Kovalchuk pact approved; NHL-NHLPA adopt rules for long-term deals
Hockey Betting Lines
09/04/2010 - Toronto, ON (Sportsbook Betting Lines) - Ilya Kovalchuk will finally join the New Jersey Devils after his re-submitted contract was officially and finally approved by the National Hockey League just before 3 a.m. (et) Saturday morning.
The re-worked contract now calls for Kovalchuk to collect a reported $100 million over 15 years, with an annual cap hit of close to $6.66 million. The deal is thought to pay out $90 million in the first 10 years and $10 million over the last five.
Kovalchuk's initial 17-year, $102 million deal with the Devils was rejected by the league on the grounds that it circumvented the league's salary cap. The deal was front-loaded so Kovalchuk could have earned as much money as possible while providing the lowest possible cap hit for the team.
The NHL Players' Association filed a grievance on Kovalchuk's behalf, but an arbitrator ruled in favor of the league. The Russian star, now 27, would be approaching age 43 when the contract expires.
The rejection of the contract provided much debate throughout the league in terms of "lifetime" contracts given to players that have helped reduce the yearly salary cap hit. Several players in previous years signed deals that took them past 40 years of age and saw the annual salary dip below $1 million in the final years of the contract.
The NHL and NHLPA together, did away with those scenarios in one fell swoop Friday, jointly adopting new regulations on such pacts while simultaneoulsy ruling on Kovalchuk's situation after a whirlwind of postponements on a ruling that stretched well into the night.
The new rules will apply only to long-term contracts, five years or longer in length, and only those going forward beyond the September 4 ruling date. All previous contracts are grandfathered in, meaning Kovalchuk's contract will likely be the last of its kind.
To that end, the two entities also announced that the league will terminate its circumvention investigations into the contracts signed in 2009 by Marian Hossa of the Chicago Blackhawks, Roberto Luongo of the Vancouver Canucks, Marc Savard of the Boston Bruins and Chris Pronger of the Philadelphia Flyers.
"We are pleased to finalize an agreement which ends the league's circumvention investigations and also establishes rules on long-term contracts that will provide players, their certified agents and general managers clarity for the negotiation of new contracts," said Roland Lee, associate counsel for the NHLPA and director of Salary Cap/Marketplace. "Turning the page on this process is something that will benefit all parties involved."
Taking into account the NHL's salary cap system and forthcoming CBA negotiations, a special calculation of value will be made in two ways for contracts that extend beyond a player's 41st birthday, and any long-term contract that averages more than $5.75 million for the three highest- compensation years will have rules put into place that limit that player's compensation to a minimum of $1 million between the ages of 36 and 40.
Because of the league's previous rules on player contracts after the age of 35, it was conceivable that someone could retire before a contract had expired, wiping the contract off the salary cap. This rule allowed teams to sign players to front-loaded contracts to benefit both the team and player.
"We're pleased to be able to establish clearly-defined rules for these types of contracts going forward and just as happy we can turn the page on uncertainties relating to several other existing contracts," NHL Deputy Commissioner Bill Daly said. "From start to finish of this multi-week process we were able to work closely and cooperatively with representatives of the Players' Association, who shared our belief that the creation of definitive rules and guidelines in this area would be beneficial to everyone -- clubs and players alike."
Kovalchuk's deal will reportedly take the team about $3 million over the salary cap with 21 players under contract, and the Devils will have to get under the $59.4 million cap before the beginning of the season while adding two more players to the roster.
Kovalchuk posted 41 goals and 85 points in 76 games last season, 10 goals and 27 points coming in 27 games with New Jersey. In a five-game first-round playoff loss, the 27-year-old added two goals and six points.
In 621 games since entering the league in 2001, he has accumulated 338 goals and 642 points with Atlanta and New Jersey.
DENTON, Texas (AP) -Todd Dodge is no longer the hot shot high school coach hired to energize the North Texas football program.After 31 losses in three years, he's just trying to hang on to his job and avoid becoming another case study in why it's so
<< Rockies extend San Diego's losing streak to eight
San Diego, CA (Sportsbook Betting Lines) - Jason Giambi and Troy Tulowitzki each hit a
two-run homer, as the Colorado Rockies dealt San Diego an eighth consecutive
defeat, 4-3, in the opener of a three-game series.
Aaron Cook (5-8), who was acti
<< A's blank struggling Angels behind Gonzalez
Oakland, CA (Sportsbook Betting Lines) - Cliff Pennington and Kevin Kouzmanoff each
homered during a six-run seventh, as the Oakland Athletics dominated the
Angels, 8-0, in the opener of a three-game series.
