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07/26/2010 - Toronto, ON (Sportsbook Betting Lines) - Ilya Kovalchuk's free agency saga took another turn on Monday when the NHL Players' Association filed a grievance on behalf of the Russian superstar who had his 17-year, $102 million contract with New Jersey rejected by the league.
"The NHLPA has filed a grievance disputing the NHL's rejection of the standard player contract between the New Jersey Devils and Ilya Kovalchuk," the NHLPA said in a statement. "Under the terms of the CBA, the NHLPA and Mr. Kovalchuk are entitled to an expedited resolution of this matter. The NHLPA will have no further comment until this matter has been resolved by an arbitrator."
The NHL rejected the record deal last week on grounds that it circumvented the league's salary cap. The rejection was likely due to the way the deal is structured, which was previously reported by the Newark Star-Ledger. He was due to earn $6 million in each of the next two seasons, $11.5 million from 2012-17 and $10.5 million the following year. The salary was scheduled to fall off after that until he made $550,000 annually in the final five years of the deal. He would have been 44 years old when the contract was set to conclude in 2027.
The way the current collective bargaining agreement is structured, a player who signs a deal before the age of 35 can eventually retire and have his contract come off a team's salary cap; however, teams must negotiate in a good faith effort to have the player remain in the league for the duration of the contract. It appears the Devils frontloaded the deal so Kovalchuk could have earned as much money as possible while providing the lowest possible cap hit for the team.
The next step in the process is to find an arbitrator to rule on the case. Once selected, that individual will have 48 hours to decide on an outcome. Kovalchuk will either have his contract with New Jersey upheld or he will once again become an unrestricted free agent, allowing the 27-year-old left winger to sign with any team, should the arbitrator side with the NHL.
Similar investigations were also launched last offseason for Philadelphia's Chris Pronger and Chicago's Marian Hossa, but the league did not void either of those contracts. Pronger signed a seven-year extension worth $35 million, where he makes $525,000 in each of the final two seasons, while Hossa makes $1 million or less in each of the final four years of his 12-year, $62 million deal.
Kovalchuk registered 41 goals and 44 assists in 76 games split between Atlanta and New Jersey last season.
<< Inter Milan brass taking massive gamble with Balotelli sale
Toronto, Canada (Sportsbook Betting Lines) - With reports surfacing that Inter Milan are
prepared to transfer Mario Balotelli to Manchester City for a fee in the range
of 30 million Euros, the young star's tumultuous time with the club seems to be
at an
<< Gasquet rolls; Robredo exits Gstaad
Gstaad, Switzerland (Sportsbook Betting Lines) - Former top-10 Frenchman Richard Gasquet
reached the second round, while fifth-seeded Spaniard Tommy Robredo came up a
first-round loser Monday at the Swiss Open.
The seventh-seeded Gasquet grounded U
<< This Week in Golf - July 29th through August 1st
Philadelphia, PA (Sportsbook Betting Lines) - WOMEN'S BRITISH OPEN, Royal Birkdale Golf
Club, Southport, England - The women remain in Europe this week for the fourth
and final major of their season, the Women's British Open.
Catriona Matthew was th
<< NHLPA files grievance against NHL over Kovalchuk
TORONTO (AP) -The National Hockey League Players' Association has filed a grievance over the league's rejection of the contract between Ilya Kovalchuk and the New Jersey Devils.The league rejected the landmark 17-year, $102 million contract last wee
Rachel Alexandra gains spot in poll after Monmouth victory >>
New York, NY (Sportsbook Betting Lines) - Reigning Horse of the Year Rachel Alexandra
moved into third in the latest NTRA National Thoroughbred Poll. The four-year-
old filly advanced one position following a win Saturday at Monmouth Park.
Owned b
Hornets GM says Paul did not ask for trade at meeting >>
New Orleans, LA (Sportsbook Betting Lines) - Three-time All-Star point guard Chris Paul
met with Hornets management Monday, and new general manager Dell Demps
reportedly said Paul did not ask to be traded.
