Ilya Kovalchuk Free Agency

Palffy3314
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Joined: 1:45 AM - May 25, 2006

2:28 AM - Jul 21, 2010 #1

Anyone else been paying attention to this? By far the strangest free agency period ever, thanks to Kovalchuk and his agent. Even if you are not a fan of the NHL, you gotta look up the stories on this. I'll try to explain, but I'm not sure if it will be any good.

Let's start out by saying Ilya Kovalchuk is the top scorer over the last 8 seasons...meaning he has not lead the league in each of those seasons, but he has altogether scored the most goals over that period of time. He is 27, and hit the free agency market on July 1st. His team at the time, which he had spent all of his career with (the Atlanta Thrashers) offered him 101 million over 10 seasons. He rejected, and was traded to the New Jersey Devils, who got knocked out of the playoffs in the first round...losing 4 games to 1 in a best of 7 series. Then July 1st comes. My team (the Los Angeles Kings) were believed to be big players in trying to sign him, and it was well-known he wanted to come here. The Kings are an up and coming team, and most NHL teams don't have the cap space to sign a player like Kovalchuk...so it seemed like a perfect fit. It went like this:

Negotiations start, Los Angeles Kings and New Jersey Devils are only rumored teams to be after him.

He wants too much, so the Kings say no. Then all of a sudden, a darkhorse team comes in and supposedly offers him 100 million over 10 seasons. Nothing ever happened with that.

Rumors say that he is close to inking a deal with the Devils...doesn't happen.

He then comes back to the Kings with a counter offer...too much. This happened 5 or 6 different times of it looking dead, and him coming back to the Kings trying to make something work. He wants too much.

So 2 days ago, the Devils make a ridiculous bid and sign him to something like a 100 million dollar deal over 17 seasons. He is 27 now, which means he would be playing til he's 44. Not likely, and teams have been finding crazy ways to "beat" the salary cap since it was implemented in 2005 with these long-term contracts.

Just about an hour ago, the NHL actually puts their foot down and says no. They rejected the contract. It's really been crazy and entertaining, you should really read up on it if you get a chance.
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Joined: 5:20 AM - Jan 26, 2006

7:46 AM - Jul 21, 2010 #2

Why would 100M over 17 years be more attractive than 100M over 10 years?
Let's start out by saying Ilya Kovalchuk is the top scorer over the last 8 seasons...meaning he has not lead the league in each of those seasons, but he has altogether scored the most goals over that period of time.
Most goals scored over that time, or more 2*goals + assists over that period of time? Or both?
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TheGuru
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TheGuru
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Joined: 8:58 PM - Jan 25, 2006

2:55 PM - Jul 21, 2010 #3

Yeah I don't see how the NHL, nor ANY team, would want to sign someone to a SEVENTEEN year contract.
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Raider
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Joined: 2:32 AM - Jan 26, 2006

3:03 PM - Jul 21, 2010 #4

TheGuru @ Jul 21 2010, 08:55 AM wrote: Yeah I don't see how the NHL, nor ANY team, would want to sign someone to a SEVENTEEN year contract.
Most contracts in sports are signed knowing they won't be fully completed. I'm guessing this was just a "loophole" they were trying out.
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hsmall111
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Joined: 2:54 AM - Feb 04, 2006

8:00 PM - Jul 21, 2010 #5

Yeah I don't see how the NHL, nor ANY team, would want to sign someone to a SEVENTEEN year contract.
By frontloading an extended deal, it brings down the yearly cap hit a team faces. Interesting the NHL draws an arbitrary line in the sand on these deals now, when teams having been doing these for a while like Palffy said and this is what they setup when they neogtiated the CBA.
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Palffy3314
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Joined: 1:45 AM - May 25, 2006

11:08 PM - Jul 21, 2010 #6

Yeah, because the cap hit is the yearly average they would be making. I think Kovalchuk's would've averaged out to something like 5.7M cap hit (for each season, even if he was making 11 million one year and less the next.)
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Joined: 5:20 AM - Jan 26, 2006

9:55 PM - Jul 22, 2010 #7

But for him, he's making less per year.
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Palffy3314
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5:49 AM - Jul 23, 2010 #8

Statalyzer @ Jul 22 2010, 02:55 PM wrote: But for him, he's making less per year.
Yeah, but it won't matter because he'd still be making 100 million altogether. If he retires before the contract ends, I'm pretty sure he still makes the money (which is stupid.)
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Joined: 5:20 AM - Jan 26, 2006

7:42 AM - Jul 23, 2010 #9

True, but if he makes it in 10 years instead of 17, then in the 11th year he can re-sign or sign elsewhere and make even more during those 7 and after 17 he'll have made more. Not that "more" really matters when you're that loaded...
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Palffy3314
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8:23 PM - Jul 23, 2010 #10

Statalyzer @ Jul 23 2010, 12:42 AM wrote: True, but if he makes it in 10 years instead of 17, then in the 11th year he can re-sign or sign elsewhere and make even more during those 7 and after 17 he'll have made more. Not that "more" really matters when you're that loaded...
Yeah, but not too many teams will be going after a 37 year old player. Most NHL players retire around that time, too which is why this deal is completely ridiculous lol.
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Palffy3314
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11:05 PM - Aug 09, 2010 #11

The contract was rejected today. Kovalchuk is a free agent once again.
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Joined: 5:20 AM - Jan 26, 2006

2:00 AM - Aug 10, 2010 #12

Wow ... so he didn't even sign an altered version of the deal that had him paid over a resonable number of seasons for his career? Is he just wanting unreasonable amounts of cash?
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Palffy3314
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1:12 PM - Aug 10, 2010 #13

Statalyzer @ Aug 9 2010, 07:00 PM wrote: Wow ... so he didn't even sign an altered version of the deal that had him paid over a resonable number of seasons for his career? Is he just wanting unreasonable amounts of cash?
He will probably work out another deal with New Jersey, but still make a ridiculous amount of money.
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