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Looking At Luongo’s Contract

from Matthew Sekeres of the Globe and Mail,

The immediate reaction is arbitrator Richard Bloch dropped a potential mess on the Vancouver Canucks’ doorstep Monday with his explosive ruling that goaltender Roberto Luongo’s contract could be retroactively voided.

Canucks general manager Mike Gillis is not commenting on the decision at the NHL’s request, but you have to wonder whether he smiled wryly when Bloch tossed out Ilya Kovalchuk’s record-breaking deal with the New Jersey Devils. That 17-year, $102-million (all currencies U.S.) deal is similar to Luongo’s 12-year, $64 million contract, and the latter remains under league investigation “with at least the possibility of a subsequent withdrawal of the registration,” Bloch wrote.

The league would have to move quickly to revoke Luongo’s deal – the regular season starts on Oct. 7 – but in that unlikely event, hitting the re-start button could benefit the Canucks in the long-term, particularly if Luongo’s play continues to slip.

continued

Filed in: NHL Teams, Vancouver Canucks, NHL Talk, | KK Hockey | Permalink
  Tags: roberto+luongo

Comments

Hank1974's avatar

After seeing Luongo implode in the last two postseasons, I’m thinking Gillis is going to kiss Gary Bettman’s behind if he’s able to void Lou’s 12-year contract.

Posted by Hank1974 on 08/10/10 at 09:37 PM ET

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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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