League voids Kovalchuk's deal with Devils

Hockey Betting Lines

07/20/2010 - Toronto, ON (Sportsbook Betting Lines) - The NHL has rejected Ilya Kovalchuk's 17-year, $102 million contract with the New Jersey Devils on grounds that it circumvents the league's salary cap.

The report is according to TSN Canada.

The rejection is likely due to the way the deal is structured, which was previously reported by the Newark Star-Ledger. He was due to earn $6 million in each of the next two seasons, $11.5 million from 2012-17 and $10.5 million the following year. The salary was scheduled to fall off after that until he made $550,000 annually in the final five years of the deal. He would have been 44 years old when the contract was set to conclude in 2027.

The way the current collective bargaining agreement is structured, a player who signs a deal before the age of 35 can eventually retire and have his contract come off a team's salary cap; however, teams must negotiate in a good faith effort to have the player remain in the league for the duration of the contract. It appears the Devils frontloaded the deal so Kovalchuk could have earned as much money as possible while providing the lowest possible cap hit for the team.

Similar investigations were also launched last offseason for Philadelphia's Chris Pronger and Chicago's Marian Hossa, but the league did not void either of those contracts. Pronger signed a seven-year extension worth $35 million, where he makes $525,000 in each of the final two seasons, while Hossa makes $1 million or less in each of the final four years of his 12-year, $62 million deal.

Kovalchuk was the hottest commodity on this year's free agent market, as he was pursued by the Devils, Kings, Islanders and a Russian club among others. He has turned down reported offers of $70 million over seven years and $100 million over 12 years from the Thrashers, who finally gave up on re-signing the sniper and sent him to New Jersey in a package that netted Atlanta defenseman Johnny Oduya, right wing Niclas Bergfors, forward Patrice Cormier and a first-round draft pick.

Wwwjobtrack Hockey Betting News

<< Mora, Francis help Rockies rout Marlins
Miami, FL (Sportsbook Betting Lines) - Melvin Mora finished a triple shy of the cycle and Jeff Francis tossed seven scoreless innings, as the Colorado Rockies dominated the Florida Marlins, 10-0, in the second test of a four-game series at Sun

<< Mora, Francis help Marlins rout Rockies
Miami, FL (Sportsbook Betting Lines) - Melvin Mora finished a triple shy of the cycle and Jeff Francis tossed seven scoreless innings, as the Colorado Rockies dominated the Florida Marlins, 10-0, in the second test of a four-game series at Sun

<< NCAA probe on agent dealings extends to Alabama
Tuscaloosa, AL (Sportsbook Betting Lines) - The NCAA's investigation into possible improper dealings with sports agents has reportedly reached the University of Alabama. A number of schools have had athletes' names surface in an increasi

<< Malisse advances, Tipsarevic upset in Atlanta
Atlanta, GA (Sportsbook Betting Lines) - Seventh-seeded Xavier Malisse was a straight- set winner, while fifth-seeded Janko Tipsarevic was an upset victim in Tuesday's first-round action at the Atlanta Tennis Championships. The Belgian Mali

<< Phillies P Moyer leaves game
St. Louis, MO (Sportsbook Betting Lines) - Philadelphia Phillies pitcher Jamie Moyer left Tuesday's game against St. Louis after one inning with a left elbow strain. Moyer allowed two hits in one scoreless inning, throwing 18 pitches. It

Braves top Padres behind Diaz, Jurrjens >>
Atlanta, GA (Sportsbook Betting Lines) - Matt Diaz homered in his third straight game and Jair Jurrjens tossed seven strong innings, as the Atlanta Braves defeated San Diego, 4-1, in the opener of a three-game series at Turner Field between the top

Timberwolves to introduce Ridnour Wednesday >>
Minneapolis, MN (Sportsbook Betting Lines) - The Minnesota Timberwolves will announce the signing of free agent guard Luke Ridnour on Wednesday. The team scheduled a press conference to introduce the former Milwaukee Buck, who agreed to a four-yea

Hunter remains undefeated as Rangers rout Tigers >>
Detroit, MI (Sportsbook Betting Lines) - Tommy Hunter gave up three hits in seven innings to stay undefeated on the year and Ian Kinsler drove in three runs in an 8-0 Rangers win against the Tigers. Kinsler had one of three Texas home runs

Angels' home run parade leads to rout of Yankees >>
Bronx, NY (Sportsbook Betting Lines) - Mike Napoli, Maicer Izturis and former Yankee Hideki Matsui each hit a two-run homer to lead the Angels to a 10-2 win over New York at Yankee Stadium. Napoli finished with four RBI for the Angels, who capt

Cardinals cruise behind Carpenter to top flailing Phils >>
St. Louis, MO (Sportsbook Betting Lines) - Chris Carpenter allowed just one run in eight strong innings, and the St. Louis Cardinals defeated the struggling Philadelphia Phillies, 7-1, in the second of four games at Busch Stadium. Carpenter

Horse Betting

(This is an update of a sportsbook for the May 4th issue of ESPN The Magazine).

