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Author: Fuskie Big funky green star, 20000 posts Top Favorite Fools Old School Fool Ticker Guide SC1 Red Winner of the 2010 Rule Breakers Challenge Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 39864  
Subject: Kovalchuk at center of CBA debate Date: 6/17/2004 12:36 PM
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When Ilya Kovalchuk was named a second-team all-star at the NHL awards ceremonies in Toronto on Thursday, he earned a $350,000 bonus.

While his combined salary and signing bonus for the first three seasons of his entry-level contract was limited to $3.39 million, Kovalchuk earned an estimated $14 million over the life of the deal, Thrashers general manager Don Waddell and Kovalchuk's agent said.

Kovalchuk earned $4.26 million this season, including $3.13 million in bonuses.

To Jay Grossman, Kovalchuk's representative, Kovalchuk's ability to reap more than $10 million in bonuses is proof of his uniqueness. He said the system is fair because Kovalchuk earned the large bonuses with his outstanding performance.

But as the NHL prepares to negotiate a new collective bargaining agreement, leaving the start of next season uncertain, some say entry-level contracts are out of control and play a significant role in the league's many labor woes.


Full Story Here: http://tinyurl.com/3c43h

Fuskie
Who does not agree with bonuses tied to actions that are normal to the game, such as scoring power play and game winning goals...
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