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Holding On To Escrow

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…

Filed in: NHL Talk, NHL Business of Hockey, NHLPA, | KK Hockey | Permalink
 

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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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