Here is a breakdown and some notes on what the Devils already lost in the Kovalchuk deal timelines:
February 4, 2010: Devils acquire Left Wing Ilya Kovalchuk and Defenseman Anssi Salmela from the Thrashers for Defenseman Johnny Oduya, Forward Niclas Bergfors, prospect Patrice Cormier and a 2010 first round pick. The teams also swapped second round picks in 2010.
April 22, 2010: Devils eliminated from playoffs in first round for a 3rd straight year, this time against division rival Flyers.
July 19, 2010: Devils sign Kovalchuk to a lucrative 17 year $102 million dollar deal.
July 20, 2010: NHL rejects 17 year contract.
July 26, 2010: NHLPA files grievance to try to overturn rejection.
July 30, 2010: NHL and NHLPA Agree on Richard Bloch as the arbitrator for the hearing.
August 4-5, 2010: Richard Bloch observes and hears case for the Kovy contract to be registered.
August 9, 2010: System Arbitrator Richard Bloch upholds league's decision to reject 17 year deal and thus nullifying the contract.
August 27, 2010: Devils submit revised 15 year $100 million deal to the NHL for league approval.
September 1, 2010: NHL and NHLPA extend deadline to approve deal to Friday September 3rd, 5 PM.
September 3-4, 2010: NHL, NHLPA reach agreement on amending the CBA thus approving the Kovalchuk 15 year deal with the Devils.
September 13, 2010: NHL Fines Devils $3 million and strips them of 2011 3rd round pick and a conditional 1st round pick in any of the next 4 drafts. The Devils must notify league by the conclusion of Stanley Cup Final in any of those years.
So here is a list of what they lose:
-Johnny Oduya
-Niclas Bergfors
-Patrice Cormier
-2010 1st round pick
-Eliminated from playoffs in Round 1 for a 3rd straight year, this time against division rival Flyers.
-$3 million dollar fine
2011 3rd round pick (leaves them with no 2nd and 3rd round pick in the draft as they dealt the 2nd rounder to Nasville in the Arnott trade).
-1st round pick in any of the next 4 entry draft. (Devils must choose year they will surrender their 1st round choice).
Notes: Devils Fans have to feel shocked by the severity of the penalties, but it could have been worse. The $3 million could have counted against the salary cap and thus would make it impossible for them to bring Ilya back. Instead the NHL and the PA agreed to not have the Devils salary cap space be reduced. However, Gary Bettman and Bill Daly faced pressure from the board of governors to levee harsh fines and penalties against the Devils. Daly was the most furious in this process and was probably against the 15 year deal as well. But, its good the process ended with Kovalchuk remaining a Devil. As I mentioned in the previous post, the Devils are highly unlikely to surrender their 2011 1st round pick since that would leave them with no picks in the 1st three rounds.
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