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Escrow Emergency

from the Toronto Sun (via the Ottawa Sun): The NHLPA may toss the new CBA when its three-year trial run ends in 08-09.
The escrow payments, for those who didn't memorize all 15 volumes of the collective bargaining agreement, are the amounts deducted from the players' salaries to cover the owners' overspending. Last year, the escrow payments were 12%, but because the PA allowed the league to plug in an almost-random number which was easily surpassed, those payments were refunded. This year the agents are convinced there will be no refunds. And the amount the players can expect to pay are how much? "According to our calculations, it's going to be 17.5%," said one agent.

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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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