Kukla's Korner Hockey
by George Malik on 10/13/06 at 04:02 AM ET
Everyone in the hockey world, the media included, seems to get itself all worked up over the word escrow. The sooner we all learn to accept it as a part of the new-world NHL, the better. That’s the message the NHL Players’ Association has for its constituents. After dealing with a frenzy of player speculation and paranoia concerning escrow last year, the PA is basically telling players to relax and deal with it. After all, it’s nearly impossible to predict where revenues are going to be in any given year, so the PA is telling players that each year either the players will be giving money back to the NHL or the NHL will be giving money back to them.The NHLPA has a very vested interest in making sure the NHL "gives money back" to them each year:
Another misconception about the CBA is that the players receive 54 per cent of revenues. But that’s only if revenues fall under $2.2 billion. Should the league be wildly successful and make more than that this season, the players would get 55 per cent of revenues from $2.2 billion to $2.4 billion. That goes to 56 per cent for revenues from $2.4 billion to $2.78 billion and 57 per cent for anything exceeding $2.78 billion.continued
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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 firstname.lastname@example.org