May 26, 2012, 11:11 PM EDT
The New Jersey Devils owe the NHL a first-round draft pick. This might be an ideal time for them to pay up.
Back in the summer of 2010, the Devils signed Ilya Kovalchuk to a heavily frontloaded 17-year/$102 million contract. At that point, we had already plenty of contracts that took players past their prime and added on a number of relatively cheap years at the end to keep the overall cap hit low. However, Kovalchuk’s contract was the straw that broke the camel’s back.
The NHL fought against the contract and successfully voided it. Although Kovalchuk still eventually signed with New Jersey, the NHL punished the Devils for circumventing the salary cap. The league fined the Devils $3 million, took away their third-round pick in the 2011 NHL Entry Draft, and a first-round pick in one of draft between 2011 and 2014. The silver lining was the Devils could pick when they would surrender their pick within that timeline.
Now that the Devils have advanced to the Stanley Cup finals, this might be an ideal time to finish paying the NHL for their initial attempt to sign Kovalchuk. They will have either the 29th or 30th pick in the 2012 NHL Entry Draft depending on their finish in the Stanley Cup finals.
Devils GM Lou Lamoriello isn’t ready to show his hand on the subject, but if they don’t forfeit their pick this year, then they risk putting themselves in a less favorable position down the road.
- Gillis pleads his case: ‘We are enduring a challenging period’ 11
- Nolan gets a game for punching ‘unsuspecting’ Joensuu 20
- It doesn’t sound like 3-on-3 overtime is going to be a thing 31
- Blues finish night on top of NHL standings after shootout win 15
- Kings’ Nolan gets double-minor for punching Oilers’ Joensuu 54
- Extended overtime likely to be on agenda in GMs’ March meeting 41
- Lundqvist shuts out Red Wings to claim 300th victory 11
- NHL on NBCSN: Hawks know they can’t take Sabres lightly 11
- NHL on NBC: Red Wings, Rangers fight to cling onto playoff spots 2
- Video: Flames score center-ice goal against Canucks’ Lack 19
- Canucks trade Luongo to Panthers (93)
- BLOCKBUSTER: Lightning trade St. Louis to Rangers for Callahan (82)
- Kings make splash, acquire Gaborik from Columbus (72)
- Report: Canucks want center, top prospect and first-rounder for Kesler (68)
- Steve Moore remains shocked, disgusted about Todd Bertuzzi attack (68)