Arbitrator rules that Kovalchuk is a free agent

Hockey Betting Lines

08/09/2010 - New York, NY (Sportsbook Betting Lines) - An arbitrator has ruled in favor of the NHL in regard to Ilya Kovalchuk's contract with the New Jersey Devils.

The Devils signed the free agent sniper to a 17-year, $102 million contract in mid-July and the league subsequently rejected the deal on grounds that it circumvented the salary cap. The NHL Players Association quickly filed a grievance, saying the contract conformed to the current collective bargaining agreement.

Monday's announcement by arbitrator Richard Bloch means the deal becomes void and Kovalchuk again becomes an unrestricted free agent. The Devils and the Russian superstar's agent, though, can try to tweak the parameters of the deal and re-submit it to the NHL.

As a result of the decision, and under the terms of the current collective bargaining agreement, the league can fine the Devils up to $5 million and eliminate future draft picks.

More to follow.

Wwwbingogala Hockey Betting News

<< Tigers activate Guillen, option Rhymes
Detroit, MI (Sportsbook Betting Lines) - The Detroit Tigers recalled infielder Carlos Guillen from his rehab assignment with Single-A West Michigan and activated him from the 15-day disabled list on Monday. The move comes just prior to the s

<< Cowboys TE Phillips out for year with torn ACL
San Antonio, TX (Sportsbook Betting Lines) - Dallas Cowboys tight end John Phillips will miss the entire 2010 season with a torn anterior cruciate ligament in his right knee. He will have surgery when the team returns from Oxnard, CA, where it wi

<< Ilitches to make bid to purchase Pistons
Detroit, MI (Sportsbook Betting Lines) - Mike and Marian Ilitch, who already own the Tigers and Red Wings, announced their intention to make a formal bid to buy the Detroit Pistons. The Detroit Free Press revealed on Monday that the Ilitch

<< Brewers' Braun earns NL weekly honors
New York, NY (Sportsbook Betting Lines) - Milwaukee Brewers outfielder Ryan Braun was named NL Player of the Week for the seven-day period ending August 8. Braun led the majors with a .538 batting average (14-for-26) and a .586 on- base percent

<< Athletics' Cahill takes AL weekly honors
New York, NY (Sportsbook Betting Lines) - Oakland Athletics pitcher Trevor Cahill has been named the Player of the Week for the American League for the period ending August 8. It was Cahill's first-career weekly honor. The right-hander wo

Red Sox earn split with Yankees in the Bronx >>
Bronx, NY (Sportsbook Betting Lines) - Bill Hall had an RBI single and scored a run, and Jon Lester worked 6 1/3 effective innings, as the Boston Red Sox held on for a 2-1 win over the American League East-leading New York Yankees in the finale of a fo

Mariners place SS Wilson on disabled list >>
Seattle, WA (Sportsbook Betting Lines) - The Seattle Mariners have placed shortstop Jack Wilson on the 15-day disabled list with a fractured fifth metacarpal in his right hand. The veteran middle infielder suffered the injury in an accident

Astros promote P Melancon, demote Wright >>
Houston, TX (Sportsbook Betting Lines) - The Houston Astros recalled pitcher Mark Melancon from Triple-A Round Rock and sent left-hander Wesley Wright to the same club on Monday. The 25-year-old Melancon came to Houston in a July 31 t

A's call up Larish, Carter to majors >>
Seattle, WA (Sportsbook Betting Lines) - The Oakland Athletics made several moves on Monday, most notably recalling infielders Chris Carter and Jeff Larish from Triple-A Sacramento. The team also optioned outfielder Matt Carson to Sacrame

Devil Rays put Jeff Niemann on DL >>
Detroit, MI (Sportsbook Betting Lines) - The Tampa Bay Rays placed right-handed pitcher Jeff Niemann on the 15-day disabled list due to a right shoulder strain. Niemann, who is 10-3 with a 3.12 ERA in 22 games this season, was scratched from his s

MySportsbook.com offers Blackjack contest and $10,000.00 in Free Prize money!

Every month MySportsbook.com's casino host, Jack Black, gives away $10,000.00 in free casino prize money. To Enter - All you have to do is play at least 10 hands (total) of Blackjack on one of the specified dates of the blackjack contest. The online casino host randomly hands out free bonuses ranging from $50 - $500, and one lucky player who will receive a free $2,500.00 bonus.

"We have been running this monthly free blackjack contest to our active mebers for 5 years now, and the players just love it," says Jack Black, online casino host at MySportsbook.com. "And why wouldn't they love a free chance to win some extra online blackjack cash."

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