Report: New Jersey Devils elect not to forfeit 2012 first-round pick
As part of their 2010 punishment for their initial contract offer to winger Ilya Kovalchuk, which the NHL ruled was an attempt to circumvent the salary cap, the New Jersey Devils were docked a first-round pick. Only the league allowed the Devils to decide which year (from 2011-2014) to give up that pick, with notification due the day after the Stanley Cup Final ends.
Tom Gulitti of the Bergen Record reports that the Devils appear likely to hold on to their first-rounder, 29th overall, in the June 22 draft.
Katie Strang of ESPNNewYork.com draws the same inference:
https://twitter.com/KatieStrangESPN/status/212701742918418433 This means the Devils have one more chance (in 2013) to voluntarily give up the pick, before the rent comes due in 2014.