Kovalchuk Signs Deal, A Very LONG Deal

So Kovalchuk is here to stay and the numbers that surround his name are astounding. Obivously there will be changes made in order for the Devils to meet the NHL Salary Cap. Problem is, who goes? According to Capgeek.com, the following players have NTC/NMC in their contract: Elias, Rolston, Arnott, Langenbrunner, Volchenkov, White, Salvador, Brodur and Hedberg but I will get to this in a minute.
The unofficial numbers came in last night and they are 17 years at $102 million with a contract that is front loaded. If the unofficial numbers are right, Kovalchuk will receive 6 million per for the next 2 years and then get a nice raise after that. He'll make 11.5 million for 5 seasons, 10.5 the year after that and then watch the yearly number take a dive each season. Rumors were circulating yesterday that the contract is setup so that Kovalchuk doesn't have to play the entire 17, he could retire, get most of his money and the Devils wouldn't be on the hook for the contract once he retired BUT even talking about that scenario with a player isn't really allowed. The Devils aren't the first to do this with contracts, just look at Luongo's or Hossa's numbers. Kovalchuk contract includes a no-movement clause through June 30, 2017 and a no-trade clause begins on July 1, 2018. That gives NJ a one year window to move Kovalchuk should something not be going right. By the end of the seventh season when that trade window opens, the Devils will have paid Kovalchuk $69.5 million of the $102 million total.
More thoughts after the jump








When I woke up on Monday morning I was pretty convinced that Ilya Kovalchuk was going to sign with the Los Angeles Kings and I was ok with that. In fact, I was more than ok with that. Then came a story out of the LA Times that the Kings were out, the tweet by Kovalchuk's agent and the story in the NY Post saying that Kovalchuk was close to signing with NJ and my mind started to think about the possibilities. Now, on Wednesday night, I am back to being done with Kovalchuk.
All was pretty quiet yesterday until around 12:30pm when Ilya Kovalchuk's agent sent out a tweet that got everyone moving yesterday. Jay Grossman posted on his Twitter account: “Ilya Kovalchuk looking to make decision on his future today.” That was quickly followed up by a report in the NY Post saying it was the Devils who were going to land him for 7 years at $60 million dollars. Then, everything just stopped. Later in the evening, Jay Grossman again hit Twitter with “Ilya Kovalchuk choices have been narrowed down, details to be finalized but no announcement tonight.” Don't you just love agents??
The first day of free agency in the NHL is in the books and it certainly proved to be a crazy day. There were a number of things done yesterday that had me scratching my head. For example, take the smart signing of Martin Biron by the Rangers only to follow up with a multiyear deal for Boogaard who has 2 goals in 5 years and who's only contribution on the ice is pounding other guys in the face. That icing on the cake for the day though had to belong to the Calgary Flames who brought back Olli Jokinen, a guy they couldn't get rid of fast enough last season.
The Devils have two of the biggest unrestricted free agent names coming off the books tomorrow. Both
both Kovalchuk and Martin would want in dollars, the Devils probably won’t retain both of them. While the Devils have made some big signings in the past few years, the latest being