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. Last Updated: 07/27/2016

NHL Rejects Carolina's $38M Offer to Fedorov

DETROIT -- The Carolina Hurricanes' $38 million, six-year offer sheet to Detroit center Sergei Fedorov has been rejected by the National Hockey League.

"The league did reject the contract because we did not believe it was in compliance with Collective Bargaining Agreement," NHL spokesman Gary Meagher said.

Red Wings general manager Ken Holland said only that he received a fax from the NHL informing him of the decision and declined additional comment.

The Red Wings had until Wednesday night to match the contract, work out a trade or decline to match it and accept five first-round draft picks.

The contract calls for Fedorov to receive a $14 million signing bonus, $2 million in salaryand $12 million if his team makes it to the conference finals this year. That means he could receive $28 million in four months.

"I do not understand why our offer sheet to Sergei Fedorov was rejected as we have followed all of the guidelines of the Collective Bargaining Agreement," Hurricanes general manager Jim Rutherford said. "We will take all the proper steps to ensure that our offer sheet is valid. The initial step is to immediately bring the issue to an outside arbitrator."

The Hurricanes said arbitrator John Sands would review the offer sheet in a conference call Wednesday.

Fedorov, who won a silver medal playing for Russia in the Olympics, returned to Detroit on Monday but declined comment on the status of his contract talks.