Luongo - 12 years $64 Million
Pronger - 7 years $34.45 Million - signed after he was 35 no? why would it matter?
Savard - 7 years $28.05 Million
Hossa - 12 years $62.8 Million
Is this something that can be reversed if they deem it to be unacceptable? It's too late to go back on those now is it not?
The hammer that fell on the New Jersey Devils and Ilya Kovalchuk regarding the sniper's voided 17-year contract with the team could deal blows to other NHL clubs with stars signed to similar deals.
Vancouver Canucks general manager Mike Gillis has confirmed that the league is taking another look at netminder Roberto Luongo's 12-year, $64 million contract, according to a report by The Vancouver Sun.
"We have complied with the NHL request for information and are awaiting further instructions," Gillis said. "Cannot say anything further at this point."
The Canucks aren't alone. In arbitrator Richard Bloch's ruling favouring the NHL in the Kovalchuk case, Bloch apparently compares contracts belonging to Chris Pronger, Marc Savard and Marian Hossa to Kovalchuk's and suggests that the league is putting them under the microscope.
"The apparent purpose of this evidence is to suggest that the league's concern is late blooming and/or inconsistent." Bloch wrote in his ruling. "Several responses are in order: First, while the contracts have, in fact, been registered, their structure has not escaped league notice: those SPCs (Standard Player Contracts) are being investigated currently with at least the possibility of a subsequent withdrawal of the registration."
Each of the above players will be 39 years old or over by the time their contracts expire, and their annual earnings drop significantly in the final years of their deals.
Luongo, who signed his deal last September, is set to earn $57 million in the first eight years of his contract and only $7 million in the last four. The deal would see him play until the age of 43 with a cap hit of $5.33 million.
Pronger's seven-year, $34.45 million contract with the Philadelphia Flyers, signed in July 2009, will earn him $33.4 million in the first five years and lasts until he is 41 with a cap hit of about $4.21 million.
Savard signed with the Boston Bruins for seven years and $28.05 million this past December. At a cap hit just over $4 million, he'll make $25.5 million in the first four years of the deal which runs out when he's 39.
Hossa joined the Chicago Blackhawks in July 2009 after signing a 12-year, $62.8 million contract with the club. He is due to make $59.3 million of it in the first eight years. The deal comes at a cap hit of just over $5.23 million and expires when he's 42.
Bloch ruled in favour of the NHL voiding Kovalchuk's 17-year, $102 million contract with the Devils Monday.
The deal, signed July 20, would have seen Kovalchuk earn $95 million in the first 10 years and $7 million over the last seven, resulting in a $6 million cap hit. He would have been 44 years old by the end of the deal in 2027.
"We want to thank Arbitrator Bloch for his prompt resolution of a complex issue," NHL Deputy Commissioner Bill Daly said in a statement. "His ruling is consistent with the league's view of the manner in which the Collective Bargaining Agreement should deal with contracts that circumvent the salary cap."
Devils president, CEO and general manager Lou Lamoriello also issued a statement in response to Bloch's decision.
"We have reviewed and respect arbitrator Bloch's ruling in the Kovalchuk matter," Lamoriello said. "We also note and appreciate his finding that nothing in his opinion should be read as suggesting that either the club or Ilya Kovalchuk operated in bad faith or on the basis of any assumption other than that the Standard Player Contract was fully compliant with the CBA. That has been our consistent position throughout.
"While we do not currently have a contract with Ilya Kovalchuk, discussions have resumed and we are hopeful that a contract will be reached that meets with the principles in arbitrator Bloch's award and the NHL's approval."
As a result of the ruling, Kovalchuk is once again an unrestricted free agent and any team is able to sign him.
The fate of others remains to be seen.