Kovy is a Devil

[ComradeT]

$100mm over 15 years, $6.67mm per year cap hit.

http://www.nhl.com/ice/news.htm?id=536524

[A-Yo!]

How appropriate that the devils deal is for 6.66 m a year. Does makes sense since has that number on his body somewhere!

[WaukeeBlues]

Wasn't that substantially the same cap hit per year as the previous deal?

This deal was more acceptable because... ?

edit: Accepted because of this...

Early Saturday morning, the National Hockey League and the NHL Players' Association agreed to a global settlement to cease the investigations linked to cap circumvention for the above contracts while adopting regulations to govern long-term contracts of five or more years.

The regulations will be added as a supplement to the Collective Bargaining Agreement and apply to all contracts signed from today. As a result, NHL officials agreed to register the new Kovalchuk contract as it was submitted by New Jersey last week and terminate their reviews of the contracts already registered for Luongo, Savard, Pronger and Hossa.

Loophole come to an end? Looks like it.