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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

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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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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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