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09/03/2010 - Toronto, ON (Sportsbook Betting Lines) - Ilya Kovalchuk will finally join the New Jersey Devils after his re-submitted contract was reportedly approved by the National Hockey League.
Additionally, according to TSN of Canada, the league and the NHL Players' Association reached an agreement on an amendment to the rules that govern long-term contracts. A report from The Record in New Jersey states that new guidelines will be implemented regarding how the salary cap hit would be calculated for long-term deals that go beyond the ages of 35 and 40.
Kovalchuk's initial 17-year, $102 million deal with the Devils was rejected by the league on the grounds that it circumvented the league's salary cap. The deal was front-loaded so Kovalchuk could have earned as much money as possible while providing the lowest possible cap hit for the team.
The NHL Players' Association filed a grievance on Kovalchuk's behalf, but an arbitrator ruled in favor of the league. His second deal is worth a reported $100 million over 15 years, which provides an annual cap hit of $6.66 million.
The rejection of the contract provided much debate throughout the league in terms of "lifetime" contracts given to players that have helped reduce the yearly salary cap hit. Several players in previous years signed deals that took them past 40 years of age and saw the annual salary dip below $1 million in the final years of the contract.
Because of the league rules on player contracts after the age of 35, it was conceivable that someone could retire before the deal had expired, wiping the contract off the salary cap. This rule allowed teams to sign players to front-loaded contracts to benefit both the team and player.
With the new guidelines in place regarding long-term deals and the CBA negotiations that will occur in the next few years, it is likely that Kovalchuk's contract is the last of its kind. Additionally, according to the report in The Record, similar contracts that have been signed previously will not be affected by the new rules.
Kovalchuk's deal will reportedly take the team about $3 million over the salary cap with 21 players under contract, and the Devils will have to get under the $59.4 million cap before the beginning of the season while adding two more players to the roster.
Kovalchuk posted 41 goals and 85 points in 76 games last season, 10 goals and 27 points coming in 27 games with New Jersey. In a five-game first-round playoff loss, the 27-year-old added two goals and six points.
In 621 games since entering the league in 2001, the Russian star has accumulated 338 goals and 642 points with Atlanta and New Jersey.
<< Steelers start cuts, drop 10 players
Pittsburgh, PA (Sportsbook Betting Lines) - The Steelers released 10 players on Friday,
getting an early start on personnel moves in advance of the NFL's 6 p.m. (et)
Saturday deadline to reduce rosters to 53 players.
The players released were tight
<< White Sox activate Thornton from DL
Boston, MA (Sportsbook Betting Lines) - The Chicago White Sox have activated reliever
Matt Thornton from the 15-day disabled list.
Thornton had been on the DL since August 18 with left elbow inflammation. He
is 3-4 with a 2.66 earned run average
<< Marlins recall Leroux, Cousins
Miami, FL (Sportsbook Betting Lines) - The Florida Marlins announced Friday the recall
of pitcher Chris Leroux and outfielder Scott Cousins from Triple-A New
Orleans.
Leroux has spent parts of 2010 and 2009 with the Marlins, pitching in 19 t
<< Houston tries to build momentum against San Jose
Houston, TX (Sportsbook Betting Lines) - The playoff hopes of the Houston Dynamo
continue to slip away as the club gets set to host the San Jose Earthquakes on
Sunday at Robertson Stadium.
Houston snapped a 10-game winless skid with a 4-3 wi
Cook returns from DL to start for Rockies >>
San Diego, CA (Sportsbook Betting Lines) - The Colorado Rockies have activated pitcher
Aaron Cook from the 15-day disabled list in time to start Friday's series
opener at San Diego.
Cook missed 27 games while sidelined with a sprained right big
Padres recall Russell >>
San Diego, CA (Sportsbook Betting Lines) - The San Diego Padres have recalled right-
hander Adam Russell from Triple-A Portland.
It will be Russell's fourth stint with the Padres this season. In six games
earlier this year, the 27-year-old ga
Cardinals release 16 players >>
Tempe, AZ (Sportsbook Betting Lines) - The Arizona Cardinals pared down their roster on
Friday, releasing 16 players ahead of Saturday's deadline to reduce the active
roster to 53 players.
The club announced the release of the following players: l
Broncos' LenDale White out for season >>
Englewood, CO (Sportsbook Betting Lines) - Denver Broncos running back LenDale White
was placed on injured reserve Friday and will miss the 2010 season with a torn
Achilles tendon.
White was hurt during the second quarter of Thursday's 31-24 prese
JUPITER, Fla. -- The Foorida Marlins are preparing for the likelihood that right-hander
Josh Johnson won't be ready when the season starts April 2.
Grapefruit League action starts Wednesday, but Johnson, penciled in as the No. 2 starter, hasn't even thrown off a mound at full speed since September. He's experienced some soreness in his right forearm.
MySportsbook.com have the Marlins listed with baseball betting lines at +800 to win the NL East this season .
''You guys know the math. If he's not on the hill then he becomes an opening day roster issue,'' manager Fredi Gonzalez said Saturday. ''We're borderline now.''
Johnson, who finished 12-7 with a 3.10 ERA in 2007, was supposed to throw on flat ground Saturday. That was canceled when he woke up with pain.
He played catch on Wednesday with no pain but felt discomfort in a throwing session on Thursday. He's expected to try again Sunday.
''Like we always said from the very beginning, we're going to take it easy on him,'' Gonzalez said. ''He didn't feel right, so we shut him down. We're going to take it back to step one and see where we're at.''
Among the candidates to take Johnson's spot in the rotation are left-hander Chris George and right-handers Yusmeiro Petit and Jose Garcia.
Right-hander Sergio Mitre, who missed most of last season with arm and shoulder problems, also is behind.
With Johnson's status doubtful, Gonzalez said right-hander Ricky Nolasco will stay in the rotation and no longer will be considered a candidate for closer.
Additional basbeall odds can be found at: www.MySportsbook.com
To visit this online sportsbook got to MySportsbook.com - this sportsbook accepts credit cards.
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