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BREAKING: Ilya Kovalchuk Re-Signs with the New Jersey Devils

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It's official: Ilya Kovalchuk has re-signed with the New Jersey Devils, aaccording to agent Jay Grossman. The financial terms of the deal have not yet been shown, as the press conference will be at 1 P.M. tomorrow and the terms of the deal will likely be announced. (UPDATE: Terms of the Deal are 17 years and $102 million dollars (a cap hit of $6 million/year) Some reaction from the signings from Twitter:

With Volchenkov and Kovalchuk in NJ, I now finally have an East coast team to support

IvanoM from Fear the Fin

Breaking: Tearful Kovalchuk signs Lamoriello's contract offer; refuses to answer questions about jam and shards of broken glass in his hair.

Down Goes Brown from er... Down Goes Brown

And sincere congratulations to all #NJD fans. Ilya is a class act, a dedicated pro.

Dmitry Chesnokov from Puck Daddy

And I call Lou "Loophole Lou" with all respect possible, the guy gets it done.

Joe Yerdon from Pro Hockey Talk

Ilya back to the Devs. Well that was as anticlimactic as a first date with an ugly chick.

Don't Trade Vinny from Don't Trade Vinny

I feel bad for LA Kings fans today, and offer this consolation prize: Free admission to the Devils Cup parade in Newark next June

Greg Wyshynski from Puck Daddy

I wonder if "Brian Rolston" will be hockey for "Jimmy Hoffa" in the near future.

James O'Brien from Pro Hockey Talk

I guess Gorssman wants to keep his guys close to home or something.

Laura Astorian from Thrashing the Blues

Kovalchuk's a nice fall-back for the Devils, after Semin-for-Brodeur fell through. #clownshoes

J.P. From Japers' Rink