Contract Termination: Ilya Kovalchuk

[TrufleShufle]

Not exactly, the 35+ rule was created to stop teams from tacking on extra years at low salary to artificially lower the cap hit and then having the player retire before the final years. I.E. if a player wanted a 3 year, 15 mil contract they could add a 4th year at 1 mil which would lower the cap hit from 5M to 4M (15 over 3 years vs 16 over 4 years) and then retire after 3 years. The 35+ rule means that the cap hit stays for the 4th year even if the player retires. Of course, the loophole is just to claim a degenerative injury (which isn't much of a stretch for an old NHL player) and go on LTIR for the final year but that's a different problem.

So its effectively the same, mutual termination vs retirement, the difference is the termination allows Kovalchuk to sign with another team.

I thought the 35+ rule applied to contracts that were started after the player turned 35.. So if Kovy came back a year earlier he wouldn't have had this in his contract no matter the length.

 

[TrufleShufle]

Not exactly but it works the same, the 35+ rule was created to stop teams from tacking on extra years at low salary to artificially lower the cap hit and then having the player retire before the final years. I.E. if a player wanted a 3 year, 15 mil contract they could add a 4th year at 1 mil which would lower the cap hit from 5M to 4M (15 over 3 years vs 16 over 4 years) and then retire after 3 years. The 35+ rule means that the cap hit stays for the 4th year even if the player retires. Of course, the loophole is just to claim a degenerative injury (which isn't much of a stretch for an old NHL player) and go on LTIR for the final year but that's a different problem.

So its effectively the same, mutual termination vs retirement, the difference is the termination allows Kovalchuk to sign with another team.

So you were right, but were also right in the problem and that's why they no longer do it this way, and now do it based on when the contract was signed.

"What is a 35-plus contract?

If a player signs a multi-year contract and is age 35 or older (as of June 30 prior to the year of the effective contract), the players individual cap hit counts against the teams cap hit regardless of whether, or where, the player is active. However, there is one circumstance in which there is a cap hit reduction, a team will receive a $100,000 relief off of the teams salary cap hit, if a player is playing in the minor leagues after the first year of their contract.

The 35+ rule was introduced in the 2005 CBA and was intended to prevent teams from burying veteran players in the AHL, or from front-loading contracts to draw players to signing with them. One result of the rule is that it has lead to teams signing short one or two year contracts with veteran players, to prevent the possibility of being stuck with the players full cap hit if they are injured or unable to produce."

 

[MetM]

3 teams that could bring in Kovalchuk

 

[redcard]

I thought the 35+ rule applied to contracts that were started after the player turned 35.. So if Kovy came back a year earlier he wouldn't have had this in his contract no matter the length.

Right, this is only relevant to players who signed the contract at age 35+. If a player who signed a contract before they were 35 retires, the cap hit comes off the books. Therefore, if a player who signed a contract before they turned 35 comes to a mutual termination agreement with their team, the cap hit would also come off the books. Again, effectively the same thing, but the termination allows the player to sign with another team.

Kovy was over 35 when he signed, so the cap hit stays. LA is aware of this, and ok with it.

 

[KingPuckChoo]

in 897 games, Kovalchuk is a whopping (-152)

 

[YP44]

3 teams that could bring in Kovalchuk

not sure what the score is thinking listing the Oilers. Kovalchuk will help out a teams PP not their 5 on 5 play, Oilers need the opposite.

 

[King'sPawn]

He's still a good player, but structure, particularly defensively, is just not in his game.

Best of luck to him.

 

[ViD]

in 897 games, Kovalchuk is a whopping (-152)

And almost PPG

 

[TrufleShufle]

Right, this is only relevant to players who signed the contract at age 35+. If a player who signed a contract before they were 35 retires, the cap hit comes off the books. Therefore, if a player who signed a contract before they turned 35 comes to a mutual termination agreement with their team, the cap hit would also come off the books. Again, effectively the same thing, but the termination allows the player to sign with another team.

