Ranger's Contracts in Dispute

TSN.ca is reporting: The New York Post reports that the National Hockey League submitted a rejection of both Bobby Holik’s and Darius Kasparaitis’ contracts when the New York Rangers sent them for approval to Central Registry.

The paper added that the move to reject the deals were made on Aug. 7 and the National Hockey League Players Association responded with a grievance just 48 hours later.

The league office has reportedly objected to the signing-bonus covenants in each of the contracts. Holik signed a five-year, $45 million deal that includes a $10 million signing bonus with about $2 million given out each season for the duration of the contract. Kasparaitis signed a six-year, $25.5 million deal with $6 million in signing bonuses.

Holik, 31, scored 25 goals, added 29 assists and had 97 penalty minutes with New Jersey last season. The six-foot-four, 230-pound centre is a two-time NHL all-star and was a key member of New Jersey’s 1995 and 2000 Stanley Cup championship teams.

Prior to being acquired by the Devils, Holik collected 42 goals and 46 assists for 88 points, along with 157 penalty minutes in 154 contests with the Hartford Whalers. In 1990-91, he led all Whalers’ rookies and finished fourth overall on the team in scoring with 21 goals and 22 assists for 43 points.

Kasparaitis is only 29 but qualified for unrestricted free agency because he played 10 years in the NHL and earned less than the league average salary of $1.64 million last season. Kasparaitis made $1.15 million with Pittsburgh and Colorado last season while recording two goals, 14 assists and 142 penalty minutes in 80 games.