Kukla's Korner Hockey
via Tom Gulitti tweet,
It’s official, Papework done. Kovy a Devil for next 15 years.
from Dan Rosen of NHL.com,
The Ilya Kovalchuk saga has come to an end.
Kovalchuk will be a New Jersey Devil after all, and the circumvention investigations of the contracts for Roberto Luongo, Marc Savard, Chris Pronger and Marian Hossa will not be pursued.
Earlier Saturday, the National Hockey League and the National Hockey League Players’ Association agreed to a global settlement to cease the investigations linked to cap circumvention for the above contracts while adopting regulations to govern long-term contracts of five or more years.
The regulations will be added as a supplement to the Collective Bargaining Agreement and apply to all contracts signed from today. As a result, NHL officials agreed to register the new Kovalchuk contract as it was submitted by New Jersey last week and terminate their reviews of the contracts already registered for Luongo, Savard, Pronger and Hossa.
from Damien Cox of the Toronto Star,
...we have yet to see if Bettman will actually punish any of these owners for smashing the spirit of the current collective agreement to smithereens. That would be a lot tougher than pounding this sad-sack union one more time.
The NHLPA just got caught in the train tracks here as a group of influential owners pursued an outlaw agenda, specifically the likes of Boston Bruins owner Jeremy Jacobs, Philadelphia Flyers chairman Ed Snider and Detroit Red Wings owner Mike Ilitch.
You wouldn’t include New Jersey owner Jeff Vanderbeek in that influential group, at least not yet. But you would believe that Devils president and GM Lou Lamoriello would include himself as one of Bettman’s staunchest supporters.
from Darren Dreger of TSN,
Sources tell TSN that the NHL and the NHL Players’ Association have reached an agreement on an amendment to the rules that govern long-term contracts.
The two sides have also agreed to extend the 5pm et deadline to complete the paperwork involved with the Ilya Kovalchuk contract situation.
The amendments addresses two specific rules which only apply to long-term contracts (contracts defined as five years or longer).
First: For long-term contracts extending beyond the age of 40, the contract’s average annual value for the years up to and including 40, are calculated by dividing total value in those years by the number of years up to and including 40. Then for the years covering ages 41 and beyond, the cap charge in each year is equal to the value of the contract in that year….
Secondly, for long-term contracts that include years in which the player is 36, 37, 38, 39 and 40; the amount used for purposes of calculating his average annual value is a minimum of $1 million in each of those years (even if his actual compensation is less during those seasons).
via Darren Dreger tweet,
TSN says a deal between the NHL and the PA has been reached and they’re working on paper work for 5pm.
added 2:37pm, via E.J. Hradek tweet,
The NHL and NHLPA are finalize details for an announcement at or before 5 pm, according to the source
added 2:50pm, via Darren Dreger of TSN,
Sources tell TSN that the NHL and the NHL Players’ Association have reached an agreement on an amendment to the rules that govern long term contracts.
The two sides are now working on getting the paperwork done in time for the 5pm et deadline both sides agreed upon to render a verdict on the Ilya Kovalchuk contract situation.
The agreement means that Kovalchuk’s contract with the New Jersey Devils will also get approved as part of a new global settlement.
via Darren Dreger of TSN,
An amendment to the CBA and the fate of Ilya Kovalchuk’s contract are tied together, so it’s conceivable, the NHL will postpone its decision, or flat out reject the Devils latest offer until a more concise framework of what teams, players and player agents can and cannot do is agreed on.
The NHL and the NHLPA had productive discussions on Thursday regarding potential changes to the rules that govern players contracts, however, at this point, it seems unlikely the two sides will reach a settlement, complete with a vote from the PA’s 30 player board in time for todays 5pm deadline to determine the validity of Kovalchuk’s proposed contract with the New Jersey Devils.
The NHLPA needs to win the fight from within. It needs to stick with the process, avoid easy answers and find a new, fresh, energized, focussed leader, one tied to this sport and tomorrow, not some other sport and yesterday
-Damien Cox of the Toronto Star. More from Damien at his Spin blog.
from Craig Custance of The Sporting News,
A decision will finally be made on Ilya Kovalchuk’s latest contract.
Maybe. The league and the NHLPA agreed on a 5 p.m. ET Friday deadline, one that is fast approaching, and one that will reveal whether the league will approve the 15-year, $100 million contract the New Jersey Devils have submitted.
That is unless, of course, another extension is granted. And that appears to be a possibility as the sides work to negotiate parameters in which long-term contracts will be approved moving forward.
“They’re trying to work something where everybody will win,” an NHL source told Sporting News. “It’s possible both sides are going to come out looking good.”
It’s a definite temperature change from Wednesday evening when the New York Post reported that an ultimatum was issued by the league to the players, saying it would approve the Kovalchuk deal only if specific rules were put in place regarding future long-term contracts.
The league was quick to deny issuing any ultimatum.
“It certainly seems unfair they’re going after guys that they approved but there is also nothing in the CBA that says they can’t do it. The league is using the language to their advantage, I suppose.
“Right now, there are a lot of moving parts between both sides and one of their threats is to go back and re-investigate some of the contracts with Luongo being one and [Marian] Hossa being another. That’s something we don’t really want to see but it’s a valid threat by them. We’re not sure how it’s going to come out. That’s for the lawyers to negotiate and we’ll see what comes of it.”
-Dan Hamhuis of the Vancouver Canucks. More players comment in a story from Elliott Pap of the Vancouver Sun.
from Larry Brooks of the NY Post,
The NHLPA remains without an executive director after Wednesday night’s conference call among the 30 player reps comprising the union’s executive board adjourned without taking a vote on installing Donald Fehr to the position, The Post has learned….
Fehr, who told the PA’s search committee last week that he would accept the position of executive director, has given the executive board his conditions for employment.
- Salary of $3M per year to run through completion of collective bargaining after the current CBA expires following the 2011-12 season.
- Salary of $1.5M for the remainder of this year.
Making a deal is common sense, for now and the future. But, as Jerry Seinfeld once said, the problem with common sense? It’s not that common.
Hopefully, this will be the exception.
-Elliotte Friedman of CBC. More from Friedman about the contract situations involving Kovalchuk and others.
About Kukla's Korner Hockey
Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.
From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.
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