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,