I know what you’re thinking: “Whew! It’s finally over.” Yes, the summer-long saga that was superstar forward Ilya Kovalchuk’s contract has come to an end. But, the NHL’s approval of the agreement between the New Jersey Devils and Kovalchuk worth $100 million over 15 years did not come without caveat.
The old system of determining cap hit was to take the average salary throughout the duration of the contract. Just reading those words you can see what NHL officials didn’t: teams will sign long-term deals to reduce cap hits. And, though there was nothing in the Collective Bargaining Agreement against the original 17-year, $102 million deal, the NHL rejected it and had their rejection upheld.
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Source : http://bizofhockey.com/index.php?option=com_content&view=article&id=388:kovalchuk-deal-will-alter-future-nhl-stars-contracts&catid=46:articles-and-opinions&Itemid=64