Skip to content

KHL’s SKA Saint Petersburg announces signing of Kovalchuk

Jul 15, 2013, 8:57 AM EDT

Ilya Kovalchuk Getty Images

What has been assumed and reported for days has been officially announced. Ilya Kovalchuk has inked a four-year contract with SKA Saint Petersburg of the Kontinental Hockey League.

Last week, Kovalchuk sent shock waves through the hockey world when he decided to retire from the NHL despite having $77 million left on his 15-year, $100 million contract. Kovalchuk’s decision left the New Jersey Devils with a massive hole in their lineup, not to mention a $250,000 annual cap recapture penalty through 2024-25.

On top of that, the Devils don’t have a first round draft pick in 2014 as punishment for their first attempt to sign Kovalchuk.

Following his retirement, it quickly became apparent that Kovalchuk would head to the KHL to extend his career. His mother suggested that this had been on the 30-year-old forward’s mind since January and he was influenced by his time with SKA during the lockout.

Taxation in the United States as well as the NHL’s escrow rules were also apparently factors as it’s believed that Kovalchuk stands to benefit financially from this maneuver. SKA hasn’t released the financial terms of their agreement with Kovalchuk.

The next time a wide North American audience sees him on the ice might be during the 2014 Winter Olympics. Team Russia and the United States will be in the same division.

Related:

Two silver linings for Devils in Kovalchuk retirement

Parise is ‘shocked’ Kovalchuk left New Jersey

What they’re saying about Kovalchuk bolting for the KHL

So, what’s next for the Devils without Kovalchuk?

Devils players didn’t see Kovalchuk retirement coming

With Kovalchuk gone, Devils pursue Damien Brunner

Cherry says Kovalchuk is ‘just laughing all the way to the bank’

Agent: Kovalchuk’s departure won’t lead to Russian exodus

Elias: Kovalchuk move wouldn’t affect choice to stay with Devils

Could Kovalchuk return to the NHL in 2018?

Columnist says lockout prompted Kovalchuk’s departure

Latest Posts
  1. Stamkos scores twice as Bolts edge Flyers

    Oct 31, 2014, 2:30 AM EDT

    Steven Stamkos AP

    Rookie Jonathan Drouin played less than 10 minutes in the win.

  2. Video: Burrows catches Emelin with a late hit (Updated)

    Oct 31, 2014, 1:34 AM EDT

    New York Rangers v Montreal Canadiens - Game One Getty Images

    Michel Therrien “That was a dirty hit to the head”

  3. Video: Daniel Sedin scores overtime winner

    Oct 31, 2014, 1:01 AM EDT

    Canucks AP

    Canucks conclude October with a 7-3 record.

  4. Hossa reaches milestone as Blackhawks top Sens

    Oct 31, 2014, 12:40 AM EDT

    Screen Shot 2014-10-31 at 12.19.19 AM

    Picked up his 1,000th point.

  5. Report: Thomas Vanek involved in money laundering scandal

    Oct 30, 2014, 10:56 PM EDT

    Thomas Vanek AP

    Allegedly endorsed a New York Islanders pay check to cover gambling debt

  6. Video: Bruins’ Marchand scores off his glove

    Oct 30, 2014, 9:40 PM EDT

    Brad Marchand AP

    The play was reviewed and was ruled a good goal.

  7. Sens’ Lehner welcomes baby boy

    Oct 30, 2014, 8:48 PM EDT

    Robin Lehner AP

    Absent from tonight’s game against the Blackhawks.

  8. Video: Sabres’ Ennis, Moulson sandwich Bruins’ Marchand

    Oct 30, 2014, 8:30 PM EDT

    bradmarchandsmirkgetty Getty Images

    Was slow to the bench, but remains in the game.

  9. Allen off to Norfolk for conditioning

    Oct 30, 2014, 8:00 PM EDT

    Bryan Allen Getty Images

    Recovering from a lower body injury.

  10. Video: Lucic and Stewart drop the gloves

    Oct 30, 2014, 7:25 PM EDT

    Detroit Red Wings v Boston Bruins - Game Five Getty Images

    Two big boys land some pretty good shots.

  11. Flames place Backlund on IR, recall Ferland

    Oct 30, 2014, 7:07 PM EDT

    Mikael Backlund Getty Images

    Abdominal injury hits the center once again.

  12. Leafs recall Percy as insurance policy

    Oct 30, 2014, 6:28 PM EDT

    Montreal Canadiens v Toronto Maple Leafs Getty Images

    Adds depth as Toronto travels to Columbus.

Featured video

Worst team in the NHL?

Sign up for Fantasy hockey

Top 10 NHL Player Searches
  1. C. Crawford (3199)
  2. E. Staal (2797)
  3. A. Kopitar (2468)
  4. E. Kane (2373)
  5. M. Gaborik (2359)
  1. P. Stastny (2285)
  2. D. Heatley (1934)
  3. V. Nichushkin (1914)
  4. N. Foligno (1908)
  5. V. Hedman (1872)