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09/04/2010 - Toronto, ON (Sportsbook Betting Lines) - Ilya Kovalchuk will finally join the New Jersey Devils after his re-submitted contract was officially and finally approved by the National Hockey League just before 3 a.m. (et) Saturday morning.
The re-worked contract now calls for Kovalchuk to collect a reported $100 million over 15 years, with an annual cap hit of close to $6.66 million. The deal is thought to pay out $90 million in the first 10 years and $10 million over the last five.
Kovalchuk's initial 17-year, $102 million deal with the Devils was rejected by the league on the grounds that it circumvented the league's salary cap. The deal was front-loaded so Kovalchuk could have earned as much money as possible while providing the lowest possible cap hit for the team.
The NHL Players' Association filed a grievance on Kovalchuk's behalf, but an arbitrator ruled in favor of the league. The Russian star, now 27, would be approaching age 43 when the contract expires.
The rejection of the contract provided much debate throughout the league in terms of "lifetime" contracts given to players that have helped reduce the yearly salary cap hit. Several players in previous years signed deals that took them past 40 years of age and saw the annual salary dip below $1 million in the final years of the contract.
The NHL and NHLPA together, did away with those scenarios in one fell swoop Friday, jointly adopting new regulations on such pacts while simultaneoulsy ruling on Kovalchuk's situation after a whirlwind of postponements on a ruling that stretched well into the night.
The new rules will apply only to long-term contracts, five years or longer in length, and only those going forward beyond the September 4 ruling date. All previous contracts are grandfathered in, meaning Kovalchuk's contract will likely be the last of its kind.
To that end, the two entities also announced that the league will terminate its circumvention investigations into the contracts signed in 2009 by Marian Hossa of the Chicago Blackhawks, Roberto Luongo of the Vancouver Canucks, Marc Savard of the Boston Bruins and Chris Pronger of the Philadelphia Flyers.
"We are pleased to finalize an agreement which ends the league's circumvention investigations and also establishes rules on long-term contracts that will provide players, their certified agents and general managers clarity for the negotiation of new contracts," said Roland Lee, associate counsel for the NHLPA and director of Salary Cap/Marketplace. "Turning the page on this process is something that will benefit all parties involved."
Taking into account the NHL's salary cap system and forthcoming CBA negotiations, a special calculation of value will be made in two ways for contracts that extend beyond a player's 41st birthday, and any long-term contract that averages more than $5.75 million for the three highest- compensation years will have rules put into place that limit that player's compensation to a minimum of $1 million between the ages of 36 and 40.
Because of the league's previous rules on player contracts after the age of 35, it was conceivable that someone could retire before a contract had expired, wiping the contract off the salary cap. This rule allowed teams to sign players to front-loaded contracts to benefit both the team and player.
"We're pleased to be able to establish clearly-defined rules for these types of contracts going forward and just as happy we can turn the page on uncertainties relating to several other existing contracts," NHL Deputy Commissioner Bill Daly said. "From start to finish of this multi-week process we were able to work closely and cooperatively with representatives of the Players' Association, who shared our belief that the creation of definitive rules and guidelines in this area would be beneficial to everyone -- clubs and players alike."
Kovalchuk's deal will reportedly take the team about $3 million over the salary cap with 21 players under contract, and the Devils will have to get under the $59.4 million cap before the beginning of the season while adding two more players to the roster.
Kovalchuk posted 41 goals and 85 points in 76 games last season, 10 goals and 27 points coming in 27 games with New Jersey. In a five-game first-round playoff loss, the 27-year-old added two goals and six points.
In 621 games since entering the league in 2001, he has accumulated 338 goals and 642 points with Atlanta and New Jersey.
<< Rockies extend San Diego's losing streak to eight
San Diego, CA (Sportsbook Betting Lines) - Jason Giambi and Troy Tulowitzki each hit a
two-run homer, as the Colorado Rockies dealt San Diego an eighth consecutive
defeat, 4-3, in the opener of a three-game series.
Aaron Cook (5-8), who was acti
<< A's blank struggling Angels behind Gonzalez
Oakland, CA (Sportsbook Betting Lines) - Cliff Pennington and Kevin Kouzmanoff each
homered during a six-run seventh, as the Oakland Athletics dominated the
Angels, 8-0, in the opener of a three-game series.
Gio Gonzalez (13-8) tossed si
<< Giants trade for Sage Rosenfels
East Rutherford, NJ (Sportsbook Betting Lines) - The New York Giants have found a
backup quarterback after acquiring Sage Rosenfels from the Minnesota Vikings
on Friday.
