Kovalchuk pact approved; NHL-NHLPA adopt rules for long-term deals

Hockey Betting Lines

09/04/2010 - Toronto, ON (Sportsbook Betting Lines) - Ilya Kovalchuk will finally join the New Jersey Devils after his re-submitted contract was officially and finally approved by the National Hockey League just before 3 a.m. (et) Saturday morning.

The re-worked contract now calls for Kovalchuk to collect a reported $100 million over 15 years, with an annual cap hit of close to $6.66 million. The deal is thought to pay out $90 million in the first 10 years and $10 million over the last five.

Kovalchuk's initial 17-year, $102 million deal with the Devils was rejected by the league on the grounds that it circumvented the league's salary cap. The deal was front-loaded so Kovalchuk could have earned as much money as possible while providing the lowest possible cap hit for the team.

The NHL Players' Association filed a grievance on Kovalchuk's behalf, but an arbitrator ruled in favor of the league. The Russian star, now 27, would be approaching age 43 when the contract expires.

The rejection of the contract provided much debate throughout the league in terms of "lifetime" contracts given to players that have helped reduce the yearly salary cap hit. Several players in previous years signed deals that took them past 40 years of age and saw the annual salary dip below $1 million in the final years of the contract.

The NHL and NHLPA together, did away with those scenarios in one fell swoop Friday, jointly adopting new regulations on such pacts while simultaneoulsy ruling on Kovalchuk's situation after a whirlwind of postponements on a ruling that stretched well into the night.

The new rules will apply only to long-term contracts, five years or longer in length, and only those going forward beyond the September 4 ruling date. All previous contracts are grandfathered in, meaning Kovalchuk's contract will likely be the last of its kind.

To that end, the two entities also announced that the league will terminate its circumvention investigations into the contracts signed in 2009 by Marian Hossa of the Chicago Blackhawks, Roberto Luongo of the Vancouver Canucks, Marc Savard of the Boston Bruins and Chris Pronger of the Philadelphia Flyers.

"We are pleased to finalize an agreement which ends the league's circumvention investigations and also establishes rules on long-term contracts that will provide players, their certified agents and general managers clarity for the negotiation of new contracts," said Roland Lee, associate counsel for the NHLPA and director of Salary Cap/Marketplace. "Turning the page on this process is something that will benefit all parties involved."

Taking into account the NHL's salary cap system and forthcoming CBA negotiations, a special calculation of value will be made in two ways for contracts that extend beyond a player's 41st birthday, and any long-term contract that averages more than $5.75 million for the three highest- compensation years will have rules put into place that limit that player's compensation to a minimum of $1 million between the ages of 36 and 40.

Because of the league's previous rules on player contracts after the age of 35, it was conceivable that someone could retire before a contract had expired, wiping the contract off the salary cap. This rule allowed teams to sign players to front-loaded contracts to benefit both the team and player.

"We're pleased to be able to establish clearly-defined rules for these types of contracts going forward and just as happy we can turn the page on uncertainties relating to several other existing contracts," NHL Deputy Commissioner Bill Daly said. "From start to finish of this multi-week process we were able to work closely and cooperatively with representatives of the Players' Association, who shared our belief that the creation of definitive rules and guidelines in this area would be beneficial to everyone -- clubs and players alike."

Kovalchuk's deal will reportedly take the team about $3 million over the salary cap with 21 players under contract, and the Devils will have to get under the $59.4 million cap before the beginning of the season while adding two more players to the roster.

Kovalchuk posted 41 goals and 85 points in 76 games last season, 10 goals and 27 points coming in 27 games with New Jersey. In a five-game first-round playoff loss, the 27-year-old added two goals and six points.

In 621 games since entering the league in 2001, he has accumulated 338 goals and 642 points with Atlanta and New Jersey.

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Football Betting Lines

The 2009 AP NFL Offensive Rookie of the Year odds have been released and Denver Broncos' running back Knowshon Moreno has been made the opening favorite.

Bet NFL Sports Lines

Moreno was selected in the first round of April's NFL draft and is expected to carry the rushing load for the Broncos this season. And with Jay Cutler now in Chicago, Moreno might be expected to be Denver's entire offense.

Betting Lines from sports betting lines have made Moreno a 5/2 favorite to win this year's Offensive Rookie of the Year Award. Fellow running back Chris “Beanie” Wells (Arizona Cardinals) is right behind Moreno at 7/2, while Donald Brown (Indianapolis Colts) and receiver Michael Crabtree (San Francisco 49ers) are 5/1 to win. Quarterbacks Mark Sanchez (New York Jets) and Matthew Stafford (Detroit Lions) are 7/1 and 8/1, respectively.

