Kovalchuk's Cap Hit rumored to be between $6.5-$7 million

While there are conflicting reports on whether a contract offer has been submitted for league approval, the new Kovalchuk contract according to reports out of Russia is estimated to be at 12-13 year deal worth between $84-$91 million a steady rise from original 17 year/$102 million dollar deal. So we should probably have closure tomorrow or Wednesday at the latest. We shall see, but this could be a good week to be a Devils fan. Once the Kovalchuk saga ends expect free agents like Paul Kariya, Lee Stempniak and Mike Comrie to sign with teams.