- NHLPA: Press Release: NHL, NHLPA Reach Agreement Governing Long-Term Contracts; Kovalchuk Contract Registered; Four Circumvention Investigations Dropped.
- Darren Dreger of TSN: Dreger explains the 2 amendments that were made concerning long-term contracts.
- Tom Gulitti via twitter: The Devils could still be fined by the NHL as the first contract was ruled as ‘circumvention’, not wiped out by the new agreement.
- Darren Dreger via twitter: “35 yr old player signs 7 yr deal, the first 5 yrs of determine aav. Cap hit in year 6 + 7 would be actual value of his deal in those yrs.”
- Tom Gulitti via twitter: The players age is taken on June 30th, at the end of that season.
The new amendments don’t affect Kovalchuk’s deal, but if they did:
- Tom Gulitti via twitter: Kovalchuk’s cap hit for the first 14 years would be $6,857,143 (instead of $6,666,667), 15th year would have been $4 million. Devils saved less than $200,000 against the cap for the first 14 years. Devil would have saved $2,666,667 in the 15 year if under the new rules.