Tag: Ilya Kovalchuk

Ilya Kovalchuk

BREAKING: Kovalchuk retires from NHL (!!!)


Stunning news out of New Jersey — Ilya Kovalchuk has announced his retirement from the NHL.

“This decision was something I have thought about for a long time going back to the lockout and spending the year in Russia,” Kovalchuk said in a release. “Though I decided to return this past season, [Devils general manager Lou Lamoriello] was aware of my desire to go back home and have my family there with me. The most difficult thing for me is to leave the New Jersey Devils, a great organization that I have a lot of respect for, and our fans that have been great to me.”

“After many conversations with Ilya over the past year on his desire to retire from the National Hockey League, Ilya’s decision became official today,” said Lamoriello. “On behalf of the entire organization, I wish Ilya and his family all the best in their future endeavors.”

Kovalchuk, 30, retires with career NHL totals of 417 goals and 399 assists in 816 games.

He also walks away from a $100 million contract with $77 million left to be paid out (around $60 million in the next six seasons).

Per CapGeek, Kovalchuk’s early retirement will leave the Devils with an annual $250,000 cap recapture penalty through 2024-25, the last season of his contract.

Lamoriello confirmed on a conference call with reporters that Kovalchuk’s contract with the Devils has been voided.

It’s expected Kovalchuk will sign with KHL club SKA Saint Petersburg, for whom he played during the lockout.


Kovalchuk threatening to stay in KHL

Kovalchuk wants to finish season in KHL

Kovalchuk insists he never planned on staying in KHL

Kovalchuk: 2013 was ‘probably my worst season’

Gillis on Luongo: ‘Either play or don’t play’

Roberto Luongo

The Vancouver Canucks made a couple of minor free-agent pickups today, signing defenseman Yannick Weber to a one-year deal and center/winger Brad Richardson for two years.

But the big story remains veteran goalie Roberto Luongo, who’s been conspicuously silent since Cory Schneider was traded at the draft.

Almost a week after the fact, it remains unclear how Luongo feels about the move and what his intentions are for next season. The 34-year-old wanted and expected to be traded, but ultimately his contract meant it was Schneider who was moved.

This afternoon, general manager Mike Gillis was asked about Luongo’s options.

“Either play or don’t play,” replied Gillis, adding he plans to travel to Florida to speak with Luongo (as Canucks owner Francesco Aquilini has already reportedly done.)

And what if Luongo doesn’t show up to play? Well, we’re not lawyers here. However, here’s what PHT legal analyst Eric Macramalla told us during the lockout when Alex Ovechkin and Ilya Kovalchuk were threatening to stay in the KHL…

An NHL contract, which is called a “Standard Player Contract” or an “SPC”, provides at Section 14(b) that a team has the right to terminate a contract if that player shall “fail, refuse or neglect to render his services hereunder or in any other manner materially breach this Contract”.

Not rendering services would include not showing up for work. So while Ovechkin and/or Kovalchuk wouldn’t be in a position to challenge the validity of their contracts, they could elect not to return to the NHL, thereby setting in motion a series of events that would end with their clubs terminating their contracts.

It seems unlikely that Luongo would risk voiding a contract that still has $40.6 million left to be paid out, not to mention the risk of getting sued for damages.

Still, he did say in April that he’d “scrap” his contract if he could.

Maybe that was more than just his frustration talking?

Islanders to buy out Rick DiPietro

Rick Dipietro

Rick DiPietro is about to become an ex-Islander.

Arthur Staple of New York Newsday reports the Islanders will place the much-maligned goaltender on $100 waivers tomorrow for the express purpose of using a compliance buyout on him.

GM Garth Snow’s decision to buy out DiPietro will cost the Islanders $1.5 million per year for the next 16 years as he had eight years remaining on his deal, good for a total of $24 million. Seven years ago, DiPietro signed a 15-year, $67.5 million deal with the team, a deal that’s been panned ever since mostly due to DiPietro’s inability to stay healthy.

The Islanders were already in the market for a goaltender this summer and DiPietro never factored into their plans. Last season, he was sent to the AHL after passing through waivers unclaimed. There he found himself embroiled in some controversy after making comments to a local reporter who mistook his sarcasm for truth when he said the treatment by fans made him contemplate suicide.

DiPietro’s 15-year deal has only been matched in length by Ilya Kovalchuk’s deal with the New Jersey Devils. Now he sees his future in doubt and an ugly chapter to his career come to a close. It makes quite the fall from grace for the No. 1 overall pick in the 2000 NHL Draft.