Update: According to Puckdaddy, Kovalchuk will be joining the KHL playing for the same team he did during the lockout and could earn up to 20 million per season as the marquee player in the league over there.
According to various reports Devils star forward Ilya Kovalchuk has announced his retirement.
Kovalchuk registered 31 points in 37 games last season but missed significant time for the Devils because of injury. If you recall, after the lockout ended Kovalchuk was reluctant to return to the NHL from the KHL overseas.
We will have more on this as it comes out.