According to The Times-Picayune, D
Zakuani claims MLS POW award with brace against Rapids >>
New York, NY (Sportsbook Betting Lines) - Steve Zakuani of Seattle Sounders FC was
voted Major League Soccer Player of the Week for Week 17 of the 2010 MLS
season on Monday.
Zakuani scored both of Seattle's goals in a 2-1 win over the Co
Overdue Fish finally hits his stride >>
Philadelphia, PA (Sportsbook Betting Lines) - Minnesota native Mardy Fish is currently
enjoying the best stretch of his tennis career since joining the pro ranks 10
years ago.
Don't look now, but the 28-year-old American has now won his last two
tour
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MySportsbook.com Favors Fighting Irish to win College Football betting odds
According to odds makers at MySportsbook.com, on January 8, the Fighting Irish faithful may be toasting their 14th national title in Arizona – Notre Dame’s first national championship in close to 20 years.
Although MySportsbook.com has listed Notre Dame as the 5-1 favorite to win thecollege football College Football betting, fans in Columbus do not need to cancel their tickets to Glendale just yet. The Ohio State Buckeyes, listed right behind the Irish at 7-1, are also heavy favorites to win college football’s most coveted prize, while West Virginia, USC and the 2007 National Champion Texas Longhorns - all listed at 8-1 – are strong contenders as well.
MySportsbook.com has also posted gambling odds on the conference championships for the ACC, Big 12 and SEC. In the ACC – it could be anyone’s title, particularly for the two schools from the Sunshine State. Florida State and Miami, both listed at 2-1, are favored to win the ACC Championship Game odds, with the ‘Noles hoping to finish in the nation’s top 10 for the first time in five years, and the ‘Canes looking to avenge their 10-7 loss against FSU in last year’s ACC Championship betting.
Moving west to the Big 12, MySportsbook.com has betting lines listing Texas as 7-5 favorites to repeat as conference champions, even though the Longhorns lost their national championship-winning quarterback Vince Young to the NFL. In the south, the Auburn Tigers – led by Heisman-hopeful senior running back Kenny Irons – have been given the best odds to win the SEC Championship odds at 5-2.
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| Notre Dame Ohio State West Virginia Texas USC Florida California Auburn Oklahoma Iowa Louisville Florida State Michigan Miami (FL) LSU Penn State Virginia Tech Nebraska Tennessee Georgia Arizona State Oregon Clemson Texas A&M Texas Tech Alabama Arkansas Boston College Michigan State Maryland South Carolina Colorado Purdue Georgia Tech TCU UCLA Arizona Pittsburgh Iowa State Wisconsin North Carolina State Virginia North Carolina Fresno State Hawaii Northwestern BYU Oregon State UNLV Field (Any Other Team) |
5-1 7-1 8-1 8-1 8-1 12-1 15-1 15-1 18-1 20-1 20-1 20-1 20-1 20-1 25-1 40-1 40-1 50-1 60-1 60-1 60-1 70-1 70-1 100-1 100-1 100-1 100-1 100-1 150-1 200-1 200-1 200-1 200-1 200-1 250-1 250-1 300-1 300-1 300-1 300-1 300-1 300-1 400-1 500-1 500-1 500-1 500-1 1000-1 1000-1 40-1 |
| Miami (FL) Florida State Virginia Tech Clemson Georgia Tech Boston College Maryland Virginia North Carolina State North Carolina Wake Forest Duke |
2-1 2-1 3-1 7-1 15-1 15-1 15-1 30-1 30-1 30-1 50-1 500-1 |
| Texas Oklahoma Nebraska Texas Tech Colorado Iowa State Texas A&M Kansas State Missouri Kansas Baylor Oklahoma State |
7-5 9-5 9-2 12-1 14-1 15-1 15-1 30-1 30-1 35-1 100-1 100-1 |
| Auburn Florida LSU Georgia Tennessee Arkansas Alabama Mississippi South Carolina Mississippi State Kentucky Vanderbilt |
5-2 11-4 4-1 6-1 7-1 7-1 9-1 20-1 28-1 75-1 100-1 300-1 |
For complete NCAA football odds please visit Mysportsbook.com.
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