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Every player hates escrow: TSN’s McKenzie pegs initial escrow rate…well, it’s high

Updated with a "conflicting report" at 10:16 PM: Ouch, per TSN's Bob McKenzie:

The drop in the salary cap from $70.2 million to $64.3 million should ensure that the players get some of their money back--the New York Post's Larry Brooks reported that the players paid 16.26 percent of their 48-game-averaged salaries back to the league last year--but everybody knew going in that the reduction in the players' share (from 57-and-change percent to 50 percent of revenues) would be clawed out of the players' paychecks in escrow payments.

And while we're at it...

Update: Sportsnet's David Alter weighed in:

Update #2: Don't see this very often:

Filed in: | KK Hockey | Permalink
  Tags: escrow, nhlpa



I bet a player making 2 mil would hate having to cut a check for 280 grand at the end of the year just a wee bit more, though.

Posted by HockeyinHD on 10/09/13 at 06:45 AM ET

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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


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