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CBA/Escrow Talk

from Elliotte Friedman of Sportsnet,

During a time of COVID-19 spikes, rising numbers of positive tests across all sports and the clock ticking closer to the scheduled July 10 opening of NHL camps, players will be soon voting on a CBA extension.

According to multiple sources, the potential agreement between the NHL and NHLPA caps escrow at 20 per cent for the 2020-21 season. Original guesstimates were escrow at 35 per cent if this year did not finish, 27-28 even if it did.

But there is a second layer: a one-season-only 10 per cent salary deferral by every player. I’m told this is not a rollback. Players will be returned that money in the future. The benefit to them is the escrow on it would be lower.

These are elements of a much more complicated puzzle. One source compared it to a “payment plan you might negotiate with your credit card company.” From an ownership perspective, every dollar owed the teams on the 50-50 revenue split will be repaid over the balance of the CBA.

As part of the agreement, the salary cap will be kept close to the current $81.5 million for the next three seasons. There is potential for it to go up $1 million in 2022-23.

read on

Filed in: NHL Talk, NHLPA, | KK Hockey | Permalink
 

Comments

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This seems fair…hope they do a compliance buy-out as well…bye bye Abbie smile

Posted by bizuce on 06/25/20 at 10:08 PM ET

d ca's avatar

This seems fair…hope they do a compliance buy-out as well…bye bye Abbie smile

Posted by bizuce on 06/25/20 at 10:08 PM ET

Is it too greedy to ask for two? So we can say bye to Abby and Nielsen.

Posted by d ca on 06/26/20 at 12:21 AM ET

d ca's avatar

Oh and having the salary cap stay flat would hurt the Red Wings rebuild as they have the cap space and are still going to be a draft lottery team next year where they could weaponize it and acquire assets (both future picks and players that are just too expensive in a falling cap world).

Posted by d ca on 06/26/20 at 12:26 AM ET

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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.

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