League voids Kovalchuk's deal with Devils

Hockey Betting Lines

07/20/2010 - Toronto, ON (Sportsbook Betting Lines) - The NHL has rejected Ilya Kovalchuk's 17-year, $102 million contract with the New Jersey Devils on grounds that it circumvents the league's salary cap.

The report is according to TSN Canada.

The rejection is 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.

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 was the hottest commodity on this year's free agent market, as he was pursued by the Devils, Kings, Islanders and a Russian club among others. He has turned down reported offers of $70 million over seven years and $100 million over 12 years from the Thrashers, who finally gave up on re-signing the sniper and sent him to New Jersey in a package that netted Atlanta defenseman Johnny Oduya, right wing Niclas Bergfors, forward Patrice Cormier and a first-round draft pick.

Wwwmoneyplayscasino Hockey Betting News

<< Mora, Francis help Rockies rout Marlins
Miami, FL (Sportsbook Betting Lines) - Melvin Mora finished a triple shy of the cycle and Jeff Francis tossed seven scoreless innings, as the Colorado Rockies dominated the Florida Marlins, 10-0, in the second test of a four-game series at Sun

<< Mora, Francis help Marlins rout Rockies
Miami, FL (Sportsbook Betting Lines) - Melvin Mora finished a triple shy of the cycle and Jeff Francis tossed seven scoreless innings, as the Colorado Rockies dominated the Florida Marlins, 10-0, in the second test of a four-game series at Sun

<< NCAA probe on agent dealings extends to Alabama
Tuscaloosa, AL (Sportsbook Betting Lines) - The NCAA's investigation into possible improper dealings with sports agents has reportedly reached the University of Alabama. A number of schools have had athletes' names surface in an increasi

<< Malisse advances, Tipsarevic upset in Atlanta
Atlanta, GA (Sportsbook Betting Lines) - Seventh-seeded Xavier Malisse was a straight- set winner, while fifth-seeded Janko Tipsarevic was an upset victim in Tuesday's first-round action at the Atlanta Tennis Championships. The Belgian Mali

<< Phillies P Moyer leaves game
St. Louis, MO (Sportsbook Betting Lines) - Philadelphia Phillies pitcher Jamie Moyer left Tuesday's game against St. Louis after one inning with a left elbow strain. Moyer allowed two hits in one scoreless inning, throwing 18 pitches. It

Braves top Padres behind Diaz, Jurrjens >>
Atlanta, GA (Sportsbook Betting Lines) - Matt Diaz homered in his third straight game and Jair Jurrjens tossed seven strong innings, as the Atlanta Braves defeated San Diego, 4-1, in the opener of a three-game series at Turner Field between the top

Timberwolves to introduce Ridnour Wednesday >>
Minneapolis, MN (Sportsbook Betting Lines) - The Minnesota Timberwolves will announce the signing of free agent guard Luke Ridnour on Wednesday. The team scheduled a press conference to introduce the former Milwaukee Buck, who agreed to a four-yea

Hunter remains undefeated as Rangers rout Tigers >>
Detroit, MI (Sportsbook Betting Lines) - Tommy Hunter gave up three hits in seven innings to stay undefeated on the year and Ian Kinsler drove in three runs in an 8-0 Rangers win against the Tigers. Kinsler had one of three Texas home runs

Angels' home run parade leads to rout of Yankees >>
Bronx, NY (Sportsbook Betting Lines) - Mike Napoli, Maicer Izturis and former Yankee Hideki Matsui each hit a two-run homer to lead the Angels to a 10-2 win over New York at Yankee Stadium. Napoli finished with four RBI for the Angels, who capt

Cardinals cruise behind Carpenter to top flailing Phils >>
St. Louis, MO (Sportsbook Betting Lines) - Chris Carpenter allowed just one run in eight strong innings, and the St. Louis Cardinals defeated the struggling Philadelphia Phillies, 7-1, in the second of four games at Busch Stadium. Carpenter

Super Bowl XLIII Betting - Super Bowl 2009

Super Bowl 2009, the Arizona Cardinals and the Pittsburgh Steelers.

Let’s take a look at the Super Bowl 2009 betting odds and the betting line and figure out where they’ve been and where they are going to go.

MySportsbook.com put up the Super Bowl 2009 betting odds late on Sunday night with the Pittsburgh Steelers favored by 6.5 points and a total betting line at 47.5 points.

Since then, however, the Super Bowl 2009 betting odds have seen a good deal of movement and you’ll want to be on top of where they are likely to move to make sure you get the best line value for the big game.

Since opening, the Super Bowl 2009 betting lines went to Steelers -7 in the span of roughly 3 hours but were quickly bought back down just minutes later to 6.5 again.

After that is took about 5-6 more hours before the betting line went back to -7 where it has sat for a while now and is likely to remain. The opening betting total of 47.5 was bet down right after the line became available and went to 47 within minutes.

Roughly a day later it has been bet even further down to the 46.5 tally it currently is set at.

Roughly 60% of gamblers seem to be on the Cardinals here so the point spread will be bet down and a 7.5 would not last very long at all with many taking the early 6.5 in hopes of finding a potential middle in the Super Bowl 2009 betting odds.

If you like Arizona and see a 7.5, I’d take it as soon as possible because it’s unlikely to last. For Pittsburgh backers, the -7 might be the best you’ll be able to find but a 6.5 is definitely possible close to game time.

Regarding the Super Bowl 2009 betting odds for the total, most tracked gamblers are already on the over and with those who took the under 47.5 already securing a middle on the over 46.5, the only way I see it moving is back up to 47 so if you like the over, I’d recommend betting now.

Get free Super Bowl XLIII Betting from top rated online sportsbook MySportsbook.com. Mysportsbook.com online Super Bowl betting with credit cards