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07/20/2010 - Toronto, ON (Sportsbook Betting Lines) - The NHL has rejected Ilya Kovalchuk's 17-year, $102 million contract with the New Jersey Devils on grounds that it circumvents the league's salary cap.
The report is according to TSN Canada.
The rejection is likely due to the way the deal is structured, which was previously reported by the Newark Star-Ledger. He was due to earn $6 million in each of the next two seasons, $11.5 million from 2012-17 and $10.5 million the following year. The salary was scheduled to fall off after that until he made $550,000 annually in the final five years of the deal. He would have been 44 years old when the contract was set to conclude in 2027.
The way the current collective bargaining agreement is structured, a player who signs a deal before the age of 35 can eventually retire and have his contract come off a team's salary cap; however, teams must negotiate in a good faith effort to have the player remain in the league for the duration of the contract. It appears the Devils frontloaded the deal so Kovalchuk could have earned as much money as possible while providing the lowest possible cap hit for the team.
Similar investigations were also launched last offseason for Philadelphia's Chris Pronger and Chicago's Marian Hossa, but the league did not void either of those contracts. Pronger signed a seven-year extension worth $35 million, where he makes $525,000 in each of the final two seasons, while Hossa makes $1 million or less in each of the final four years of his 12-year, $62 million deal.
Kovalchuk was the hottest commodity on this year's free agent market, as he was pursued by the Devils, Kings, Islanders and a Russian club among others. He has turned down reported offers of $70 million over seven years and $100 million over 12 years from the Thrashers, who finally gave up on re-signing the sniper and sent him to New Jersey in a package that netted Atlanta defenseman Johnny Oduya, right wing Niclas Bergfors, forward Patrice Cormier and a first-round draft pick.
<< Mora, Francis help Marlins rout Rockies
Miami, FL (Sportsbook Betting Lines) - Melvin Mora finished a triple shy of the cycle
and Jeff Francis tossed seven scoreless innings, as the Colorado Rockies
dominated the Florida Marlins, 10-0, in the second test of a four-game series
at Sun
<< NCAA probe on agent dealings extends to Alabama
Tuscaloosa, AL (Sportsbook Betting Lines) - The NCAA's investigation into possible
improper dealings with sports agents has reportedly reached the University of
Alabama.
A number of schools have had athletes' names surface in an increasi
<< Malisse advances, Tipsarevic upset in Atlanta
Atlanta, GA (Sportsbook Betting Lines) - Seventh-seeded Xavier Malisse was a straight-
set winner, while fifth-seeded Janko Tipsarevic was an upset victim in
Tuesday's first-round action at the Atlanta Tennis Championships.
The Belgian Mali
<< Phillies P Moyer leaves game
St. Louis, MO (Sportsbook Betting Lines) - Philadelphia Phillies pitcher Jamie Moyer
left Tuesday's game against St. Louis after one inning with a left elbow
strain.
Moyer allowed two hits in one scoreless inning, throwing 18 pitches. It
Timberwolves to introduce Ridnour Wednesday >>
Minneapolis, MN (Sportsbook Betting Lines) - The Minnesota Timberwolves will announce
the signing of free agent guard Luke Ridnour on Wednesday.
The team scheduled a press conference to introduce the former Milwaukee Buck,
who agreed to a four-yea
Hunter remains undefeated as Rangers rout Tigers >>
Detroit, MI (Sportsbook Betting Lines) - Tommy Hunter gave up three hits in seven
innings to stay undefeated on the year and Ian Kinsler drove in three runs in
an 8-0 Rangers win against the Tigers.
Kinsler had one of three Texas home runs
Angels' home run parade leads to rout of Yankees >>
Bronx, NY (Sportsbook Betting Lines) - Mike Napoli, Maicer Izturis and former Yankee
Hideki Matsui each hit a two-run homer to lead the Angels to a 10-2 win over
New York at Yankee Stadium.
