FanShot

A well placed source reports that the league has informed the Players' Assn. that the league will...

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A well placed source reports that the league has informed the Players' Assn. that the league will grandfather the recently submitted Kovalchuk 15-year, $100M contract, Luongo's 12-year, $64M deal that is entering its second season and Hossa's 12-year, $63.3M deal that also is entering its second season into the CBA under the following conditions: 1. That the cap hit on future multi-year contracts will not count any seasons that end with the player over 40 years of age. The cap hit would be calculated on the average of the salary up through age 40 only. 2. That the cap hit on future contracts longer than five years will be calculated under a formula granting additional weight to the five years with the highest salary.

A NY Post report on the still on-going kerfuffle between the League and several front-loaded, long term deals. And if the union refuses? Luongo's contract COULD be voided. Take it for what it's worth. (h/t to Kukla for the pointer and bitterguy for the fanshot)
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