How much is the deal? $47.25 million with a NTC per Michael Russo. That's a cap hit of $6.75 million/year. Keeping Parise could be expensive than that, so I suggest keeping that in the back of you mind when the topic of re-signing Parise or signing some other big name player comes up.
And, of course, this will certainly affect Ilya Kovalchuk negotiations. Forget about Kovy going low now.