Napoli finished with four RBI for the Angels, who capt
Cardinals cruise behind Carpenter to top flailing Phils >>
St. Louis, MO (Sportsbook Betting Lines) - Chris Carpenter allowed just one run in eight
strong innings, and the St. Louis Cardinals defeated the struggling
Philadelphia Phillies, 7-1, in the second of four games at Busch Stadium.
Carpenter
New York, NY – October 3, 2007 – The dress rehearsal is over! The NHL preseason has ended and now that fans have had a glimpse of what is to come it is time to hit the book! Stanley Cup odds are live at MySportsbook.com, the world’s largest online sportsbook and casino.
The Ottawa Senators and Detroit Red Wings remain on top of the odds charts after an impressive start in the preseason. Betting lines opened for both teams at 6-1 in June. Since then the Sens have fallen to 7-1 and the Red Wings are now caught in a pack including the defending champion Carolina Hurricanes, the San Jose Sharks and the Anaheim Ducks, all at 10-1.
MySportsbook.com has also posted props on each team’s point total for the regular season. The Senators lead the charge at 108.5 followed by the Ducks at 106.5. Detroit will attempt a repeat for the prize as the Red Wings are deadlocked with the Predators at 104.5 a piece. The temporary loss of highly touted rookie Evgeni Malkin puts a lot of pressure on the stick of assistant captain Sidney Crosby - his lowly Pittsburgh Penguins are listed at 71.5.
Even if bettors are not brave enough to put their money on the underdog, an early bet on the favorites at sportsbook.com tends to produce bigger payouts than a mid-season wager. Placing a $1,000 bet last summer on the Detroit Red Wings or Ottawa Senators would have paid out to $8,000 and $10,000 respectively, opposed to a $2,500 or $3,000 payout at the beginning of the playoffs.
| Ottawa Senators Detroit Red Wings Carolina Hurricanes San Jose Sharks Anaheim Ducks Philadelphia Flyers Calgary Flames New Jersey Devils Buffalo Sabres Dallas Stars New York Rangers Nashville Predators Vancouver Canucks Colorado Avalanche Minnesota Wild Tampa Bay Lightning Boston Bruins Florida Panthers Montreal Canadiens Atlanta Thrashers Toronto Maple Leafs Edmonton Oilers Phoenix Coyotes Los Angeles Kings New York Islanders Columbus Blue Jackets St. Louis Blues Pittsburgh Penguins Washington Capitals Chicago Blackhawks |
7-1 10-1 10-1 10-1 10-1 12-1 12-1 12-1 12-1 15-1 15-1 15-1 20-1 20-1 25-1 25-1 30-1 30-1 30-1 30-1 30-1 30-1 40-1 40-1 50-1 50-1 80-1 80-1 100-1 100-1 |
NHL Regular Season Points - Team Must Play 82 Games
| Team Ottawa Senators Anaheim Ducks Detroit Red Wings Nashville Predators San Jose Sharks Calgary Flames Philadelphia Flyers New Jersey Devils Buffalo Sabres Carolina Hurricanes Dallas Stars New York Rangers Minnesota Wild Atlanta Thrashers Montreal Canadiens Team Los Angeles Kings Tampa Bay Lightening Vancouver Canucks Boston Bruins Colorado Avalanche Edmonton Oilers Phoenix Coyotes Toronto Maple Leafs Florida Panthers Columbus Blue Jackets New York Islanders Chicago Blackhawks St. Louis Blues Washington Capitals Pittsburgh Penguins |
Over/Under 108.5 106.5 104.5 104.5 103.5 101.5 100.5 99.5 97.5 97.5 97.5 95.5 94.5 93.5 92.5 Over/Under 91.5 91.5 91.5 89.5 89.5 88.5 88.5 86.5 84.5 82.5 80.5 72.5 72.5 72.5 71.5 |
To visit this online sportsbook got to MySportsbook.com for all your hockey sportsbook needs.
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