birchy Posted July 20, 2010 Posted July 20, 2010 SEVENTEEN years at $102 million! http://tsn.ca/nhl/story/?id=327880 27 year old signs a 17 year contract?!!? What the heck is going on in the NHL these days?!? Unbelievable.. Quote
bhurt Posted July 20, 2010 Posted July 20, 2010 I remeber people saying earlier that he would go to the Russian elite league, looks who's eatting crow now. Quote
PaleMorningDunce Posted July 20, 2010 Posted July 20, 2010 This is really a 10 year ~$100M contract and I doubt either Kovalchuk or NJD expect him to be playing beyond 2020. The last five years or so of the contract are for chump change (by NHL standards). The 17 years is just manipulation by Lamoriello to keep the cap hit down to a more manageable number. Hopefully the next CBA will address these types of contracts as it's something of a loophole. That aside, I'm still not sold that this isn't a contract that NJD will regret down the road. Cheers, Ben Quote
Rufus28 Posted July 21, 2010 Posted July 21, 2010 This is really a 10 year ~$100M contract and I doubt either Kovalchuk or NJD expect him to be playing beyond 2020. The last five years or so of the contract are for chump change (by NHL standards). The 17 years is just manipulation by Lamoriello to keep the cap hit down to a more manageable number. Hopefully the next CBA will address these types of contracts as it's something of a loophole. That aside, I'm still not sold that this isn't a contract that NJD will regret down the road. Cheers, Ben Looks like the NHL says no... http://www.tsn.ca/nhl/story/?id=328025 Bypasses the Salary Cap Quote
birchy Posted July 21, 2010 Author Posted July 21, 2010 Looks like the NHL says no... http://www.tsn.ca/nhl/story/?id=328025 Bypasses the Salary Cap Good. I hope their decision stands up. 17 years is just ridiculous! Quote
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