Ilya Kovalchuk's stunning contract with the Devils: By the numbers

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ilyakovalchuk6.jpgRich Chere from the Newark Star-Ledger is the bearer of bad news for fans of fiscal responsibility as we know it as he gives us the official not-yet official (Tom Gulitti tweets that it’s not official yet but the NHL approving it won’t be an issue) contract numbers on the deal signed by Ilya Kovalchuk with the New Jersey Devils. Take a look at how things break down.

Ilya Kovalchuk’s blockbuster 17-year contract with the Devils is finally complete and approved by the NHL.

Here are the details of the deal, which has been filed with the NHL and NHL Players’ Association:

2010-11: $6 million
2011-12: $6 million
2012-13: $11.5 million
2013-14: $11.5 million
2014-15: $11.5 million
2015-16: $11.5 million
2016-17: $11.5 million
2017-18: $10.5 million
2018-19: $8.5 million
2019-20: $6.5 million
2020-21: $3.5 Million
2021-22: $750,000
2022-23: $550,000
2023-24: $550,000
2024-25: $550,000
2025-26: $550,000
2026-27: $550,000

Obviously, the most laughable part of it all is how the final five years of the contract pay out at a paltry $550,000 a year. Of course, those years are when Kovalchuk would be between the ages of 39-44 and could very well be done with hockey by that point, thus making it much easier for the Devils (or anyone else) to buy out his contract for an amount that won’t do anything to fudge with a team’s salary cap.

As for the meat and bones of the deal, think about this, when Ilya Kovalchuk is 34 years-old, he’ll be making $10.5 million that season. While the cap hit is all that matters in NHL economics it’s still an absolutely staggering number and one that not a lot of folks are too pleased with. Michael Russo of the Minneapolis Star-Tribune was one of the first to break the rumored and now official numbers and sounded off about the nature of deals like this and the snark is warm.

Take Ilya Kovalchuk’s contract: He signed a deal today with New Jersey for $102 million over 17 years for an annual cap hit of $6 million. He’s allegedly going to play until he’s 44, averaging $583,000 a year the final SIX years of his contract.

The NHL is allegedly “investigating” drastically-frontloaded contracts like Chris Pronger’s, Roberto Luongo’s, Marian Hossa’s, Johan Franzen’s and Henrik Zetterberg to see if there is any evidence of talk of retirement.

Even writing that sentence, I literally laughed out loud.

 

What’s stunning about this truly incredible deal is that this is all working on the assumption that the league won’t be locked out two or even three times by the time the deal reaches those waning years where Kovalchuk will be making what amounts to be the league minimum.

To put this in some kind of bizarro perspective, simply put, for the kind of player that the NHL has never seen reach unrestricted free agency, a bonafide superstar with talent beyond belief, it’s only fair that we’re seeing a mind-bending contract the likes of which we’ve never seen before and likely never will again. Even in the gigantic contracts used to sign the likes of Henrik Zetterberg, Chris Pronger and Marian Hossa, we’ve not seen one that had the numbers jump and dive so much before all in an effort to keep both the cap number down and to make the deal as pain-free for the signing team when the player reaches his twilight seasons.

Of course, not a lot of that means squat to most fans. They see a contract that goes on for an enternity that has an ultimate total that goes into nine (!!!) figures and in a league where greatness is appreciated while the fans still have some sense of grounded modesty, the reverberations are huge. While Ilya Kovalchuk might be on the fringe of the media spotlight in New Jersey, he’s now the major superstar the Devils franchise has never had before and he’s their guy for the next 17 seasons. Here’s to hoping that the Hockey Gods don’t frown upon a superstar getting rewarded.

NCAA standout Foo leaving school, will sign NHL deal this summer

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Spencer Foo, who racked up a whopping 62 points in 38 games this year for Union College, is forgoing his senior season to achieve his “life long dream of playing in the NHL.”

Where that dream takes place remains to be seen.

Foo, 22, won’t be back at Union in the fall, but will complete his spring term at Union and not sign with a pro organization until summer, per the Daily Gazette. The decision comes after a banner three seasons in school, capped off with a junior campaign in which he was nominated for ECAC Hockey Player of the Year and shortlisted for the Hobey Baker.

