In fairness to him, it may be possible that he's giving Lou time to sort out the cap situation. Obviously, its probably not the case, but it may not be entirely Kovy's fault. Although I submit that it probably is lol.
That could be an option, but that though is being contradicted by his contact with the LA Kings and the fact that he went back to them with a counter offer to give them another shot.
I think in his mind it's:
LA is rumored to be out again unless Kovy severely lowers his demands. Like everyone else, I see it as a NJ/SKA decision.