Ilya Kovalchuk, a NHL goal scoring machine, has just signed a 17 year deal with the New Jersey Devils for $102 million dollars. Although Kovalchuk does show great promise for the Devils' chances to win a title, what was the point of signing a 17 year deal??? That is an eternity! Kovalchuk will be 44 years old when the deal ends in 2026-27. (Yes, this is deal is really on the books through 2026-2027!)
Even though hockey players have in the past played into their 40s, why would Kovalchuk want to even commit himself on any level that far out? From the Devils' perspective, this deal enables them to spread the large payment of $102 million through 17 years, greatly boosting the team's ability to make future moves under the salary cap.
Anyway, I hope Kovalchuk and his agent Jay Grossman know what they are doing. Job security is nice, but too extreme when the deal runs into another generation.
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