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Offical terms of Mr. Kovalchuk’s 17 year deal…



Ilya1 Offical terms of Mr. Kovalchuks 17 year deal...

Per NJ.com:

Ilya Kovalchuk’s blockbuster 17-year contract with the Devils is finally complete and set to be approved by the NHL.

Here are the details of the deal, which has been filed with the NHL and NHL Players’ Association:

2010-11: $6 million
2011-12: $6 million
2012-13: $11.5 million
2013-14: $11.5 million
2014-15: $11.5 million
2015-16: $11.5 million
2016-17: $11.5 million
2017-18: $10.5 million
2018-19: $8.5 million
2019-20: $6.5 million
2020-21: $3.5 Million
2021-22: $750,000
2022-23: $550,000
2023-24: $550,000
2024-25: $550,000
2025-26: $550,000
2026-27: $550,000

The contract represents a $6 million annual cap hit for the Devils.

There is a no movement clause through the 2016-17 season and a no trade clause from 2018-19 through the deal’s completion. Kovalchuk can be traded between July 1, 2017,  and June 30, 2018.

Kovalchuk will be 44 years old on April 15, 2027.

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