Kukla's Korner Hockey
by Paul on 12/06/05 at 10:43 AM ET
Second-quarter escrow deductions from players' paychecks will remain at the first quarter 12 percent, with the possibility the amount will be reduced as soon as the middle of the month, according to an advisory posted by Players Association Executive Director Ted Saskin on the union's internal website, The Post has learned. "We will . . . be discussing [with the NHL] lowering the escrow as early as mid-December, when the current year's revenue estimates come in," wrote Saskin. "While under terms of the CBA, adjustments to the escrow percentage is only based on payroll levels throughout the season and not on revenue, it is clear that revenues are much stronger than [the $1.803B] anticipated and we will discuss lowering the escrow rate if the revenue rate justifies doing so."
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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.
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