According to a report from Tom Gulitti of the Bergen Record, the Devils will not surrender their first-round pick in the 2012 NHL Draft.
The Devils faced a Tuesday deadline if this would be the year in which the club gives up its first-round pick for signing Ilya Kovalchuk as a free agent two summers ago.
Under the terms of the punishment, New Jersey must relinquish its first-round pick between 2011 and 2014.
Report: Devils Will Keep 2012 Draft Pick