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Russians Want Millions For Malkin

from Reuters,
"I've already made up my mind for next season -- I'll be leaving for the NHL. I'm 100 percent sure of that," Malkin, who has a contract with Metallurg through 2008, was quoted as saying by Sport-Express newspaper. His move across the Atlantic, however, could be delayed because Russia remains the only major hockey power not to sign a transfer agreement with the NHL. Under the agreement, approved by the International Ice Hockey Federation last year, Metallurg would have received $900,000 for Malkin. But Magnitogorsk general director Gennady Velichkin threatened to go to court if Pittsburgh do not buy out Malkin's contract. "We're not asking for ($900,000) compensation from Penguins. Such a sum is a handout and we're not interested in handouts," Velichkin told Russian media. "Put simply, they must buy his contract from us." Asked how much money Metallurg were looking to receive for Malkin, Velichkin said his transfer would be worth millions of dollars, similar to what soccer clubs pay for top players.

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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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