NHLPA files grievance on behalf of Kovalchuk

Hockey Betting Lines

07/26/2010 - Toronto, ON (Sportsbook Betting Lines) - Ilya Kovalchuk's free agency saga took another turn on Monday when the NHL Players' Association filed a grievance on behalf of the Russian superstar who had his 17-year, $102 million contract with New Jersey rejected by the league.

"The NHLPA has filed a grievance disputing the NHL's rejection of the standard player contract between the New Jersey Devils and Ilya Kovalchuk," the NHLPA said in a statement. "Under the terms of the CBA, the NHLPA and Mr. Kovalchuk are entitled to an expedited resolution of this matter. The NHLPA will have no further comment until this matter has been resolved by an arbitrator."

The NHL rejected the record deal last week on grounds that it circumvented the league's salary cap. The rejection was 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.

The next step in the process is to find an arbitrator to rule on the case. Once selected, that individual will have 48 hours to decide on an outcome. Kovalchuk will either have his contract with New Jersey upheld or he will once again become an unrestricted free agent, allowing the 27-year-old left winger to sign with any team, should the arbitrator side with the NHL.

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 registered 41 goals and 44 assists in 76 games split between Atlanta and New Jersey last season.

Wwwldell Hockey Betting News

<< Lightning name Tod Leiweke CEO
Tampa, FL (Sportsbook Betting Lines) - Tampa Bay Lightning chairman and governor Jeff Vinik announced Monday that Tod Leiweke has been named the team's chief executive officer. Officially, Leiweke becomes the CEO of Tampa Bay Sports and Ent

<< Inter Milan brass taking massive gamble with Balotelli sale
Toronto, Canada (Sportsbook Betting Lines) - With reports surfacing that Inter Milan are prepared to transfer Mario Balotelli to Manchester City for a fee in the range of 30 million Euros, the young star's tumultuous time with the club seems to be at an

<< Gasquet rolls; Robredo exits Gstaad
Gstaad, Switzerland (Sportsbook Betting Lines) - Former top-10 Frenchman Richard Gasquet reached the second round, while fifth-seeded Spaniard Tommy Robredo came up a first-round loser Monday at the Swiss Open. The seventh-seeded Gasquet grounded U

<< This Week in Golf - July 29th through August 1st
Philadelphia, PA (Sportsbook Betting Lines) - WOMEN'S BRITISH OPEN, Royal Birkdale Golf Club, Southport, England - The women remain in Europe this week for the fourth and final major of their season, the Women's British Open. Catriona Matthew was th

<< NHLPA files grievance against NHL over Kovalchuk
TORONTO (AP) -The National Hockey League Players' Association has filed a grievance over the league's rejection of the contract between Ilya Kovalchuk and the New Jersey Devils.The league rejected the landmark 17-year, $102 million contract last wee

Vick cleared to play by NFL >>
Philadelphia, PA (Sportsbook Betting Lines) - Michael Vick is clear to play this season, the NFL announced Monday. Posting on his Twitter account, league spokesman Greg Aiello said in regard to Vick, "there has been no change in his playing status. Be

Rachel Alexandra gains spot in poll after Monmouth victory >>
New York, NY (Sportsbook Betting Lines) - Reigning Horse of the Year Rachel Alexandra moved into third in the latest NTRA National Thoroughbred Poll. The four-year- old filly advanced one position following a win Saturday at Monmouth Park. Owned b

Hornets GM says Paul did not ask for trade at meeting >>
New Orleans, LA (Sportsbook Betting Lines) - Three-time All-Star point guard Chris Paul met with Hornets management Monday, and new general manager Dell Demps reportedly said Paul did not ask to be traded. According to The Times-Picayune, D

Zakuani claims MLS POW award with brace against Rapids >>
New York, NY (Sportsbook Betting Lines) - Steve Zakuani of Seattle Sounders FC was voted Major League Soccer Player of the Week for Week 17 of the 2010 MLS season on Monday. Zakuani scored both of Seattle's goals in a 2-1 win over the Co

Overdue Fish finally hits his stride >>
Philadelphia, PA (Sportsbook Betting Lines) - Minnesota native Mardy Fish is currently enjoying the best stretch of his tennis career since joining the pro ranks 10 years ago. Don't look now, but the 28-year-old American has now won his last two tour

$12,000,000.00 MARCH MADNESS BRACKET CONTEST

2009 MARCH MADNESS BRACKET CONTEST

Offering $12 Million Dollars to whoever fills in the perfect March Madness Bracket. For the fifth year in a row MySportsbook.com is giving March Madness bettors a chance to never have to work another day in their lives. MySportsbook.com has been in business for 12 years and to celebrate this years March Madness they are offering $1 Million Dollars for every year they have been taking college basketball wagers along with every other sports wagering type imaginable.

The MySportsbook.com March Madness contest is simple just Sign-up for the March Madness bracket contest and come back after Selection Sunday to submit your March Madness picks. Then place $20.00 in wagers during each round of the March Madness tournament. Even if your bracket is not perfect you could potentially still win $10,000.00.

There is not an office pool on the planet that can offer this March Madness Grand Prize. Get together with your office, work as a team or keep the $12 Million and do it yourself and win the $12 Million. Also feel free to print out the Printable March Madness Brackets .

Get free 2009 March Madness Betting from top rated online sportsbook MySportsbook.com. Mysportsbook.com online March Madness betting VISA Mastercard

MySportsbook.com offers Blackjack contest and $10,000.00 in Free Prize money!

Every month MySportsbook.com's casino host, Jack Black, gives away $10,000.00 in free casino prize money. To Enter - All you have to do is play at least 10 hands (total) of Blackjack on one of the specified dates of the blackjack contest. The online casino host randomly hands out free bonuses ranging from $50 - $500, and one lucky player who will receive a free $2,500.00 bonus.

"We have been running this monthly free blackjack contest to our active mebers for 5 years now, and the players just love it," says Jack Black, online casino host at MySportsbook.com. "And why wouldn't they love a free chance to win some extra online blackjack cash."

To visit this online sportsbook got to MySportsbook.com for all your Sportsbook accepts Mastercard needs.