Here we go again.
Arbitrator Richard Bloch ruled that Kovalchuk's contract circumnavigated the NHL's salary cap and is therefore voided.
A statement from NHL Deputy Commissioner Bill Daly:
"We want to thank Arbitrator Bloch for his prompt resolution of a complex issue. 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."
More to come from myself and Joe before the night is over, and tune into Rink Side Radio tonight at 9:00 PM ET, where Joe will have the appropriate guests, including James Mirtle.