The trade also saw running back and return specialist Darius Reynaud h
<< D-Backs edge Astros
Phoenix, AZ (Sportsbook Betting Lines) - Augie Ojeda's sacrifice fly in the bottom of
the eighth delivered the winning run as Arizona downed Houston, 4-3, to start
a three-game set.
Adam LaRoche went 2-for-4 with two runs batted in and Gerardo Pa
Sisk keeps lead at Mylan Classic >>
Canonsburg, PA (Sportsbook Betting Lines) - Geoffrey Sisk remained atop the leaderboard
Saturday when the second round of the rain-delayed Mylan Classic was
completed.
Sisk played the final three holes of his round and finished off a four
Georgia holds A.J. Green out of opener >>
ATHENS, Ga. (AP) -Georgia star receiver A.J. Green is being held out of the Bulldogs' opening game against Louisiana-Lafayette.Georgia spokesman Claude Felton says Green will miss Saturday's game for the No. 23 Bulldogs pending a ruling from the NCA
Scorching Yanks seek eight straight win in test with Jays >>
(Sportsbook Betting Lines) -- The New York Yankees have solved just about all their
problems during a seven-game winning streak that matches the team's longest of
the season. The defending world champions will now turn their attention
towards getting Jav
Red Sox, White Sox to begin set with double dip >>
(Sportsbook Betting Lines) -- After mother nature delayed the opening of this important
weekend set, the Boston Red Sox and Chicago White Sox will renew acquaintances
with a day-night doubleheader that begins this afternoon from Fenway Park.
The arriv
In terms of sports wagering, the NFL is "the most popular game in town." The explanation behind that is easy.
It is called the "pointspread."
Many years ago, NFL games, as well as the more popular college games, used straight odds as a vehicle for betting. For example, if the Bears were playing the Giants, and it shaped up as a competitive contest, the Bears might be, say, a 7/5 favorite. If they were playing an also-ran, it might be 10/1. Well, there is a point where a line becomes prohibitive, as far as betting the favorite. And who would waste money betting an underdog that has virtually no chance? Such a setup did not contribute to promoting betting action.
But in modern sports betting, a "pointspread" is used.
A NFL pointspreads are exactly that, a pre-established point difference between the two sides that will, for all intents and purposes, create a handicap that evens things out, and in doing so, produces comparable wagering activity on both sides of that proposition. So in lieu of a odds figure in which to bet the team to win outright, the Bears might be a three-point favorite over the New York Giants, and a 17-point favorite over the also-ran. Now that the team that is the underdog can "get" points, there can be equal action on both sides.
In sportsbooks, this is usually done with efficiency by charging the losing bettors 10% extra - in effect, bettors are laying 11/10 on those games. So they are actually betting $110 to win $100. If they lose, they pay the "vig." If they win, they simply collect.
The establishment of the pointspread as the corner stone around which team sports like football can be wagered upon was truly what brought gridiron betting into the stratosphere for online football betting .
Don't believe it? Just take a look at what happens around the Super Bowl.
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My fellow Americans, as tempting as it may be to don the coat and HD-ready tie in order to deliver this State of the Game address before the cameras, I know better. As Brad Paisley sings on his latest album, "I'm so much cooler online."
The ideas for this annual essay to kick off the MySportsbook.com college football betting preview flowed like frat-house beer, which is to say they were cheap and spilled all over the floor. The 2007 season will be better than 2007, if only because there will be more of it. A year ago, the NCAA Football Rules Committee made two rule changes in the interest of speeding up the game. These changes went over like Kobe burgers at a vegan banquet.
To its credit, the rules committee rectified its mistakes. This season the clock once again will start when a kickoff is received, rather than when it is kicked, and the clock will not start so quickly on a change of possession.
However, kickoffs have been moved back five yards, to the 30, which will force more returns. (Thus forcing the clock to run. Clever, huh?) Special teams might decide a lot of games, because coaching strategy will come straight out of another new Paisley lyric (almost), I'd like to check you for kicks.
Paisley sings with a twang, which is why he's appropriate for this college football season. The sun coming up over the 2007 college football betting lines season rises from the south. It's a Southern football world. As the Southeastern Conference begins its 75th year, the power shift is noticeable.
Eight-figure budgets, glamorous settings -- and that's just for the head coaches. The SEC has four coaches who have won national championships -- the greatest aggregation of coaching know-how since Eddie Robinson dined alone.
