Sep 1, 2010, 9:00 AM EDT
Is today going to be the day that Ilya Kovalchuk finally becomes a New Jersey Devil for life? Unfortunately we’ve got no inklings which way the NHL will decide on his latest contract offer of 15 years for $100 million. What we do have, thanks to Nick Kypreos of Sportsnet, is a look at how the money breaks down year-by-year in the contract.
2010-11: $6 million
2011-12: $6 million
2012-13: $11 million
2013-14: $11.3 million
2014-15: $11.3 million
2015-16: $11.6 million
2016-17: $11.8 million
2017-18: $10 million
2018-19: $7 million
2020-21: $4 million
2021-22: $1 million
2022-23: $1 million
2023-24: $1 million
2024-25: $3 million
2025-26: $4 million
At the very least, the contract doesn’t tail off laughably so, so the criticisms made about the previous deal being a “retirement contract” can’t be made on this one. The contract also puts the bite on the Devils if they had plans to potentially buy out Kovalchuk towards the end just in case things got bad. Fire & Ice’s Tom Gulitti also points out another potential problem with the numbers breakdown.
The other potential sticking point is the three consecutive seasons at $1 million in Years 11, 12 and 13. After that, Kovalchuk would make $7 million in the final two years of the contract–if he played it out until its end. But, those three consecutive seasons at $1 million create a clear transition point in the deal from the first 10 years to the last five.
By comparison, Marian Hossa’s contract, which is still under investigation by the NHL, will pay him $1 million for each of the last four seasons after totaling $59.3 million for the first eight seasons.
What isn’t known, and what could prove to be a major sticking point, is where the no-movement clauses or no-trade clauses begin and end. That was cited to be a big reason why there were problems in the last contract and it’s unknown where or if they even exist in this deal.
Today could be a long day of waiting for news so be ready for anything at any time. Seeing as how we were dead wrong on our gut feeling about how the league was going to rule the last time, we’ll just throw our hands up and say we have no idea how anything works instead. Keep in mind though, if the NHL does say no to this contract, the NHLPA can, once again, file a grievance with the NHL over the decision. We really could go full-circle on this ride once again.
- Report: Leiweke to head up Olympic bid in Los Angeles 9
- In praise of John Tavares 14
- It’s New York Islanders Day at PHT 26
- McDavid on teams possibly tanking for him: ‘It’s pretty crazy’ 19
- Fanspeak: Lemieux (stunner!) voted greatest Penguin in franchise history 39
- Under Pressure: Mike Johnston 17
- It’s Pittsburgh Penguins Day at PHT 33
- Captain no more: Sharks strip Thornton of ‘C’ 47
- Tank defense: NHL changes up Draft Lottery format 55
- Fanspeak: Clarke voted greatest Flyer in franchise history 40