View Single Post
Old 01-12-2014, 09:22 PM   #452
sureLoss
Some kinda newsbreaker!
 
sureLoss's Avatar
 
Join Date: May 2004
Location: Learning Phaneufs skating style
Exp:
Default

Quote:
Originally Posted by OzSome View Post
Sorry I guess I haven't been following it but what is the reason for NJ's forfeit? Does it have something to do with over the salary cap or something?
The league fined the Devils $3million, a 3rd pick in 2011 and a 1st round pick in the Devil's choice of the 2011, 2012, 2013, or 2014 drafts.

It was the penalty for signing Kovalchuk to the 1st contract of 17 years $102 million that an arbitrator ruled was cap circumvention.

Devils are widely criticized for not forfeiting the pick in 2012 when they went the cup finals and the pick would have been 29th overall.
sureLoss is offline   Reply With Quote