Kovalchuk to Re-Sign with New Jersey

According to TSN, Ilya Kovalchuk will remain a New Jersey Devil for the foreseeable future.

This summer's biggest and best unrestricted free agent is reportedly close to re-signing with the Devils. The contract will pay him $60 million over the next 7 years, an $8.57 average.

Alongside the additions of Henrik Tallinder and Anton Volchenkov on defense, not to mention the acquisition of Jason Arnott through trade, the Devils have addressed some glaring needs that led to their 4-1 series loss to the Philadelphia Flyers in the first round of the 2010 playoffs.

Kovalchuk was originally acquired from the Atlanta Thrahsers, along with Anssi Salmela, in exchange for Niclas Bergfors, Johnny Oduya, prospect Patrice Cormier, and a first round pick. This would mark one of the first times a big deadline rental has stayed with the team that traded for him.

What do you think of Kovalchuk's new contract, and his decision to remain with the Devils?

Let us know in the comments below!