Report: Kovalchuk sets deadline to be signed or else KHL option becomes real


Thumbnail image for Thumbnail image for kovalchukpressconf2.jpgIf you’ve been wondering what the deal is with Ilya Kovalchuk and the New Jersey Devils is The Ilya Kovalchuk soap opera has taken a stunning turn of events today. Yahoo’s Dmitry Chesnokov has the details.

For Ilya Kovalchuk(notes), his representatives, the New Jersey Devils and the NHL, time is running out. Weeks after Kovalchuk’s 17-year, $102 million contract was rejected by the NHL, a difficult decision for the free-agent winger could come in the next 24-48 hours.

Sources close to Kovalchuk have told us that if the NHL does not approve any of the proposals submitted informally by the Devils, Kovalchuk may decide to play in the KHL next season.

This just about fries it for me as far as how things go for the NHL on this matter. We outlined what was going on with this nonsense the last two days when word came out both about the NHL pooh-poohing more contract framework and NHL commissioner Gary Bettman tap-dancing around questions about that happening. The point now is that the league has left Lou Lamoriello, Jay Grossman and Ilya Kovalchuk wandering around aimlessly trying to lock down a deal that works for everyone without having a blueprint to follow. Sure they could try to model things after Vincent Lecavalier’s 11-year contract, but who’s to say that 11 years is going to be too long to appease Commissioner Bettman and Deputy Commissioner Bill Daly?

The NHL prides itself on being the home to the greatest hockey talent in the world and while the KHL pales in comparison both in talent level and in league stability, it remains the main option for anyone looking to continue playing professionally that can’t get a job in the NHL. Losing a star like Kovalchuk to the KHL over a squabble like this one, seemingly made to prove a point to other teams as well as agents and the NHLPA is insanity at its highest. With Kovalchuk setting this deadline to get a deal done, he’s making sure he at least has somewhere to play. The KHL season begins on September 8th.

Kings grab goalie insurance by signing Budaj

LOS ANGELES, CA - SEPTEMBER 22: Jhonas Enroth #1 and Peter Budaj #31 of the Los Angeles Kings stretch before a game against the Arizona Coyotes at STAPLES Center on September 22, 2015 in Los Angeles, California. (Photo by Andrew D. Bernstein/NHLI via Getty Images)
via Los Angeles Kings
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In slightly less interesting Los Angeles Kings news than the latest in the Mike Richards fiasco, the team handed Peter Budaj a one-year, two-way deal on Friday.

The veteran goalie’s contract pays $575K on the NHL level and $100K in the AHL (though it’s $150K guaranteed), according to Hockey’s Cap.

At the moment, it sounds like Budaj will be third on the Kings’ goalie depth chart. That says as much about how things have been going lately for Los Angeles than Budaj’s work on a PTO.

As noted above, one of the more significant moves in Budaj’s favor came when the New York Islanders claimed Jean-Francois Berube off of waivers this week.

The Kings actually waived Budaj before signing him, so this has to be a relief to a goalie with a fairly robust resume as a backup.

All apologies to Budaj, but it’s probably true that the Kings would prefer not to see him at the NHL level very often in 2015-16.

Kings, NHLPA announce settlement in Richards grievance

Los Angeles Kings v New York Rangers

The Los Angeles Kings announced today that they have “reached an agreement with Mike Richards to resolve the grievance filed in relation to the termination of his NHL Standard Players Contract. The terms are agreeable to all parties.”

The club said that it will not be commenting further “on the terms” of the settlement.

The NHLPA released a similar statement.

It was reported earlier in the week that a settlement was close to being reached; however, it wasn’t clear what salary-cap penalties the Kings would incur.

We’re starting to find out some details now:

How the final numbers differ from what the Kings would have incurred if they’d bought Richards out will be interesting to see. And if there are differences, how will they be justified?

Stay tuned.