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.

Blackhawks F Katchouk will be sidelined by ankle sprain

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CHICAGO — Blackhawks forward Boris Katchouk will be sidelined for four to six weeks with a left ankle sprain, the team announced Sunday.

The 24-year-old Katchouk played almost 12 minutes during a 3-0 preseason loss to Detroit on Saturday night. He was acquired in a multiplayer trade with Tampa Bay in March.

The Blackhawks open the season on Oct. 12 at Colorado.

The team also said forward Jujhar Khaira is day to day with a right ankle injury.

Ducks’ Urho Vaakanainen crashes into boards, leaves on stretcher

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ANAHEIM, Calif. — Ducks defenseman Urho Vaakanainen was taken off the Honda Center ice on a stretcher after he crashed into the end boards in the first period of Anaheim’s preseason game against the San Jose Sharks.

The Finnish defenseman was conscious and alert with full movement in his extremities at UCI Medical Center, the Ducks said.

The frightening incident occurred midway through the opening period when Vaakanainen smashed into the boards at a dangerous speed behind the Sharks’ net. Vaakanainen appeared to be concentrating on the pass he had just made to Derek Grant, who scored the Ducks’ opening goal on the assist.

Vaakanainen’s teammates came onto the ice and gathered around him as he was taken away on the stretcher.

The Ducks acquired the 23-year-old Vaakanainen from Boston last March in the deal that sent longtime Ducks defenseman Hampus Lindholm to the Bruins. After recording two assists in 14 games for the Ducks last season, Vaakanainen is attempting to win a top-six role on Anaheim’s defense this fall.

Lightning donate $2 million to Hurricane Ian relief efforts

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TAMPA, Fla. — The Tampa Bay Lightning and team owner Jeff Vinik are donating $2 million toward Hurricane Ian relief efforts.

The NHL team announced that $1 million each will be donated by the Tampa Bay Lightning Foundation and the Vinik Family Foundation.

“This is a tragic situation for many families and communities across the state of Florida, but especially so in the southwest region of the state,” Vinik said in a statement released by the team. “In times like these the most important thing we can do is support one another, and we hope this donation will help families recover and rebuild in the months to come.”

Ian made landfall Wednesday on Florida’s Gulf Coast, south of the Tampa Bay area. The Lightning postponed two home preseason games and moved the club’s training camp to Nashville, Tennessee, during the storm.

Maple Leafs sign defenseman Rasmus Sandin to 2-year deal

Rasmus Sandin
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TORONTO — Rasmus Sandin has signed a two-year, $2.8 million contract with the Toronto Maple Leafs, the club announced on Thursday.

The 22-year-old from Sweden was the 29th overall selection in the 2018 draft. Sandin had 16 points in 51 games with Toronto last season. He’s played in 88 career regular-season games, with six goals and 22 assists, and has one goal in five playoff games.

“Got a great set of tools,” fellow defenseman Jake Muzzin said. “With experience, I think they’re only going to get better.”

The signing comes as the Leafs’ blueliners been hit hard by injuries. Muzzin has been dealing with a back issue, and Timothy Liljegren recently had surgery for a hernia.

Toronto then lost Jamie Benn (groin) and Carl Dahlstrom (shoulder) in Wednesday’s 3-0 preseason victory over the Montreal Canadiens, pressing forwards Calle Jarnkrok and Alexander Kerfoot into defensive roles for two periods.