This from the NHL:
NHL, DEVILS RESOLVE KOVALCHUK CONTRACT DISPUTE
NEW YORK (September 13, 2010)—As a result of the finding by Arbitrator Richard Bloch on August 9, 2010, that Ilya Kovalchuk’s initial free agent contract with the New Jersey Devils, dated July 19, 2010, constituted a circumvention of the NHL/NHLPA Collective Bargaining Agreement (the “CBA”), the National Hockey League announced today that the Club has been disciplined in accordance with Section 26.13© of the CBA as follows:
The Club has been fined $3 million.
The Club will forfeit its third-round draft choice in 2011 as well as a first-round draft choice in one of the next four Entry Drafts. It will be the Club’s decision when, within the next four years, it will forfeit its first-round choice. The Club must advise the League of that decision by the day following the conclusion of the Stanley Cup Final in the calendar year in which the choice will be forfeited. Per the terms of the settlement reached earlier this month by the NHL and the NHLPA, there will be no corresponding reduction in the Club’s Payroll Room resulting from the Club fine.
The League now considers the matter closed and will have no further comment on the situation, including with respect to the discipline that was imposed today.
And here is Lou Lamoriello’s reaction in a statement:
“We were today advised of the ruling by the Commissioner with respect to the Kovalchuk matter. We disagree with the decision. We acted in good faith and did nothing wrong. We will have no further comment.”