Foo has reportedly drawn interest from the Flyers. There have also been rumblings of the Oilers being in the mix — Foo is an Edmonton native — but it appears nearly every team has some level of interest. Consider this, from LA Kings Insider:

The Kings are among the teams involved in [Foo’s] courtship, and asked where the stiffest competition was coming from, I was told, “about 29 other teams.”

Foo is an undrafted free agent, so there’s no real rush for him to make a decision. Sounds like NHL teams are more than willing to wait it out.

Announcing the Hobey Hat Trick: Aston-Reese, Butcher, Vecchione

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Northeastern’s Zach Aston-Reese, Denver’s Will Butcher, and Union’s Mike Vecchione are the three finalists for the Hobey Baker Award.

Aston-Reese, a 22-year-old forward, had 31 goals and 32 assists in 38 games this season. Undrafted, he signed with the Pittsburgh Penguins earlier this month.

Butcher, a 22-year-old defenseman, had seven goals and 29 assists in 41 games for the Frozen Four-headed Pioneers. A fifth-round pick of the Avalanche in 2013, Butcher is still unsigned and is eligible to become an unrestricted free agent Aug. 15. It remains to be seen if the Avs will offer him a contract, though it’s been reported they will.

Vecchione, a 24-year-old forward, had 29 goals and 34 assists in 38 games. Undrafted, he’s expected to sign with an NHL team shortly — possibly the Flyers or Wild.

Jimmy Vesey, Jack Eichel, and Johnny Gaudreau were the Hobey Baker winners in each of the last three years.

After 12-game absence, Boychuk back for Isles

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The New York Islanders, four points back of the final wild card spot in the Eastern Conference and having lost their last two games, will get a huge boost tonight on the blueline.

Johnny Boychuk, who’s missed the last 12 games with a lower-body injury, will return to the lineup on Thursday when the Isles take on the Flyers in Philadelphia. It’ll mark the first time the veteran defenseman has played since getting hurt back on Mar. 3.

(Boychuk draws in at the expense of Thomas Hickey, who’ll sit tonight.)

Needless to say, this is a massive addition for the Isles. Boychuk was averaging close to 21 minutes per night and had 21 points through 59 games before his injury, and led all New York defensemen in shots on goal.

The Isles are going to be an interesting team to watch down the stretch. It’s tough sledding, with five of their final seven contests being played on the road, though that’s mitigated by the fact they’re playing a bunch of teams outside of the playoff picture (Philly, New Jersey x2, Buffalo and Carolina).

McAvoy has the talent to improve Bruins right now

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Charlie McAvoy could be in the Providence Bruins’ lineup as soon as Friday against Albany.

Providence also plays Saturday and Sunday, so even if it’s not Friday, the 19-year-old defenseman is expected to get his first taste of pro hockey sometime this weekend.

Of course, the real question is when his Boston Bruins debut may occur.

“He has the attributes to be able to play NHL games right now, absolutely,” said Bruins GM Don Sweeney, per the Providence Journal. 

McAvoy has yet to ink an NHL contract. He’s in Providence on an amateur tryout after making the decision to leave Boston University. If he plays an NHL game this season, the first year of the three-year entry-level contract he’ll sign would be burned.

Hence, Sweeney’s desire to see McAvoy in the AHL before making any decisions.

“This gives an opportunity for him, first and foremost, to get a chance to play professional games, which is another level for him. [We’ll] evaluate from there,” said Sweeney.

It’s certainly possible, given McAvoy’s talent, that he could help the NHL Bruins right now. The bar is essentially Kevan Miller, Boston’s third-pairing defenseman on the right side. (If McAvoy were a left shot, the bar would be slightly lower, with all due respect to John-Michael Liles.)

The NHL Bruins, who’ve yet to book a playoff spot, have six games left in their regular season. They host Dallas tonight, Florida Saturday, and then they’re in Chicago Sunday.

Assuming McAvoy stays with Providence all weekend, his first real chance to get into an NHL game would be Tuesday against Tampa Bay.

Stay tuned.

Read more: Bruins will leave door ajar for McAvoy