Update: 11:25AM:
Tom Gulitti spoke to NHL Deputy Commissioner Bill Daly who says that “No ultimatum has been given to anyone.”
Update: 11:01AM:
Elliotte Friedman of CBC writes about the implications of what could happen with this whole Kovalchuk and contract drama
Update: 10:11AM:
Darren Dreger tweets that according to a source, no ultimatum was given
Update: 9:36AM:
In the New York Post today, Brooks has some more information on the ordeal.
He notes that the league has decided to accept the Chris Pronger contract that was under investigation.
Original Post: September 1st at 11:04PM:
In the New York Post, Larry Brooks writes exclusively that the NHL has given the NHLPA an ultimatum on the Ilya Kovalchuk and other investigated contracts.
If the NHLPA accepts the conditions, which is why the ruling on Kovalchuk was extended until Friday at 5PM, the league will validate the Kovalchuk contract and:
1. That the cap hit on future multi-year contracts will not count any seasons that end with the player over 40 years of age. The cap hit would be calculated on the average of the salary up through age 40 only.
2. That the cap hit on future contracts longer than five years will be calculated under a formula granting additional weight to the five years with the highest salary.
If the NHLPA rejects the proposal:
1. It will reject the Kovalchuk contract.
2. It will move to immediately devoid the Luongo contract.
3. It will move to immediately open proceedings for a formal investigation into the Hossa contract.
….Wow. Sort of a late night wake up call here.
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