The Ilya Kovalchuk contract grievance hearing is now over, but the waiting is not. As Dan Rosen of NHL.com points out, system arbitrator Richard Bloch has until the end of the business day on Monday to make his decision.
The arbitration hearing that will determine the immediate and potential long-term future of star left wing Ilya Kovalchuk has wrapped up in Boston and now the hockey world, specifically Kovalchuk, the New Jersey Devils and the NHL, wait for arbitrator Richard Bloch to render a decision on the matter.
Bloch has until the end of business Monday to rule on whether the NHL was justified in rejecting the 17-year, $102 million contract Kovalchuk signed with the Devils last month. NHL Deputy Commissioner Bill Daly stated at the time the NHL rejected the contract that it was doing so because the deal circumvents the Collective Bargaining Agreement.
Rosen writes that it is unclear whether anyone in the Devils organization, Ilya Kovalchuk or his agent Jay Grossman were called to testify regarding the contract.
In case you haven’t been following the situation, this could go two ways. Either Bloch will agree with the NHL and Ilya Kovalchuk will be an unrestricted free agent all over again (forcing the Devils to restructure the deal in a way that satisfies the league) or the contract will immediately become valid.
We’ll keep you up to date since Bloch can make his decision as early as Friday or as late as Monday.
The Avalanche will be throwing a bunch of different looks at us this season.
Having already released specialized “Mile High” jerseys for February’s Stadium Series game, the Avs unveiled new third sweaters on Friday — less than 24 hours after a bitter 5-4 home loss to Minnesota in their season opener.
(Guess Colorado wanted to send out some good vibes after blowing a 4-1 third-period lead.)
While undoubtedly exciting for the organization, the release of these new thirds isn’t taking anybody by surprise. Last month, several websites published leaked images of Colorado’s and Anaheim’s third jerseys, so the design has been in the public eye for several weeks.
The Avs will debut these new thirds on Oct. 24, in a Saturday night tilt against Columbus.
Related: Roy explains why he didn’t call time out
Hey, remember in June when the NHLPA voted to keep the five-percent growth factor in spite of increasing worries about escrow?
Well, here’s why that decision was a significant one, via TSN’s Frank Seravalli:
With early revenue projections in place, the NHL and NHLPA set the escrow withholding rate for players at 16 per cent for the first quarter of the season on Thursday.
That means every player will have 16 per cent of earnings deducted from their paycheque and put aside until after all of this season’s hockey-related revenue is counted to ensure a perfect 50-50 revenue split with owners.
Now, this doesn’t mean that the players will definitely lose 16 percent of their salaries. Typically, they receive refunds when all the accounting is done.
Still, 16 percent is a good-sized chunk to withhold. They won’t be thrilled about it.
Related: To understand escrow, consider Duncan Keith