Steve Spurrier, Phil Fulmer, Nick Saban and Urban Meyer have given lie to the idea that a conference championship game is too daunting a hurdle on the road to No. 1. In six of the past 10 seasons, the national champions played and won a conference championship game -- three of the six (Tennessee, 1998; LSU, 2003; Florida, 2007) from the SEC.
There will be more of the same this season, if the preseason prognostications are correct. Six SEC teams are in the preseason coaches' poll, more than from any other conference. Only one conference has talent so deep that a team with 15 returning starters, including the best quarterback in the league, from an eight-win season is considered an afterthought. That may speak more to Kentucky's losing legacy than to the wisdom of the predictions, but there you have it. And seriously, keep an eye on Wildcats QB Andre' Woodson.
The reach of the South extends all the way to No. 1. Take a look at the team that is a consensus pick to win the national championship. The quarterback is from Shreveport. The best wide receiver is from Nashville. The top recruit is from New Orleans.
So what's the campus doing in Los Angeles? Hey, it is the University of Southern California.
USC lost two Pacific-10 Conference games a year ago, the first time that had happened in five seasons, and university officials withstood the urge to form blue-ribbon panels to unearth the cause of such a disaster. Instead, the Trojans gathered themselves and routed Michigan, 32-18, in the Rose Bowl.
USC's losses at Oregon State and at UCLA last year should have given pause to those who question the Pac-10's football prowess (such as, without naming names, L.M. from Baton Rouge). The league only got deeper this season; Dennis Erickson is taking over an Arizona State team that never quite got out of its own way under his predecessor, Dirk Koetter.
Erickson will resume his quest to become the first coach to win a national championship at two schools. Both he and Spurrier, now in his third season at South Carolina, returned to college football at schools with lower profiles than where they won their titles.
That isn't the case for the third coach looking for the national championship double. You may have missed this, but NASA reported the astronauts on the space shuttle last spring made contact with what can only be described as beings from another galaxy.
The leader of the aliens said, "We come in peace," followed by, "So how do you think Nick Saban will do at Alabama?"
The public is reacting to the new Crimson Tide coach as if he is the Barry Bonds of college football -- beloved at home for what his fans believe he is going to do, hated on the road for his intimidating attitude and for what his detractors believe he did (bend NCAA recruiting rules). I made this comparison from the dais at a charity dinner in Mobile, Ala., last month, and the chill that washed over me didn't come from the air conditioning.
Saban will attempt to prove that he can remake in Tuscaloosa what he built in Baton Rouge, much like another member of the national championship fraternity. Bobby Bowden is attempting to remake at Florida State what he built at, um, Florida State. Bowden rebuilt his offensive staff, bringing in four new coaches led by Saban's former offensive coordinator, Jimbo Fisher, to jump-start an offense that has been dead for a couple of years.
The Atlantic Coast Conference is expected to show new signs of life, too. That is said with no disrespect toward last season's champion, Wake Forest, which provided one of the best story lines of 2007. The Demon Deacons begin this season in their customary position, overshadowed by the Virginia Techs, Miamis and Florida States.
It's not that Wake will find it difficult to duplicate its success in 2007 as much as the feeling that success engendered. Surprising success is the narcotic of sport. It never feels quite so euphoric the next time. Big East commissioner Mike Tranghese has figured this out. He refers to 2007, when a league looked down upon by fans and foes alike took three undefeated teams into November, as "Cinderella."
The fairy tale may be over, but the Big East has four genuine Heisman Trophy candidates in Louisville quarterback Brian Brohm, West Virginia tailback Steve Slaton and quarterback Pat White, and Rutgers tailback Ray Rice. Rutgers, as did Wake Forest and, of course, Boise State, proved last season that the have-nots in college football occasionally have quite a lot.
The Broncos' rousing 43-42 overtime victory over Oklahoma in the Fiesta Bowl has raised the profile of all schools in conferences that don't get automatic BCS bids. This season, TCU and Hawaii are the preseason favorites to burst through the BCS doors and earn an at-large bid. The Warriors return 14 starters from an 11-3 team, including quarterback Colt Brennan.
Brennan not only broke the single-season record with 58 touchdown passes in 2007, but he also led Division I-A in passing efficiency (186.0). The senior is expected to contend for the Heisman Trophy, and neither his success nor the rise of his team should come as any surprise in the 2007 season.
After all, Hawaii is the southernmost team in the country.
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