Kovy was over 35 when he signed, so the cap hit stays. LA is aware of this, and ok with it.

Yea.... I know...

I thought you were saying that players who leave after 35 regardless of when the contract was signed was hit with this penalty, I was clarifying that it was only contracts signed after 35.

I have no problem with that way anything played out, was just talking about the rule itself.

 

[Sheppy]

in 897 games, Kovalchuk is a whopping (-152)

The guy hasn't exactly been on good teams, though.

 

[Evgeny Oliker]

The guy hasn't exactly been on good teams, though.

exactly. He started his career on a horrible Atlanta team. Then he wasn’t exactly on a great NJ team. Now he was on LA who sucks too

 

[sdf]

Slava Malamud absolutely lost his credibility lately after he was denied the Caps accreditation and his sole goal nowadays is spew bull**** anti Russian agenda.

if you take a look at his tweets they are incredibly one sided in his attempts to belittle, humiliate and simply hate Russian sports, politics etc.

Don’t take him serious.

So basicly he is the same clown as you, only vise versa

 

[ottawa]

Wonder if Kovalchuk would have made more money if he stayed in Jersey.

Anyone know what he made in the KHL and LA vs what he would have made in NJ if he stayed?

Who knows

 

[YP44]

Who knows

have to factor in his KHL money too

 

[kilowatt]

Not sure how the point of my posts has gotten lost so easily in this thread. I am specifically debating a fan who says that because the contract has been terminated, it should be wiped clean off the books with no remaining cap hit. I am arguing that the cap hit remaining on the books has merit and is fair according to what played out and the Kings signing Kovy to that contract, and outbidding numerous others teams, last summer.

Oh, my mistake. Sorry about that.

 

[Zippgunn]

I would rather sprinkle anthrax virus in my team's dressing room rather than sign this cancer of a hockey player...

 

[CharasLazyWrister]

Oh, my mistake. Sorry about that.

No worries. You weren’t the only one who misinterpreted it, so I must not have been clear enough.

 

[Drag]

1yr @ 1.5 (prorated) to play on Malkins wing.

 

[Telos]

He has a decent shot if he is given a lot of time, like on the powerplay. He has okay speed, but isn't very fast anymore. He can't complete a pass to save his life and is allergic to his own defensive zone. He can still put up a few points, but he is going to cost you a few too. He has to go to a team that can cover his mistakes and convince him to be a powerplay specialist. I just don't think he sees himself that way and doesn't have any interest in a diminished role.

 

[nucksauce]

750k to play on the 3rd line and the power play for the Canucks

 

[Zine]

Slava Malamud absolutely lost his credibility lately after he was denied the Caps accreditation and his sole goal nowadays is spew bull**** anti Russian agenda.

if you take a look at his tweets they are incredibly one sided in his attempts to belittle, humiliate and simply hate Russian sports, politics etc.

Don’t take him serious.

The real culprit is the N.A. media who give Malamud acclaim despite his reputation/credentials (fired from S-E, denied NHL team accreditation, now works as a middle school math teacher).

Unfortunately there exists a market for his crap because, well, you know, as ‘twitter’s official Russian sports writer’ he has all the insights into exposing the nefarious deeds of the evil empire and everything.

I can’t blame Malamud though, he’s found a target audience and he gives them what they want; keeping himself relevant as such.

 

[Sevendust]

Are there any legit informations about Kovalchuk being a cancer in the locker room?

 

[Johnny Utah]

No Kings staff said Kovy handled the situation fine.

its his age, was his contract and his lack of defense.

 

[TrufleShufle]

Are there any legit informations about Kovalchuk being a cancer in the locker room?

Yea, Zippgunn just said it like 5 posts before this, what else do you need?

 

[steveat]

If hockey had a designated hitter position like baseball, Kovy would be it.

1m/year + $20 grand per goal and ONLY play on the PP. Done and Done!

$50 Grand per goal after 20 goals