-After we all thought that the Ilya Kovalchuk saga was over after he signed a 17 year, $102 million contract with New Jersey, it is now just the beginning. The NHL announced a little after the press conference to introduce Kovalchuk that the league rejected the deal for salary cap circumvention. One problem is that he would only earn $550,000 the last five seasons in the contract. The NHL believes New Jersey just did that for a low cap hit. In addition, Kovalchuk probably would not play under those terms for five years.The deal was the longest NHL deal ever, but that could change. The Devils will need to restructure the contract or an arbiter will have to have to decide what happens next. If the arbiter's ruling goes in Kovalchuk's favor, then the contract will have to be accepted. If the league wins the ruling, then Kovalchuk will hit the open market once again.
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