Gio Gonzalez (13-8) tossed si
<< Giants trade for Sage Rosenfels
East Rutherford, NJ (Sportsbook Betting Lines) - The New York Giants have found a
backup quarterback after acquiring Sage Rosenfels from the Minnesota Vikings
on Friday.
The trade also saw running back and return specialist Darius Reynaud h
<< D-Backs edge Astros
Phoenix, AZ (Sportsbook Betting Lines) - Augie Ojeda's sacrifice fly in the bottom of
the eighth delivered the winning run as Arizona downed Houston, 4-3, to start
a three-game set.
Adam LaRoche went 2-for-4 with two runs batted in and Gerardo Pa
LUBBOCK, Texas (AP) -June Jones knows the order is a tall one for his improving SMU squad.The Mustangs will open the season Sunday in Lubbock as the first opponent for new Texas Tech coach Tommy Tuberville, who vowed when he took over in January not
Sisk keeps lead at Mylan Classic >>
Canonsburg, PA (Sportsbook Betting Lines) - Geoffrey Sisk remained atop the leaderboard
Saturday when the second round of the rain-delayed Mylan Classic was
completed.
Sisk played the final three holes of his round and finished off a four
Georgia holds A.J. Green out of opener >>
ATHENS, Ga. (AP) -Georgia star receiver A.J. Green is being held out of the Bulldogs' opening game against Louisiana-Lafayette.Georgia spokesman Claude Felton says Green will miss Saturday's game for the No. 23 Bulldogs pending a ruling from the NCA
Scorching Yanks seek eight straight win in test with Jays >>
(Sportsbook Betting Lines) -- The New York Yankees have solved just about all their
problems during a seven-game winning streak that matches the team's longest of
the season. The defending world champions will now turn their attention
towards getting Jav
Red Sox, White Sox to begin set with double dip >>
(Sportsbook Betting Lines) -- After mother nature delayed the opening of this important
weekend set, the Boston Red Sox and Chicago White Sox will renew acquaintances
with a day-night doubleheader that begins this afternoon from Fenway Park.
The arriv
MySportsbook.com : Fortune Favors Favorites in March Madness betting?
Just like Day 1 of the “Sweet 16”, Friday’s games are chock full of some of the nation’s elite. Unlike Thursday’s games, there is a little bit more of a “Cinderella” feel as #7 seed UNLV and #6 seed Vanderbilt will attempt to move on to the Elite Eight. With powerhouses Florida, UNC and Georgetown looking to continue their momentum against lesser known teams, it isn’t surprising that once again the “betting public” is backing most of the favorites. As the early coin rolls in, 56% of Sportsbook.com bettors prefer Georgetown (-7.5) as they take on Vanderbilt; 84% of the early money is backing Oregon (-3) as they square off against UNLV; and a slight majority (52%) of the early cash is on Florida (-10.5) against Butler as the Gators continue their quest for another National Title. The only favorite the public don’t seem confident in is UNC, as 59% of the cash is backing the underdog Trojans (+8).
Midwest
#1 Florida vs. #5 Butler
The defending National Champs have been on a mission since last April. Joakim Noah and Al Horford turned down millions of dollars for one reason, to REPEAT. After a late season hiccup which saw them lose three out of four, the Gators have won six straight by an average of 20.3 points. More importantly, they covered in five of those six games. Behind their stymie defense that yields only 56.9 PPG, Butler has been a very pleasant surprise this season. As their 20-11 ATS record will indicate, “surprise teams” like Butler are often good bets for gamblers. Playing in an average conference, Butler wasn’t and underdog too often but when they were, they covered (6-0 ATS). Butler’s defense will have its hands full against a Gators offense which averages 80.1 PPG on an amazing 52.9% shooting from the field. With Florida’s tournament experience over the last few years, it isn’t surprising that they are 5-1 ATS this season, 20-4 ATS over the last three seasons and 38-20 since 1997 in tournament action.
#3 Oregon vs. #7 UNLV
As a #7 seed, UNLV is the closest thing to a “Cinderella” we have this year. If you bet on UNLV this season with any regularity, you most likely cashed in. Behind their guard oriented attack, the Rebels are an impressive 20-11 ATS this season. As an underdog they covered in 8 out of their ten games which isn’t surprising since they are 52-30 ATS as a ‘dog since 1997. The Rebels have been a consistent cover during the month of March as well. This March they are 6-0 ATS, 11-3 ATS over the last three seasons and 24-11 since 1997. Their impressive ATS trends don’t end there; versus teams with a winning record they are 15-6 ATS this season and 41-21 over the last three seasons. Although Oregon hasn’t been as generous to gamblers as UNLV this season, they have been covering consistently as of late. There is no question that they are playing their best ball of the season having won their last 8 straight up (SU) by an average of 14.5 points. Not surprising they covered in 7 of those games. It is interesting to note how similar these teams are in regards to scoring and scoring defense. UNLV averages 75 PPG while giving up 66.5 PPG and Oregon scores 75.8 PPG while yielding 65.5 PPG.
