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07/20/2010 - Toronto, ON (Sportsbook Betting Lines) - The NHL has rejected Ilya Kovalchuk's 17-year, $102 million contract with the New Jersey Devils on grounds that it circumvents the league's salary cap.
The report is according to TSN Canada.
The rejection is 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.
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 was the hottest commodity on this year's free agent market, as he was pursued by the Devils, Kings, Islanders and a Russian club among others. He has turned down reported offers of $70 million over seven years and $100 million over 12 years from the Thrashers, who finally gave up on re-signing the sniper and sent him to New Jersey in a package that netted Atlanta defenseman Johnny Oduya, right wing Niclas Bergfors, forward Patrice Cormier and a first-round draft pick.
<< Mora, Francis help Marlins rout Rockies
Miami, FL (Sportsbook Betting Lines) - Melvin Mora finished a triple shy of the cycle
and Jeff Francis tossed seven scoreless innings, as the Colorado Rockies
dominated the Florida Marlins, 10-0, in the second test of a four-game series
at Sun
<< NCAA probe on agent dealings extends to Alabama
Tuscaloosa, AL (Sportsbook Betting Lines) - The NCAA's investigation into possible
improper dealings with sports agents has reportedly reached the University of
Alabama.
A number of schools have had athletes' names surface in an increasi
<< Malisse advances, Tipsarevic upset in Atlanta
Atlanta, GA (Sportsbook Betting Lines) - Seventh-seeded Xavier Malisse was a straight-
set winner, while fifth-seeded Janko Tipsarevic was an upset victim in
Tuesday's first-round action at the Atlanta Tennis Championships.
The Belgian Mali
<< Phillies P Moyer leaves game
St. Louis, MO (Sportsbook Betting Lines) - Philadelphia Phillies pitcher Jamie Moyer
left Tuesday's game against St. Louis after one inning with a left elbow
strain.
Moyer allowed two hits in one scoreless inning, throwing 18 pitches. It
Timberwolves to introduce Ridnour Wednesday >>
Minneapolis, MN (Sportsbook Betting Lines) - The Minnesota Timberwolves will announce
the signing of free agent guard Luke Ridnour on Wednesday.
The team scheduled a press conference to introduce the former Milwaukee Buck,
who agreed to a four-yea
Hunter remains undefeated as Rangers rout Tigers >>
Detroit, MI (Sportsbook Betting Lines) - Tommy Hunter gave up three hits in seven
innings to stay undefeated on the year and Ian Kinsler drove in three runs in
an 8-0 Rangers win against the Tigers.
Kinsler had one of three Texas home runs
Angels' home run parade leads to rout of Yankees >>
Bronx, NY (Sportsbook Betting Lines) - Mike Napoli, Maicer Izturis and former Yankee
Hideki Matsui each hit a two-run homer to lead the Angels to a 10-2 win over
New York at Yankee Stadium.
Napoli finished with four RBI for the Angels, who capt
Cardinals cruise behind Carpenter to top flailing Phils >>
St. Louis, MO (Sportsbook Betting Lines) - Chris Carpenter allowed just one run in eight
strong innings, and the St. Louis Cardinals defeated the struggling
Philadelphia Phillies, 7-1, in the second of four games at Busch Stadium.
Carpenter
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.
To visit this online sportsbook got to MySportsbook.com for all your Sportsbook accepts Visa needs.
| 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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