From Tom Gulitti:
"We have been advised today that the NHL has approved the contract between Ilya Kovalchuk and the New Jersey Devils. We are very pleased with this decision which will see Ilya Kovalchuk remain a valuable member of the Devils," Lamoriello said. "The New Jersey Devils acted in good faith throughout this entire process and operated solely on the assumption that our negotiations and both contracts reached were fully compliant with the CBA, as written and applied. Arbitrator Bloch reached that same conclusion in his August 9 decision. We are pleased that this matter has finally been concluded to all parties' satisfaction."
The bit about "assumption" and "good faith" obviously speaks to the Devils trying to avoid being penalized for cap circumvention.