Tuesday, July 20, 2010

NHL Says No To Kovalchuk Deal


Well I guess there is a first for everything. In a time where the only proposed deals we ever see rejected are in fantasy pools; the NHL made a bold move and rejected the New Jersey Devils deal to sign Ilya Kovalchuk to a 17 year deal worth over $100 million. Just when everybody assumed the deal was complete, out of nowhere the NHL comes out and says “No!”

Online Sports Betting


When you take part in sports betting online, it pays to follow what is going on in sports news, and more specifically, contract negotiations. Although the New Jersey Devils held a news conference Tuesday announcing the 17 year deal, the NHL ultimately holds all the cards and can vito a decision at any time. The structure of the deal was heavily front loaded, with Kovalchuk only making $550,000 in each of the last 5 years of the contract which most likely Kovalchuk wouldn’t have played out. The NHL is claiming that the New Jersey Devils have found a loophole in the Collective Bargaining Agreement (CBA) which restricts the amount of money a team can play a player for 1 season. If you take part in online fantasy pools or online sports betting, now would be a good time on placing NHL future wagers on certain teams making or not making the playoffs based on what deals are happening in the off season.



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