I think its inevitable that eventually all the best Russian talent will stay in the KHL.
The KHL is willing to shell out much more money for them and who can really fault someone for taking a bigger payday to play at home.
Having guys like Radulov and Kovalchuk playing there will make it even more attractive for up and coming Russian players so I doubt you'll see many of them getting drafted in the early rounds.
I disagree. Players want to play against the best in the world - that is, and will probably always be the NHL. Also, Russian billionaires aren't going to suffer losses in perpetuity just for the sake of retaining top and mid-tier homegrown talent. The KHL isn't the first attempt to rival the NHL. I am sure Russian players that have no NHL options love it - but North American players that have gone over there have given scathing accounts of the treatment players suffer, including crazy gun-toting owners, forced team lockdowns, and very suspect safety conditions in (a) travel (there were MANY comments after the Lokamotiv tragedy that players weren't really surprised that something like that hadn't happened already) and (b) medical options (compare the situations with Cherepanov and Jiri Fisher - response time and preparedness is the difference between life and death).
But, getting back to my first point, Canadian kids want to be Gretzky, Yzerman, Stamkos and Crosby. Russian kids want to be Fedorov, Mogilny, Bure etc. That is not going to happen in the KHL. Nothing wrong with staying home and making a good wage, but IMHO the KHL crazy contracts model is not sustainable. Just look at all the players that have been "released" and come back to the NHL after jumping ship. Hudler barely made it a year before his team decided it didn't want to pay him anymore. I get that Hudler is not Kovy or Radulov, but not many players are. If all NHL teams had one $15mm player and 22 players making WAY less, the league would not last long at all.
Again, just MHO.