Kovalchuck signs deal with SKA Saint Petersburg

Kovalchuck signs deal with SKA Saint Petersburg
July 15, 2013, 3:30 pm
Share This Post

Just a week after announcing his retirement from the NHL, Ilya Kovalchuck has found work in a new league. The former New Jersey Devil officially became a member of SKA Saint Petersburg Monday, signing a four-year deal with Kontinental Hockey League squad.

According to a report, the left wing could be in line to earn $15 million per season in his new contract. That would be $60 million overall, a number significantly less than the $77 million that he had remaining on his 15-year $100 million contract with the Devils.

Still, it makes more sense than outright retirement. That was the idea Kovalchuk posited when he first announced his departure from the Devils, offering that he wished to spend time with his family back in Russia instead more years of wear and tear on the ice.

If the details of this deal are correct, he can do that while making more money per season than he would've back in the states. As for the Devils, the situation is decidedly less peachy. In addition to losing a player they felt comfortable enough committing 15 years to, the team will also take a cap hit of $250,000 per year through the 2024-2025 season.

There's no consolation here for the Devils, but Kovalchuck appears to have gotten just what he wanted.