Polaris922 Posted July 13, 2013 Share Posted July 13, 2013 Well, the "penalty" under the rules is $300K a year for the next 12 years.But, if Kovalchuk had played any of the next four years 11.3, 11.3, 11.6, 11.8 then that cap penalty - created after the deal to retroactively punish teams - would have risen substantially.It could be rationally argued that the steep increase in penalty over the next four (fifth is 10M) years precipitated Kovalchuk's departure at this time and that the happy confluence of a lower penalty, lower salary obligation and lower obligation on the part of the league to buy them out is at play here.This, again, flies in the face of the idea of the league as 30 teams "competiing" with each other. This is a cartel that controls the flow of hockey in the country. This isn't a "free market".Pablo Bettman disagrees.... Quote Link to comment Share on other sites More sharing options...
jammer2 Posted July 14, 2013 Share Posted July 14, 2013 @radoran "This, again, flies in the face of the idea of the league as 30 teams "competiing" with each other. This is a cartel that controls the flow of hockey in the country. This isn't a "free market"." Love the way you worded that! Quote Link to comment Share on other sites More sharing options...
hf101 Posted July 15, 2013 Share Posted July 15, 2013 Kovy's mom spoke in an interview:Kovalchuk’s mother opened up to the media about what transpired and one of the first questions she was asked was if he enjoyed his time with SKA.“Of course,” Kovalchuk’s mother told SovSport’s in an interview translated by Puck Daddy’s Dmitry Chesnokov. “Otherwise this question about leaving the NHL wouldn’t even be raised. And so it happened.”Kovalchuk first began to talk about this matter with his family back in January, but he finished the season with the Devils so everything could be handled in a “civilized manner.”Some will still be surprised that Kovalchuk would leave the NHL with $77 million over 12 years left on his contract, but his mother argued that number is misleading.“After the lockout, there are a lot of restrictions at all teams,” she said. “They are also underpaid 20% [of their salary]. The League takes it as an escrow that may not be paid back if the NHL does not make profit. And then there’s government tax of 50%. That means on paper you are being paid $10 million a year, but in reality only 3. So the pendulum swung for Russia.”How much Kovalchuk will make in the KHL is unclear, but there are reports indicating that he could end up making more annually at a taxation rate of 13%. Quote Link to comment Share on other sites More sharing options...
radoran Posted July 15, 2013 Share Posted July 15, 2013 If Kovy was paying "50%" in taxes, he should audit his accountant. Quote Link to comment Share on other sites More sharing options...
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