Arbitration for 17-yr deal
ByReuters
Updated 27/07/2010 at 15:47 GMT
Ilya Kovalchuk's 17-year, $102 million contract with the New Jersey Devils will go to arbitration after the NHL Players Association filed a grievance against the league on Monday for rejecting the deal.
New Jersey Devils NHL hockey player Ilya Kovalchuk
Image credit: Reuters
The NHL has refused to approve the contract, claiming it is an attempt by the Devils to circumvent the league's salary cap.
"The NHLPA has filed a grievance disputing the NHL's rejection of the standard player contract between the New Jersey Devils and Ilya Kovalchuk," the NHLPA said in a statement.
"Under the terms of the CBA (collective bargaining agreement), the NHLPA and Mr. Kovalchuk are entitled to an expedited resolution of this matter."
The high-scoring Russian winger was scheduled to earn $95 million over the first 10 years of the contract and then $7 million over the last seven.
The final five-years of the deal have Kovalchuk scheduled to earn a modest $550,000, reducing the annual salary cap hit to the Devils to $6 million.
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