NHL NIXES FEDOROV'S OFFER SHEET, CASE GOES TO ARBITRATION
The NHL ruled Monday that the Hurricanes' $38M offer
sheet to Sergei Fedorov was invalid, according to Jason La
Canfora of the DETROIT FREE PRESS. The case will be heard
by arbitrator John Sands in a conference call Wednesday.
The league based its ruling on a clause in the deal that
would make a $12M portion of Fedorov's $26M signing bonus
payable in whole should the team that signs him make it to
the conference finals this year (DETROIT FREE PRESS, 2/24).