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Devils penalized over Kovalchuk deal

Updated: September 13, 2010, 9:35 PM ET
Associated Press

NEWARK, N.J. -- The cost of signing Ilya Kovalchuk got even more expensive for the New Jersey Devils.

The NHL fined the Devils $3 million on Monday and took away two high draft picks over the next four years for signing Kovalchuk to a 17-year, $102 million contract in July that circumvented the league's salary cap.

In handing down what might be his harshest penalty for a team salary-cap violation, commissioner Gary Bettman forced New Jersey to forfeit a first-round pick sometime over ...

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