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Escrow Withholding Increases

via Larry Brooks tweets,

Second quarter escrow withholding rate increases from 11.5 to 13.5% in response to NHL’s downward adjustment of second quarter HRR, Post has learned.

According to PA, current NHL HRR projection reflects lowest growth rate "by far" under current CBA. Yet franchise values continue to soar.

Pierre LeBrun tweet,

Certainly noteworthy. Not only because of lower HRR projections but also because of exchange rate and increased player compensation.Pierre LeBrun added,

Filed in: NHL Talk, 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