According to Katie Strang of ESPN New York, the Devils did not notify the league about forfeiting their 2012 first-round pick. The deadline was today.
That means that the Devils will most likely keep their 29th pick in this year’s draft.
If Devils opt to retain their 2012 pick, they must still give up a first-rounder in either 2013 or 2014 , according to Strang.
The penalty is for Ilya Kovalchuk’s contract situation from the summer of 2010.