NEWARK, N.J. (AP) — A person familiar with the issues raised says the NHL is rejecting Ilya Kovalchuk’s 17-year, $102 million contract with the New Jersey Devils because it circumvents the league’s salary cap.
Speaking on condition of anonymity because the NHL has not announced the decision to void the deal, the person tells The Associated Press on Tuesday night that Kovalchuk’s contract is illegal because the years of low salary at the end of the contract were added for the sole purpose of lowering the cap hit.
The person added that no side believes Kovalchuk will play the final years of the deal at the low salary numbers that were agreed to in the deal. The star forward was slated to earn only $550,000 in each of the last five seasons of the contract.
