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New Jersey Devils Fined For Ilya Kovalchuk Contract

Although this was pushed to the side once Richard Bolch came down with his ruling in favor of the NHL, it’s back now.

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The New Jersey Devils have been fined $3 million (which will not count against the cap), their 2011 third round pick and a first round pick. When it comes to the First round pick the Devils have the option to chose when to lose it, over a period of the next four years. So they will lose a first round pick in either the 2011, 2012, 2013 or 2014 NHL Entry Draft.

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Phew … OK, now this saga is officially over.