Big Lou says Devils will honor award

Devils president and general manager Lou Lamoriello told Toronto's FAN 590 that he will accept the arbitrator's ruling of a one-year, $5 million contract for center Scott Gomez. This will put New jersey over the $44 million cap. The new collective bargaining agreement permits teams to exceed the cap by up to 10% during the summer, but they must be at or below the cap once the season starts. New Jersey is still dealing with the albatross that is the contracts of Vladimir Malakhov, Dan McGillis, and Alexander Mogilny. Those three account for almost $10 million of cap space, while not getting one minute of ice time for the team. Lamoriello will have to pull a massive rabbit out of his hat to get the Devils down to the cap.