Music: {allcanada} NHL gives Players Assn. ultimatum on Kovalchuk, Luongo, Hossa

Wednesday, September 1, 2010

{allcanada} NHL gives Players Assn. ultimatum on Kovalchuk, Luongo, Hossa

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The NHL has given the NHLPA an ultimatum regarding the contested front-loaded contract of not only the Devils' Ilya Kovalchuk, but Vanocuver's Roberto Luongo and Chicago's Marian Hossa, as well, The Post has learned.

A well placed source reports that the league has informed the Players' Assn. that the league will grandfather the recently submitted Kovalchuk 15-year, $100M contract, Luongo's 12-year, $64M deal that is entering its second season and Hossa's 12-year, $63.3M deal that also is entering its second season into the CBA under the following conditions:

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.

The league has given the PA, which is being directed by Donald Fehr, until Friday at 5 pm to accept these conditions. If the PA refuses, or if negotiations fail to yeild a common ground, the league has informed the PA that:

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.

The NHL owns sweeping punitive powers against teams and players judged guilty of circumvention under Article 26 of the CBA.