A couple of players who present some value are Josh Freeman, Shonn Green and Darrius Heyward-Bey.

Freeman needs to beat out Byron Leftwich to become the starting quarterback of the Tampa Bay Buccaneers but if he does, he has a lot or raw talent and could use the weapons around him (i.e. Kellen Winslow Jr. and Antonio Bryant) to be very successful in his first season.

Green enters a crowded backfield in New York, but considering both Thomas Jones and Leon Washington are unhappy about their contract situations and might holdout, the former Iowa product could become the Jets' primary back.

Everyone was shocked when Al Davis took Heyward-Bey with the eighth overall pick in April's draft, but the kid has a tremendous amount of talent and if quarterback JaMarcus Russell takes the next step this year, the former Maryland product could blossom. Plus, Heyward-Bey will be looking to prove the people wrong who said Oakland should have taken Michael Crabtree with the No. 8 pick.

And if you're looking for a deep sleeper, check out Pat White at 30/1. He enters the Miami Dolphins vaunted “Wild Cat” offense and could be a big time playmaker.

For complete odds on the 2009 AP NFL Offensive Rookie of the Year odds, see below.

2009 AP NFL Offensive Rookie of the Year Odds to Win

Ramses Barden (NYG) 40/1

Andre Brown (NYG) 20/1

Donald Brown (IND) 5/1

Kenny Britt (TEN) 20/1

Glenn Coffee (SFO) 30/1

Chase Coffman (CIN) 50/1

Michael Crabtree (SFO) 5/1

Josh Freeman (TB) 14/1

Shonn Green (NYJ) 14/1

Percy Harvin (MIN) 10/1

Darrius Heyward-Bay (OAK) 18/1

Juaquan Iglesias (CHI) 30/1

Cornelius Ingram (PHI) 50/1

Rashad Jennings (JAC) 30/1

Johnny Knox (CHI) 40/1

Jeremy Maclin (PHI) 18/1

Mohamed Massaquoi (CLE) 30/1

LeSean McCoy (PHI) 12/1

Knowshon Moreno (DEN) 5/2

Hakeem Nicks (NYG) 18/1

Brandon Pettigrew (DET) 30/1

Brian Robiskie (CLE) 20/1

Mark Sanchez (NYJ) 7/1

Matthew Stafford (DET) 8/1

Jason Smith (STL) 40/1

Mike Thomas (JAC) 25/1

Patrick Turner (MIA) 50/1

Mike Wallace (PIT) 50/1

Chris Wells (ARI) 7/2

Pat White (MIA) 30/1

Field (Any Other Player) 9/1

Betting Line

To visit this sports betting site go to BettingExpress.com for all your football betting lines needs.

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MySportsbook.com Releases World Series Championship Lines

New York Yankees and Chicago White Sox early favorites to win 2008 World Series
The Major League Baseball season starts this weekend and MySportsbook.com, a leading online sportsbook for over 8 years, is the first to offer baseball sports betting lines on who will win the 2007 World Series.

"The World Series is the biggest baseball event in the sports betting world and MySportsbook.com is excited that we are first to market with betting lines on every team," says Tim Dalton, Marketing Director, MySportsbook.com. "We are getting things ready for a great baseball season and our members are looking forward to our Player Payback Bonuses, as well as Dime Lines, all season long."

Going in to this weekend, MySportsbook.com's favorites to win the World Series are the New York Yankees at 7-2 and last year’s winners the Chicago White Sox at 9-2.

"These betting lines are ripe for the picking," Dalton added, "baseball fans know that the season is long and many factors, including players staying healthy, will affect these Future odds as the baseball season progresses. Betting on your favorite team in the beginning of the season could prove quite lucrative. We are seeing examples of this right now in the NCAA College Basketball Tournament with a lucky few that placed pre-season bets on George Mason to win it all. Anything can happen."

To visit this online sportsbook got to MySportsbook.com for all your Sportsbook accepts Mastercard needs..

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MySportsbook.com is the foremost online sportsbook offering Internet wagering to its worldwide customers. Fully licensed and regulated in St. John’s, Antigua since 1997, MySportsbook.com offers a complete range of online casino games, sports betting lines, poker tournaments and horse racing offtrack betting daily through its portfolio of companies and managed services. With over 7 years of experience, MySportsbook.com has become one of the most respected companies in the gaming industry by providing unparalleled 24/7 customer support and timely payouts. MySportsbook.com is part of the SportingBet PLC group of companies that is publicly-traded on the London Stock Exchange ( LSE ) under the symbol SBT.L. MySportsbook.com provides a secure environment for sports and casino wagering and has been featured in numerous media outlets, including MAXIM Magazine, Cigar Aficionado, and CNN’s Paula Zahn Now among others.