from John Dietz of the Chicago Daily-Herald,
Jonathan Toews just wants to be paid what his contract says he should be paid.
Not a dollar more. Not a dollar less.
But that's not the way it works in the NHL because of a dirty little word -- among players anyway -- known as escrow.
Every year, players have a percentage of their salary deducted and placed into an account until the league determines how much of that pool must be paid to the owners to achieve a 50/50 revenue split.
In the early days of the current collective bargaining agreement (CBA), players actually received their escrow back, plus a bit more. But the rising salary cap has enabled owners to dole out heftier contracts -- and revenues have not kept up.
So players are losing in excess of 10 percent of their annual salaries.
Along with participation in the Olympics, escrow is a big reason the NHL Players' Association may opt out of the current CBA by Sept. 15.
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