The NHL and the NHL Players Association have reached a deal that will see the contract between New Jersey Devils and forward Ilya Kovalchuk approved by the league.
In exchange for that approval, according to a QMI source, the league will get limits on contracts, probably limiting deals that take a player beyond the age of 40.
Read the full story here.
Hossa - $5,275,000 to 2017/18); Kane $6,300,000; Toews - $6,300,000; Campbell - $7,142,875 to 2015/16; Keith - $5,538,462 to 21017/18; Huet - $5,625,000.
And that ain't hay. In fact, the $35.75 million spent on those 6 guys represents a higher chunk of the total cap available of most - if not all - the teams in the league. THAT'S why they're dismantling a portion of the team. Guys like Campbell and Huet are untradeable, and I suspect the same applies to Hossa.
Gary O., 2010-07-25 10:45:52
Andy, 2010-07-23 02:26:55
The problem to addressing this scenario is coming up with a standard to follow in determining how long a player is going to play. Some guys retire before 40, some play long after they should have retired.
bob, 2010-07-22 11:18:00
Chicago built a cup winner with talent not money, and before the parade was over was dismembering their team. For what? So Atlanta, Calgary and Edmonton could suck again next year??
They need management not hand-me-downs.
Don't even get me started on Toronto...
Gordie, 2010-07-22 10:46:24
This is a problem with the salary cap system. As far as circumventing the Cap system, the term front end loaded contract says it all. Make sure the player gets the money they want early on and the teams gets a minimal cap hit. This is not the first contract like this although it may be more extreme than the others. I just don't see how the league can justify voiding it. They should allow it and amend the CBA to address terms front end loaded contracts and cap hits.
Coaster, 2010-07-22 09:55:06
American--thinking that they are smarter than anyone else. What a bunch of clowns !
terry, 2010-07-21 18:52:37
On top of that, while signing a 27-year-old until he's 44 is a ridiculous notion, players like Howe and Chelios proved it can be done. Given that, who is the NHL to say Kovalchuk won't play that long?
Don't get me wrong, I agree with the NHL's decision to reject Kovalchuk's contract. All I'm saying is that there's no way for the league to save face in this situation. They dug their own hole, but at least they're showing signs of trying to climb out of it.
The solution to these "retirement contracts" is simple - cap the length of contracts to, say, 5 years. That, combined with the current age 35+ rule (teams who sign players 35 or over suffer said player's cap hit for the full term of the contract whether that player retires or not), will force teams to pay players what they're truly worth and the cap hit will reflect that.
harro, 2010-07-21 18:44:37