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Ilya Kovalchuk’s new 17-year contract with the New Jersey Devils has sparked more talk in the NHL than just free agent signings and trades.
This monstrous deal, along with several other recent signings, has reignited the fierce debate over the league’s salary cap and collective bargaining agreement (CBA).
The experts have all had their say, now it’s time for fans to weigh in on one of the NHL’s biggest issues.
Let’s start by examining
Mr. Kovalchuk’s long-term agreement with the Devils, which peaks at $11.5 million/year from 2012-2017, before dropping to $550K for the last five years of the contract.
After all is said and done, the Russian sniper’s cap hit is only $6 million/year. If Kovalchuk retires early—you know, before he turns 44—then the Devils will have to pay the remainder of the money but it will not count against the cap.
This type of front-loaded contract has received a lot of criticism from the media, as well as NHL investigations, over the past year. (See
Chris Pronger and
Marian Hossa)
Basically, the Devils could’ve signed Kovalchuk for 25 years and it wouldn’t have mattered, as long as the league approved the deal. It’s a loophole in the CBA that allows teams to lower the cap hit of elite players without holding them responsible for the ethical implications of these kinds of deals.
There’s no doubt that he will retire before the contract ends, and per the current NHL regulations, the Devils will see no repercussions for their unethical deal.
Why unethical?
Think of this way: is it still wrong to break the rules when you know you won’t get caught?
Just because there’s a loopholes, it does not give teams the right to take advantage of the system.