League voids Kovalchuk's deal with Devils
Hockey Betting Lines
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.
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American Idol odds : Blake Lewis the Early Standout
An important American Idol betting lines recap from February 20 Guys episode. The 12 men came out flat overall with Blake Lewis appearing to have the early edge after the first hour and a half.
Rudy - was quite good singing "Free Ride" to start off. Randy was not impressed though. Paula thought he started off fantastic. "Never had anyone stop off so lively" said Paula but Simon (who does not like Rudy) does not feel he has a distinct voice and was not impressed either.
Brandon was a little pitchy according to Randy and Paula agreed. Simon said he was a good singer but the song was "too safe" and he needs to make an impact. He was listed at +1200 odds or $1200 paid out on a $100 bet should he win the competition.
Big favorite Sundance came in with a flat version of "Knights in White Satin" and the judges let him have it, including Paula. Randy claimed the song was out of pitch throughout.
Korean American - and a Jenny Woo favorite - Paul Kim was up next. Another pitchy flat one but Randy said he still liked his potential. Kim at +3000 odds was said to have sung a "third rate version of that (George Michael) song" according to Simon Cowell. He sang "Careless Whisper".
22 year old Chris Richardson was up next. He was listed with +1100 odds coming in. He got the best response from the judges though Simon did not believe the vocal was that great.
Nick was boring and pitchy. Simon didn't think he was that bad though and predicted he would be back next week. Nick Pedro was a big +3000 dog coming into this competition.
Beat boxer Blake Lewis was listed with early +1000 odds or $1000 payout on a $100 bet if he were to become the next American Idol winner odds . These of course were the early odds. He was considered original for picking an "odd song". He did not beat box and the judges felt it was the best vocal of the night.
Sanjaya came in as the second biggest favorite after Chris Sligh but his performance Tuesday night was not very good.
Chris Sleigh was the early favorite at +450 odds. Great voice and a great sense of humor. He's a real standout. Randy felt it was on point but maybe ahead of the chorus a little bit. Simon Cowell said he felt like he was in some "sort of weird student gig".
Jared Cotter followed. He was listed with +2000 odds early on to win the competition. The judges felt he needs to take more risks but looked good.
22-year old AJ Talbado, who has tried out for American Idol five times, was up next. "Kind of a theme park performance" said Simon. Though the judges felt he performed okay. Simon did feel AJ might be better than he originally thought.
Phil - this season's military favorite - came into this competition with +1200 odds to win the competition. He was the last to perform. He was certainly strong enough to get through this stage of the competition and perhaps the best one after a shaky start.
Tomorrow night, the ladies perform and I sure hope they do a better job than the boys. Check out all the American Idol betting odds here.
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