Kukla's Korner Hockey
by Paul on 09/02/10 at 12:21 AM ET
from Larry Brooks of the NY Post,
The NHL has given the NHLPA an ultimatum regarding the contested front-loaded contract of not only the Devils’ Ilya Kovalchuk, but Vancouver’s Roberto Luongo and Chicago’s Marian Hossa, as well, The Post has learned.
A well placed source reports that the league has informed the Players’ Assn. that the league will grandfather the recently submitted Kovalchuk 15-year, $100M contract, Luongo’s 12-year, $64M deal that is entering its second season and Hossa’s 12-year, $63.3M deal that also is entering its second season into the CBA under the following conditions:
1. That the cap hit on future multi-year contracts will not count any seasons that end with the player over 40 years of age. The cap hit would be calculated on the average of the salary up through age 40 only.
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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.
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