The ongoing saga of Ilya Kovalchuk took another twist yesterday, when Darren Dreger of TSN reported that the Russian winger had joined CAA Hockey and agent J.P. Barry. Barry, according to Dreger, is already in discussions with various clubs interested in signing Kovalchuk as he tries to make a return to the NHL. Kovalchuk has repeatedly stated his desire to return, and is now an unrestricted free agent. He can’t officially sign any contract until July 1st, but nothing prevents him from coming to terms with a team prior to that date.
Though Pierre LeBrun of The Athletic tweeted that he expects Kovalchuk to get a contract filled with performance bonuses, that may not be possible. While Kovalchuk is now 35 years old and could qualify for performance bonuses, he’d have to sign just a one-year deal to be eligible for any incentives. That doesn’t seem likely at this point, especially if there are several teams interested in bringing him back from the KHL.
The former Atlanta Thrashers draft pick has been playing in the KHL for the last five seasons, and had previously been represented by Jay Grossman. After winning the Gagarin Cup with SKA St. Petersburg in 2016-17, he followed it up with a gold medal (and MVP) at the Olympics and a league-leading 63 points in 53 games in the KHL. There’s no doubt that Kovalchuk still has something left in the tank, but after so many years away from the NHL some doubt whether he can be a real difference maker.
If he can’t, teams have to consider the possibility of him leaving for Russia once again. Now that he’s a 35+ player, Kovalchuk’s cap hit would be applied to the team’s salary cap regardless of whether he retired from the NHL or not. A multi-year contract could then be dangerous for a club that is already dealing with a precarious financial position, especially one that doesn’t include performance bonuses. So far we haven’t gotten much on where Kovalchuk could be headed, other than his statements last summer about preferring New York or Florida. While last year negotiations had to run through the New Jersey Devils, this time around Kovalchuk is a clear free agent able to sign with whichever team he chooses.
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