The Kentucky Derby's post-position draw happened on Wednesday. And, as is always the case, shortly afterwards, a buzz raced around Churchill Downs. It was a low rumble at first, nothing that the squares in the mint julep crowd pick up right away. But by the time the sun set over the twin spires, the chatter was impossible to ignore. Everyone -- sharps, trainers, owners -- was talking about one thing: the wise guy horse, the pre-draw long shot us mopes didn't have on our radar until it was too late.

"You think you're hearing the scoop," says handicapper Lane Gold. "Then you get to the window, the odds are short, and you missed it."

Recognizing a wise-guy horse early is as hard as picking a Derby bonnet. That's because handicappers don't like hype (see ya, I Want Revenge). They want Thoroughbreds who look good losing prep races like the Santa Anita Derby. They eye horses who ate up the field after starting wide or made an easy transition from synthetic tracks to dirt. They look for ponies who showed muscle gain race to race and those who ran hard after several weeks' rest.

"A wise guy," says John Avello, a bookmaker at Wynn Las Vegas, "looks for a horse who can improve."

When I first wrote Horse Betting for The Mag, which I turned in a three weeks before Wednesday's draw, I predicted these three horses had wise guy potential:

CHOCOLATE CANDY (15-1 in mid-April, currently 20-1 according to Avello): His second-place finish at Santa Anita, following a seven-week layoff, proved two things: He can run after resting, and -- by losing a high-profile prep race -- he wouldn't be overhyped.

DESERT PARTY (15-1; 15-1): He was upset in the UAE Derby by a horse he had beaten twice. The public remembers his loss, but the wise guys his wins.

PIONEEROF THE NILE (8-1; 4-1): The big favorite at Santa Anita struggled to win, so he initially got less hype than Quality Road and I Want Revenge.

You may have noticed that the odds on Pioneerof the Nile have been cut in half, from 8-1 to 4-1. Which means the wise guys took a shine to him long before the post-position draw. But, to be honest, this is one of those years with four elite horses getting everyone's attention, squares and sharps alike.

"You're not gonna get a lot of chatter about a horse that isn't in that group, which includes Pioneer, I Want Revenge, Dunkirk and Friesan Fire," Avello told me Wednesday. "We don't have a group of horses behind those top four who look like real legit contenders."

Come Derby week, the final two elements in picking a wise guy horse are how he's working out and what gate he's coming out of.

(By the way, picking a Preakness favorite is a whole different bale of hay, partially based on how horses finish in the Derby. You can see my analysis of who has the best shot at Pimlico on Insider Sunday morning.)

Well, early in the week I Want Revenge, Pioneerof the Nile and Friesan Fire were working out better than anyone. Some thought Friesan Fire, currently 6-1, might have run too fast, burning a five-furlong run in :57 4/5. "When you are running that fast you have the sense that it took something out of him," says Gold. "The Derby is longer than any horse has run, and if they need that extra surge you worry they won't have it because they burned it in the workout."

But, Gold points out, Friesan Fire's trainer is Larry Jones, Two years ago his horse Hard Spun did a five-eighths workout in :57 3/5 and then went on to finish second, behind Street Sense, in the Derby. "Every trainer has different methods," says Gold. "And clearly he knows what he's doing."

Now, as for starting position, Gold says to remember this: Churchill Downs traditionally has 14 starting gates. For the Derby, it brings out auxiliary gates and between the original 14th gate and the new 15th gate, there is a little more space than there is between gates 1-14. "That 15 position will give you a precious second or two to sort out what's happening to your inside," says Gold. "Sixteen is also okay because you can follow the horse in front of you."

Dunkirk, one of the race favorites, is coming out of gate 15. In 16 is Baffert's Pioneerof the Nile. I Want Revenge drew 13, where Smarty Jones won from in 2004, and Friesan Fire picked the sixth position. "He doesn't have a lot of speed to the inside of him," says Gold. "So he will get a clear shot to be near the front."

All the jibber-jabber means this: Pioneerof the Nile has leapfrogged from 8-1 to being the second favorite, along with Dunkirk, behind I Want Revenge. Meanwhile, Friesan Fire, with a good trainer, a strong week of training and a decent post position, is still at 6-1. "By Saturday, it's possible he could go from fourth to the favorite," says Gold.

In other words, meet Friesan Fire, your 2009 wise guy horse.

"Now," says Avello, "it's time for action."

To visit this horse betting site go to MySportsbook.com for all your horse racing betting needs.