Kovalchuk happy to return to New Jersey

Hockey Betting Lines

07/20/2010 - Newark, NJ (Sportsbook Betting Lines) - The New Jersey Devils made it official on Tuesday and re-introduced superstar left wing Ilya Kovalchuk, who agreed to a 17-year contract worth a reported $102 million on Monday.

Kovalchuk was acquired by the Devils last February in a trade with Atlanta and tested the free agent waters this summer before deciding to return to New Jersey.

"This was a tough process for me. This was the biggest decision of my life," said Kovalchuk at Tuesday's press conference. "I believe I made the best choice for me and my family."

New Jersey and the Los Angeles Kings were Kovalchuk's two main pursuers since the free agent signing period began July 1.

The Newark Star-Ledger reported terms of the contract, breaking down the pact year-by-year. He's due to earn $6 million in each of the next two seasons, $11.5 million from 2012-17 and $10.5 million the following year. The salary falls off after that until he makes $550,000 annually the final five years of the deal. He would be 44 years old when the contract concludes in 2027.

"I'll only be 44, so I hope I'm going to keep myself in shape to keep playing," Kovalchuk quipped.

Kovalchuk played 27 games last season for the Devils after being acquired from Atlanta and compiled 10 goals and 17 assists to help New Jersey win the Atlantic Division crown. He added two goals and four assists in five playoff games as the Devils were ousted by Philadelphia in the first round.

"There is unfinished business from last season," Kovalchuk added. "That was the biggest reason I wanted to stay here. I know we're going to do much better in the future years than we did last year."

Kovalchuk turned down reported offers of $70 million over seven years and $100 million over 12 years from the Thrashers, who finally gave up on re-signing the sniper and sent him to New Jersey in a package that netted Atlanta defenseman Johnny Oduya, right wing Niclas Bergfors, forward Patrice Cormier and a first-round draft pick.

Selected with the first overall pick of the 2001 draft, Kovalchuk twice reached 52 goals with Atlanta and last season combined to score 41 goals in 76 games. The 27-year-old Russian native has 338 goals and 304 assists for 642 points in 621 regular-season games. He is Atlanta's all-time leader in virtually every offensive category and gives the Devils an offensive player in the prime of his career, something the organization has never really had, but at a price the franchise has never before paid.

"What you have to understand is we just built a tremendous facility here, and [the owners] have made a commitment to winning. This type of a decision is for that reason," Devils CEO Lou Lamoriello said about why the team broke from its usual frugal direction.

"We have a player that will complement the players we have, that [in turn] will complement him. The logo in front will always be more important than the name on the back. The thing I feel the best about is there's nothing more important than the team. I spoke with Ilya about that when he first came here."

Kovalchuk also said as much Tuesday, also acknowledging teammates Martin Brodeur, Jamie Langenbrunner, Zach Parise and Patrik Elias, who were in attendance.

"We have an unbelievable group of guys, I can't name all of them," Kovalchuk noted, adding that the franchise's winning past also played a role in his decision. "The history, first of all, then -- when I first came here -- I saw the way the organization treats its players. I'll be a Devil for life. They're a first-class organization."

It's been a busy offseason for the Devils, as the club named John MacLean its new head coach and signed defensemen Henrik Tallinder and Anton Volchenkov. New Jersey also re-acquired center Jason Arnott, who scored a double-overtime goal in the clinching Game 6 of the 2000 Stanley Cup Finals against Dallas, in a trade with Nashville.

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Elite 8 NCAA Tournament Betting at online sportsbook MySportsbook.com

In what should be an outstanding Saturday of March Madness betting action, the top four teams in the South and West Regions square off in what should be extremely close match-ups. Three of the four teams are coming off extremely close games on Thursday evening, only UCLA won semi comfortably over Pitt 64-55.

Ohio State is coming off their second game in a row where in all reality they should have lost. Of course that doesn’t matter now since the name of the game is “survive and advance” but as the tournament continues, they can’t afford to keep getting down to their opponents early. Kansas also avoided a scare by holding off a scrappy Southern Illinois squad. In the third thrilling game of the evening Memphis pulled off the minor upset (+3.5) despite being the higher seed to Texas A&M.

Although the spreads are fairly small for Saturday’s games, MySportsbook.com continue to bet against the underdogs. Despite OSU’s two scares, 86% of the “betting public” feels the Buckeyes (-1.5) have what it takes to make the Final Four. In fact, so much of the early money is on OSU that the line has already moved from -1 to -1.5. In the second game of the doubleheader, Kansas and their high-powered offense are 2 point favorites as they take on UCLA and their effective defense. About 63% of the early money thus far is once again backing the favorites. If those percentages stay that high, don’t be surprised if this line moves as well. If you like Kansas (-2) you might want to jump on it early.

Memphis vs. Ohio State

Both squads were involved in thrillers on Thursday evening and should come out fired up. OSU can ill afford to get behind early like they did versus their previous two opponents (Xavier, Tennessee). Greg Oden needs to stay out of foul trouble; the Buckeyes are a completely different team when he is on the court. Memphis definitely has the athleticism and length to match-up with OSU. Of Memphis’ five leading minute earners, the shortest of the bunch is 6’5”. Each team has a very effective defense; Memphis surrenders 62.3 PPG whereas the Buckeyes give up only 61 PPG. With those type of numbers, it isn’t surprising that Memphis covered the UNDER almost 69% of the time this season. As a favorite, OSU has covered the UNDER almost 66% of the time over the last three seasons. The major concern for Memphis which is magnifies this time of the year is their brutal foul shooting (62%). This season, OSU is 17-11 ATS versus teams with a winning record and 7-2 ATS in all tournament games. Memphis has been an extremely reliable cover in tournament play in recent years with a 23-8 ATS record over the last three seasons.

UCLA vs. Kansas

In the second game of Saturday’s doubleheader, UCLA will play in a role which they are very unfamiliar with that of the underdog. Only twice this season have they been getting points from the handicappers and both times they covered. Over the last three seasons UCLA is a reliable 23-7 ATS in this unfamiliar role. UCLA has not fared well against Big 12 opponents recently going 1-7 ATS since 1997. Giving up only 59.6 PPG, UCLA will definitely look to do what they do best: keep this game as low scoring as possible. Their defense has been especially tough during the tournament. UCLA opponents have been able to muster up only 48.7 PPG while shooting a combined 34.5% from the field. UCLA definitely has a challenge at hand with a Kansas team that is capable of putting points on the board in bunches. As a team, they average 79 PPG and shoot an impressive 49.6% from the field and 39.4% from beyond the arc. During the tournament Kansas has been “lights out” from the field having shot 56.2%.

With Friday -105 juice on Basketball betting, MySportsbook.com is the place to bet on all of the “March Madness” action.  Don’t forget to monitor who the public is backing at MySportsbook.com’s “Betting Trends”.  By doing so, you have the best chance of predicting a possible line change, thus getting the best value for your wager.

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