Kukla's Korner Hockey
by Paul on 03/02/09 at 02:07 PM ET
from Tripp Mickle of SportsBusiness Journal,
The NHL is poised to keep more than $120 million in player escrow money at the end of this season, sources familiar with the league’s projections say.
The anticipated escrow return will be the largest ever made to the NHL and could deliver more than $4 million to each club’s bottom line at a time when the economy has softened and many have seen declines in single-game receipts.
It will be the second time since the league passed its current collective-bargaining agreement in 2005 that the NHL has kept a portion of the escrow money.
continued and thanks to SBJ for releasing the paid subscripition link to KK…
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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.
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