On this day in 2013, New Jersey Devils right winger Ilya Kovalchuk announced his retirement from the NHL. At the time, Kovalchuk still had 12 years and $77 million remaining on his contract.
Kovalchuk was acquired by the Devils on February 4, 2010, and became a free agent that July. On July 19, 2010, the Devils signed him to a landmark 17-year, $102 million deal, the largest contract in NHL history at the time.
But the deal didn’t come without controversy. The NHL rejected the contract, ruling it violated the league’s salary cap structure. The league argued the deal was designed to circumvent the cap by extending well into Kovalchuk’s 40s at a lower salary to reduce the average annual value.
As a result, the Devils were penalized with a $3 million fine and the forfeiture of a first-round pick. Although the league later allowed the team to retain a first-round selection, ultimately awarding them the 30th overall pick in the 2014 NHL Draft, the penalty marked a significant moment in NHL contract history.
Fans are comparing Kovalchuk's contract to Florida Panthers’ Brad Marchand, who just signed a six-year $31 million contract. Marchand’s contract was not rejected by the NHL, but raised similar concerns over his age.
Following the NHLPA’s appeal, the original contract was voided. The Devils and Kovalchuk then agreed to a revised 15-year, $100 million deal, which was approved by the NHL in September 2010.
Twelve years later, the hockey world still reflects on what could have been. Had Kovalchuk honored the full length of his contract, it would still be active today, set to expire in a little under two months (as of July 11, 2025).
Instead, in a stunning move during the 2013 offseason, Kovalchuk announced his retirement from the NHL at just 30 years old. He then signed with SKA St. Petersburg of the Kontinental Hockey League (KHL), where he continued his career for several years.
In 2018, the 2001 first overall draft pick made his NHL return, playing four more seasons with the Kings, Canadiens, and Capitals before stepping away once again.
Today marks the 12th anniversary of Kovalchuk walking away from the Devils and one of the most ambitious contracts in league history. It’s wild to imagine a 42-year-old Kovalchuk skating alongside Jack Hughes, Nico Hischier, and Jake Allen in today’s lineup.
Since Kovalchuk’s departure in 2013, the Devils have posted a record of 414–410–121 and are 7–15 in playoff games. His early exit marked the end of a chapter in New Jersey Devils history.
Photo Credit: © Ed Mulholland-Imagn Images
Read the full article here