East
#6 Vanderbilt vs. #2 Georgetown
“Hoya Paranoia” is officially back! After a decent start, Georgetown has rolled through the second half of the season. Over their last 18 games, they are 17-1 SU. They have definitely improved ATS as the season has progressed as well. After opening the season 1-4-1 ATS, the Hoyas have covered 78.3% of their games. With their great interior play of Jeff Green and Roy Hibbert, the Hoyas as a team shoot 50.5% from the field. Like the Georgetown teams from years ago, they also excel on defense. Hoya opponents averaged only 56.8 PPG on 38.2% shooting from the field and an extremely low 30.4% from beyond the arc. The last stat could be of some concern to Vanderbilt considering they shoot 37.7% from long-range. Ranking second to last in the SEC in rebounding margin, Vanderbilt will have its work cut out for them against the Hoya trees. As far as covering is concerned, Vanderbilt has been almost a “sure thing” (7-1 ATS) versus good defensive teams that allow less than 64 PPG.
#1 UNC vs. # 5 USC
The Tar Heels are as talented and as deep as any team in the country. Going ten deep and chock full of HS All-Americans, UNC averages 86.1 PPG and scored 100+ seven times. Led by All-American forward, Tyler Hansbrough (18.6 PPG 7.9 RPG) UNC has a very balanced attack which can kill you on the inside as well as on the perimeter. UNC only real concern is their youth as eight of their rotation players are either sophomores or freshmen. UNC was a reliable cover this season going 20-13 ATS. An intriguing covering trend for the Tar Heels in recent years has been how they fared after non-conference games. This season they are 11-3 ATS after non-conference games and over the last three seasons they are 31-13 ATS. USC is also a pretty deep team which is loaded with swingman types. An match-up to keep an eye on will be freshman forward Taj Gibson (12.1 PPG, 8.6 RPG) as he squares off against the AA Hansbrough. USC has been a covering machine this season achieving a 21-10 record ATS. They have thrived in the underdog role, having covered 10 out of 12. When playing a team with a winning record, the Trojans are an incredible 20-6 ATS. Keep in mind, USC dedicated their season to former star to Ryan Francis who passed away before the season so as they get closer to the ultimate goal, emotion could definitely be on their side.
With Friday -105 juice on Basketball betting, MySportsbook.com is the place to bet on all of the “March Madness” action. Don’t forget to monitor who the public is backing at this sportsbook “Betting Trends”. By doing so, you have the best chance of predicting a possible line change, thus getting the best value for your wager.
To bet on March Madness games this online sportsbook accepts credit cards
About MySportsbook.com MySportsbook.com is the largest sportsbook and casino on the planet, where millions of adult Americans bet on sports, play poker and enjoy blackjack and other casino games online in a regulated and licensed jurisdiction. Named the "Best US Sports Book" by the industry's top magazine, eGaming Review, MySportsbook.com has been leading the online gaming industry since 1996. Dwarfing its nearest competitors in the US, MySportsbook.com has been the first to achieve every significant industry milestone, from record turnover to active users to number of bets--achieving a peak of fifteen bets per second. As the US online gaming leader, the firm and it's products have been featured on CBS 60 Minutes, CNN, ESPN, Wall Street Journal, Barrons, Financial Times, USA Today and in every major newspaper in the US.
Anybody who knows about online sports betting knows MySportsbook.com! They are probably the most famous offshore sports gambling website located on the web! After nearly 10 years of online sportsbook service, MySportsbook.com is still impressing their visitors with great customer service, live odds, fast payouts, and an easy-to-use website. MySportsbook.com has everything that die-hard sports fans want. For those looking to bet on all major sporting events, look no further. Make MySportsbook.com your one-stop shop for NFL football, college football, baseball, baseketball, boxing, and horseracing.
MySportsbook.com has one distinct advantage over all other online sportsbooks: They have been in the football gambling industry the longest and have served the most satisfied customers. So if you're in the market for a new online sportsbook for the next upcoming season, be sure to check out MySportsbook.com today! We are absolutely positive that you will not be disappointed with this company.
To visit this online sportsbook got to MySportsbook.com for all your football betting lines needs.