Kukla's Korner Hockey

Kukla's Korner Hockey

Escrow Will Still Be An Issue For The Players

10/17/2012 at 2:57pm EDT

from James Mirtle of the Globe and Mail,

The players will not be accepting the league’s 50-50 proposal that was released in full on Wednesday morning.

And it’s not so much the final number they’re opposed to.

Instead, it comes back to a familiar topic: escrow.

As we’ve heard all along, players want to receive the full value for their 2012-13 (and presumably 2013-14) salaries, something that will not be possible under a 50-50 split.

According to the league, players earned roughly $1.883-billion as their share last season. In order to maintain that level of salary, they would need to receive 54.3 per cent of revenues (after accounting for 5 per cent revenue growth leaguewide).

There are two things of vital importance here, however:

read on

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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.

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