wow this is a hefty price to pay for the devils. They are fined and will be stripped of draft picks for circumventing the cap.
The NHL has come down hard on the New Jersey Devils for deliberately circumventing the league's salary cap in their original attempt to sign forward Ilya Kovalchuk.
The league announced in a press release Monday that they have fined the Devils $3 million and that the club will forfeit their third-round draft choice in the 2011 NHL Entry Draft as well as a first-round draft choice in one of the next four NHL Entry Drafts.
It will be the Devils' decision which year they will forfeit the first round choice, they must advise the NHL of their decision by the day following the conclusion of the Stanley Cup Final in the calendar year in which the pick