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12.9% Is Final Escrow Number For Last Season

via Bob McKenzie of TSN,

The final escrow number (basically the percentage of player salaries the players gave back to the NHL for league overspending) for last season has been made official and it’s 12.9 per cent.

That means whatever the face value of a contract was for 2008-09, the player actually receives 12.9 per cent less than that.

But since the amount of escrow money withheld last season was around 18 per cent, the players will be getting a cheque cut, worth about five per cent of their salary. It’s not a refund per se, since the money collected belonged to them in the first place.

Filed in: NHL Teams, NHL Talk, NHL Business of Hockey, NHLPA, | KK Hockey | Permalink
 

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About Kukla's Korner Hockey

Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

Email Paul anytime at pk@kuklaskorner.com

 

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