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.

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Mayweather picked to beat De La Hoya
LAS VEGAS, NEVADA -- Golden Boy Oscar De La Hoya and his rival Floyd Mayweather Jr. arrived at the MGM Grand here Wednesday amid the pomp and pandemonium befitting two of the biggest stars in the sport who are about to duke it out for the WBC super welterweight crown this Saturday (Sunday in Manila).

As of Wednesday, MySportsbook.com closed its book with Mayweather a favorite to defeat De La Hoya at -170 (a $100 bet wins $70), while De La Hoya is a +140 underdog (a $100 bet wins $140).

Mayweather arrived at about 11:30 a.m. on a big truck with his face and a big "World's Best Pound-for-Pound" sign scribbled across the vehicle. He was accompanied by his entourage made up of rappers and his training team.

A crowd of close to 3,000 eager fans packed the MGM Grand lobby, with their cameras in tow, all trying to vie for position to get a good angle at Mayweather, who is acknowledged as the world's best fighter pound-for-pound.

Eric Gomez, Golden Boy Promotions vice-president, described the fan turnout as "amazing" and swore he had never seen anything quite like this event.

"The crowd was fantastic. Everybody was just too eager to see the two fighters," said ALA manager Michael Aldeguer, who was among those who waited at the lobby together with his ward Rey "Boom Boom" Bautista and AJ Banal.

De La Hoya made his own grand entrance at the hotel lobby at around 12:30 p.m. accompanied by GBP chief executive officer Richard Schaefer and trainer Freddie Roach.

The same group of fans who trooped to see Mayweather also lingered around to get a close look at De La Hoya, who has been secretly working out at a Las Vegas gym for days after arriving from his main training camp in Puerto Rico.

The golden boy then took part in a closed-door afternoon workout with Bautista and Banal. The two, along with Aldeguer and wife Christine, as well as an HBO crew were the only ones allowed inside the gym.

De La Hoya and Mayweather take part in today's final press conference before the official weigh-in this Friday.

Ring Magazine, the acknowledged bible of boxing, reported in its June 2007 issue that 12 out of 20 boxing experts it interviewed have favored Mayweather to defeat De la Hoya, with only 8 favoring the latter.

But Filipino ring icon Manny Pacquiao said in a recent interview with The Freeman's Emmanuel Villaruel that De La Hoya will win by unanimous decision over Mayweather.

To visit this online sportsbook got to MySportsbook.com for all your bet on boxing needs.

MySportsbook.com Posts Heisman Trophy Odds

With 3,919 passing yards, 32 touchdowns and a mere seven interceptions last season, combined with a powerful South Bend Heisman legacy, odds makers at MySportsbook.com have given Notre Dame senior quarterback Brady Quinn the best Heisman Trophy odds at 5-2.

Quinn isn’t the only big man on campus this season.  Oklahoma junior running back and 2004 Heisman runner-up Adrian Peterson, listed at 7-2, rushed for a combined 3,033 yards in his first two years as a college player and will give Quinn a run for his money. 

This online sportsbook has also listed Troy Smith, Ohio State senior quarterback, as another strong favorite to win the 72nd Heisman Trophy.  A 7-1 bet, Smith threw for 2,282 yards last season and also led the Buckeyes to a convincing 34-20 victory over Quinn and the Fighting Irish in last season’s Fiesta Bowl.

Current betting odds Heisman trophy are:

Brady Quinn (QB, Notre Dame)
Adrian Peterson (RB, Oklahoma)
Troy Smith (QB, Ohio State)
Michael Bush (RB, Louisville)
Steve Slaton (RB, West Virginia)
Brian Brohm (QB, Louisville)
Chris Leak (QB, Florida)
Mike Hart (RB, Michigan)
Ted Ginn (WR, Ohio State)
Darius Walker (RB, Notre Dame)
Drew Tate (QB, Iowa)
Marshawn Lynch (RB, Cal)
Kenny Irons (RB, Auburn)
Chad Henne (QB, Michigan)
Kyle Wright (QB, Miami)
Drew Stanton (QB, Michigan State)
Kenneth Darby (RB, Alabama)
JaMarcus Russell (QB, LSU)
Drew Weatherford (QB, Florida State)
Blake Mitchell (QB, South Carolina)
Reggie Ball (QB, Georgia Tech)		 5-2
7-2
7-1
10-1
10-1
12-1
12-1
18-1
18-1
20-1
30-1
35-1
35-1
40-1
50-1
50-1
60-1
60-1
60-1
60-1
60-1

For complete NCAA Football odds visit MySportsbook.com.