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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Mens NCAA Basketball Tournament odds  
As of February 9, MySportsbook.com has released its coveted 2007 Mens NCAA Basketball Tournament betting odds. “March Madness betting ” only a month away, the top ranked Florida Gators are favorite at 7-2 to win it all. The defending champs have not disappointed at all this season and currently have a 22-2 record and are undefeated (9-0) in SEC play. The Gators’ thrive off of their extremely balanced, experienced and versatile attack. All five starters started in last seasons National Championship game. What is most impressive with this group is their balance; the five starters all average between 10.7 and 13.6 PPG. The Gators have been on an absolute roll having won 15 straight by an average of 16.4 PPG.

Right behind the Gators are the 5th ranked UNC Tar Heels at 9-2. The Heels (21-3, 7-2) are absolutely loaded with top notch talent and are as deep as any team in the country. A concern for the Tar Heels might be inexperience. Of their top four scorers/ minute earners, three are freshmen and the other is a sophomore. The rest of the regular season, the Tar Heels play only one team that is currently ranked (Duke). Their remaining opponents do combine for an impressive 107-58 record though.

Other teams that the MySportsbook.com members seem to believe will win it all include the west coasts’ top team #2 UCLA (6-1), #3 OSU behind man-child Greg Oden (8-1), and #4 Wisconsin (10-1) behind their defense which has given up 70+ points only three times all season.

Below is a list of some of the favorites to win the 2007 Men’s NCAA Basketball Championship lines. For the full list of teams and March Madness odds be sure to log onto MySportsbook.com. If you want to use your credit card to bet on college hoops or any other event, MySportsbook.com has the highest credit card acceptance rate in the industry.

Arizona 20-1

Butler 20-1

Duke 30-1

Florida 7-2

Georgetown 30-1

Indiana 35-1

Kansas 15-1

Marquette 25-1

Maryland 40-1

Memphis 50-1

Nevada 50-1

UNC 9-2

OSU 8-1

Oregon 30-1

Pittsburgh 15-1

Texas 30-1

Texas A&M 18-1

UCLA 6-1

Wisconsin 10-1

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MySportsbook.com Releases World Series Championship Lines

New York Yankees and Chicago White Sox early favorites to win 2008 World Series
The Major League Baseball season starts this weekend and MySportsbook.com, a leading online sportsbook for over 8 years, is the first to offer baseball sports betting lines on who will win the 2007 World Series.

"The World Series is the biggest baseball event in the sports betting world and MySportsbook.com is excited that we are first to market with betting lines on every team," says Tim Dalton, Marketing Director, MySportsbook.com. "We are getting things ready for a great baseball season and our members are looking forward to our Player Payback Bonuses, as well as Dime Lines, all season long."

Going in to this weekend, MySportsbook.com's favorites to win the World Series are the New York Yankees at 7-2 and last year’s winners the Chicago White Sox at 9-2.

"These betting lines are ripe for the picking," Dalton added, "baseball fans know that the season is long and many factors, including players staying healthy, will affect these Future odds as the baseball season progresses. Betting on your favorite team in the beginning of the season could prove quite lucrative. We are seeing examples of this right now in the NCAA College Basketball Tournament with a lucky few that placed pre-season bets on George Mason to win it all. Anything can happen."

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