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07/26/2010 - Toronto, ON (Sportsbook Betting Lines) - Ilya Kovalchuk's free agency saga took another turn on Monday when the NHL Players' Association filed a grievance on behalf of the Russian superstar who had his 17-year, $102 million contract with New Jersey rejected by the league.
"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, the NHLPA and Mr. Kovalchuk are entitled to an expedited resolution of this matter. The NHLPA will have no further comment until this matter has been resolved by an arbitrator."
The NHL rejected the record deal last week on grounds that it circumvented the league's salary cap. The rejection was likely due to the way the deal is structured, which was previously reported by the Newark Star-Ledger. He was due to earn $6 million in each of the next two seasons, $11.5 million from 2012-17 and $10.5 million the following year. The salary was scheduled to fall off after that until he made $550,000 annually in the final five years of the deal. He would have been 44 years old when the contract was set to conclude in 2027.
The way the current collective bargaining agreement is structured, a player who signs a deal before the age of 35 can eventually retire and have his contract come off a team's salary cap; however, teams must negotiate in a good faith effort to have the player remain in the league for the duration of the contract. It appears the Devils frontloaded the deal so Kovalchuk could have earned as much money as possible while providing the lowest possible cap hit for the team.
The next step in the process is to find an arbitrator to rule on the case. Once selected, that individual will have 48 hours to decide on an outcome. Kovalchuk will either have his contract with New Jersey upheld or he will once again become an unrestricted free agent, allowing the 27-year-old left winger to sign with any team, should the arbitrator side with the NHL.
Similar investigations were also launched last offseason for Philadelphia's Chris Pronger and Chicago's Marian Hossa, but the league did not void either of those contracts. Pronger signed a seven-year extension worth $35 million, where he makes $525,000 in each of the final two seasons, while Hossa makes $1 million or less in each of the final four years of his 12-year, $62 million deal.
Kovalchuk registered 41 goals and 44 assists in 76 games split between Atlanta and New Jersey last season.
<< Inter Milan brass taking massive gamble with Balotelli sale
Toronto, Canada (Sportsbook Betting Lines) - With reports surfacing that Inter Milan are
prepared to transfer Mario Balotelli to Manchester City for a fee in the range
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at an
<< Gasquet rolls; Robredo exits Gstaad
Gstaad, Switzerland (Sportsbook Betting Lines) - Former top-10 Frenchman Richard Gasquet
reached the second round, while fifth-seeded Spaniard Tommy Robredo came up a
first-round loser Monday at the Swiss Open.
The seventh-seeded Gasquet grounded U
<< This Week in Golf - July 29th through August 1st
Philadelphia, PA (Sportsbook Betting Lines) - WOMEN'S BRITISH OPEN, Royal Birkdale Golf
Club, Southport, England - The women remain in Europe this week for the fourth
and final major of their season, the Women's British Open.
Catriona Matthew was th
<< NHLPA files grievance against NHL over Kovalchuk
TORONTO (AP) -The National Hockey League Players' Association has filed a grievance over the league's rejection of the contract between Ilya Kovalchuk and the New Jersey Devils.The league rejected the landmark 17-year, $102 million contract last wee
Rachel Alexandra gains spot in poll after Monmouth victory >>
New York, NY (Sportsbook Betting Lines) - Reigning Horse of the Year Rachel Alexandra
moved into third in the latest NTRA National Thoroughbred Poll. The four-year-
old filly advanced one position following a win Saturday at Monmouth Park.
Owned b
Hornets GM says Paul did not ask for trade at meeting >>
New Orleans, LA (Sportsbook Betting Lines) - Three-time All-Star point guard Chris Paul
met with Hornets management Monday, and new general manager Dell Demps
reportedly said Paul did not ask to be traded.
According to The Times-Picayune, D
Zakuani claims MLS POW award with brace against Rapids >>
New York, NY (Sportsbook Betting Lines) - Steve Zakuani of Seattle Sounders FC was
voted Major League Soccer Player of the Week for Week 17 of the 2010 MLS
season on Monday.
Zakuani scored both of Seattle's goals in a 2-1 win over the Co
Overdue Fish finally hits his stride >>
Philadelphia, PA (Sportsbook Betting Lines) - Minnesota native Mardy Fish is currently
enjoying the best stretch of his tennis career since joining the pro ranks 10
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Don't look now, but the 28-year-old American has now won his last two
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It’s time to see how the biggest NFL free agent signings will perform for their news teams. Some will work out and could be the difference that makes a difference in the win column.
We look at the best off-season signings and if they should influence your NFL betting this season. Julius Peppers – Peppers was the biggest prize available on the 2010 NFL free agent market and the Chicago Bears opened the bank to bring his talents to the south side.
Peppers is explosive, he can get around blockers and cause quarterbacks to lose their minds. We all remember the classic Peppers game last year against the Vikings where he hounded Brett Favre into his worst game of the season. Peppers joining the Bears could be the reason Favre retired for good Tuesday morning. In addition to Peppers, the Bears added Chester Taylor to back up Matt Forte, Forte didn’t have the same intensity in 2009 compared to 2008 and bringing in Taylor will challenge Forte to bring it every game or he’ll risk losing carries to Taylor.
Betting on the Bears is a good option this season because of Julius Peppers and to a lesser extent Taylor. Antonio Bryant and Terrell Owens – The Cincinnati Bengals signed two former number one wide receivers to line up with Chad Ocho Cinco. Antonio Bryant had a huge season in 2008 catching 83 passes for over 1200 yards but regressed last season. Playing for the Tampa Bay Bucs last season was a large part of the regression, everyone was bad in TB last season.
Bryant should have a bounce back season if he can win the number two spot from Terrell Owens. If Bryant wins the number 2 WR spot, it will open up a completely new set of problems for the Bengals. If Owens is forced to the bench in favor of Bryant, his attitude will create trouble for Carson Palmer and head coach Marv Lewis. If Owens is the number two receiver, it means Bryant can’t live up to his past numbers and the Bengals are still limited in the passing game. NFL bettors should be wary of laying their money down on what could potentially be the biggest gong show in the league in 2010. 2010 football betting lines for this can be found at this top online sportsbook. Karlos Danby – The Miami Dolphins have a great running back tandem in Ricky Williams and Ronnie Brown, a good young QB in Chad Henne and now the Bill Parcells regime is building a solid defense.
NFL bettors should be wary of laying their money down on what could potentially be the biggest gong show in the league in 2010. Karlos Danby – The Miami Dolphins have a great running back tandem in Ricky Williams and Ronnie Brown, a good young QB in Chad Henne and now the Bill Parcells regime is building a solid defense. They signed away the Arizona Cardinals top linebacker Karlos Danby. In the past two seasons, Danby has totaled 228 tackles, 5 sacks, 3 interceptions and 3 forced fumbles. The Dolphins are the forgotten team of the AFC East with the second longest odds to win the division but with the addition of Karlos Danby and a trade for WR Brandon Marshall makes the Miami Dolphins legitimate contenders in the AFC East and in the NFL’s Eastern Conference.
The Dolphins will make NFL wagering fans a lot of money this season, get in early and enjoy the cash.
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