ESPN - The New Jersey Devils have acquired Ilya Kovalchuk from the Atlanta Thrashers on Thursday night, a source close to the deal told ESPN.com.
Kovalchuk will be an unrestricted free agent July 1 and contracts talks with the Thrashers hit a stalemate recently.
The move comes hours after Thrashers GM Don Waddell released a statement saying that contract negotiations with Kovalchuk had reached an "impasse" and that the team was exploring its options.
"Our goal from the start of this negotiating process was to sign Ilya Kovalchuk to a long-term contract," Waddell said in the statement earlier Thursday. "During the process, Kovy affirmed his desire to be a Thrasher for life. We've spent several months exploring scenarios with Kovy and his agent to reach a mutually beneficial agreement and offered many lucrative packages in an attempt to meet his financial objectives. Unfortunately, we've reached an impasse and at this point he has declined all of our proposals and we can't reasonably go any higher.
"Ultimately, we offered Kovy more than $101 million over 12 years, which would have been the highest contract signed by an impending unrestricted free agent in the history of the league," Waddell said in the statement. "If accepted, this contract would have been the second-highest offer ever to any NHL player. We also met his desire to be the highest-paid player based on average annual salary with a separate offer of seven years at $10 million per year ($70 M). This offer is $0.5 million higher per year than any other player.
"If we went beyond these offers, we would not be able to retain the young players on our roster when it came time to sign them or invest in other top-tier players needed to assemble a truly competitive team. Therefore, we are aggressively exploring all of our options as we move forward," Waddell's statement said.