FanShot

Mikko Koivu Signed to 7 Year Extension

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Hat Tip: Hockey Wilderness Why is this front-paged? Because Mikko Koivu's deal will certainly be used as some kind of milestone for any extension for signing Zach Parise. Devils fans should pay attention. How much is the deal? $47.25 million with a NTC per Michael Russo. That's a cap hit of $6.75 million/year. Keeping Parise could be expensive than that, so I suggest keeping that in the back of you mind when the topic of re-signing Parise or signing some other big name player comes up. And, of course, this will certainly affect Ilya Kovalchuk negotiations. Forget about Kovy going low now.