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Thread: Devils Fined $3 Million Plus Loss Of Draft Choices

      
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    Evilpens's Avatar
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    Default Devils Fined $3 Million Plus Loss Of Draft Choices

    http://www.kuklaskorner.com/index.ph...ned_3_million/





    NEW YORK (September 13, 2010)—As a result of the finding by Arbitrator Richard Bloch on August 9, 2010, that Ilya Kovalchuk’s initial free agent contract with the New Jersey Devils, dated July 19, 2010, constituted a circumvention of the NHL/NHLPA Collective Bargaining Agreement (the “CBA"), the National Hockey League announced today that the Club has been disciplined in accordance with Section 26.13(c) of the CBA as follows:

    The Club has been fined $3 million.

    The Club will forfeit its third-round draft choice in 2011 as well as a first-round draft choice in one of the next four Entry Drafts. It will be the Club’s decision when, within the next four years, it will forfeit its first-round choice. The Club must advise the League of that decision by the day following the conclusion of the Stanley Cup Final in the calendar year in which the choice will be forfeited. Per the terms of the settlement reached earlier this month by the NHL and the NHLPA, there will be no corresponding reduction in the Club’s Payroll Room resulting from the Club fine.

    The League now considers the matter closed and will have no further comment on the situation, including with respect to the discipline that was imposed today.

    added 7:42pm, via Tom Gulitti of Fire & Ice,

    The Devils released a statement from general manager Lou Lamoriello.

    “We were today advised of the ruling by the Commissioner with respect to the Kovalchuk matter. We disagree with the decision. We acted in good faith and did nothing wrong. We will have no further comment.”

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    Default Re: Devils Fined $3 Million Plus Loss Of Draft Choices

    Better fine the Blackhawks and Red Wings too!

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    Evilpens's Avatar
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    Default Re: Devils Fined $3 Million Plus Loss Of Draft Choices

    Quote Originally Posted by (419)BlackNGold View Post
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    Better fine the Blackhawks and Red Wings too!


    Nope the reason they are getting Fined & having draft picks taken away is that The NHL put all teams on notice before this years Free Agency & the Devils & Kovalchuk still tried to do it

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    Default Re: Devils Fined $3 Million Plus Loss Of Draft Choices



    Dear, MLB

    This is your model league for economic competitiveness. Please note of everything the NHL has done regarding it's CBA, Salary Cap and Draft and try to implement it all into your upcoming CBA meetings after the 2011 season.

    Kipper
    The Standard Is The Standard and The Pittsburgh Sports Forum Is The Standard


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    Default Re: Devils Fined $3 Million Plus Loss Of Draft Choices

    Quote Originally Posted by (419)BlackNGold View Post
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    Better fine the Blackhawks and Red Wings too!
    We haven't circumvented the cap

    But, yeah...let's fine the Hawks!!

    Too bad it doesn't count against their cap for next year. They would have had fun trying to keep Parise.

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