FanShot

Devils fined...Not much...for Kovalchuk deal

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The Devils were fined $3M, plus they lose next year's 3rd round pick and a first-round pick some time in the next four seasons. Big deal. If we assume a 6% discount rate, Kovalchuk's contract cost $71M in present dollars. That 3rd round pick? $600k. And the first round pick? Worst case - $3M. So the fines are less than 10% of the total cost of the contract. Oh well.