RULESWATCH

July 22, 2010

FORKING OUT: Devils’ Kovalchuk Deal on way to recycle bin

Filed under: Uncategorized — ruleswatch @ 12:13 pm

The Globe and Mail advises:

According to sources with knowledge of the situation, the NHL has been troubled for some time by the practice of front-loading contracts – in which players receive the bulk of their dollars in the early part of their deals – but was never willing to challenge the Players’ Association because there is no specific wording in the collective bargaining agreement that forbade the practice.

Instead, the CBA – under article 26.3 – has a vaguely worded clause that prevents teams from entering into any agreements “intended to defeat or circumvent the provisions of this agreement” – an agreement that includes a hard salary cap that rises and falls based total NHL revenue and contains both a spending ceiling and floor.

http://www.theglobeandmail.com/sports/hockey/why-did-nhl-kill-the-kovalchuk-contract/article1647961/

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