A day after watching the Los Angeles Kings hoist the Stanley Cup, the New Jersey Devils are also expected to lose a first round pick.
The Devils, slated to select 29th in Pittsburgh, are expected to forfeit their first round pick in the 2012 NHL Entry Draft as part of the National Hockey League’s punishment for the team attempting to circumvent the salary cap rules with Ilya Kovalchuk’s original contract in 2010.
The team needs to notify the league office the day following the conclusion of the Stanley Cup Final in the calendar year in which the pick will be forfeited.
New Jersey inked Kovalchuk to a front-loaded 17-year, $102 million deal which would have paid the star $550,000 in each of his final four years of the deal. The NHL intervened and fined the Devils $3 million, stripped them of a third round pick in 2011 and also forfeit a first round pick in one of the next four seasons. The Devils opted to keep their pick in 2011, forcing them to give it up in either 2012, 2013 or 2014.
With the team making a surprise run to the Stanley Cup final, the team is expected to drop their pick in 2012.