Kukla's Korner

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NHL Revenue Stabilizing

Buried deep in the Globe and Mail blog of Eric Duhatschek, is this interesting bit...
...last week, The Hockey News did the math for all of us and calculated that the average NHL salary this season would be $1.46-million, down from the $1.83 million average in 2003-04. Considering the players accepted a 24 per cent rollback as part of the new CBA, that figure is just about right. Currently, players are also having 12 per cent of their salaries withheld in escrow payments (because under terms of the CBA, their incomes cannot exceed 54 per cent of the NHL's gross annual revenues), but indications are, the amount held in escrow will decline in the second quarter, because revenues appear to be stabilizing, if not actually growing. Under terms of the escrow provision, the players could get some (or all) of the monies withheld in escrow back, depending on where revenues are at the end of the year. An average NHL salary of $1.46-million would be the lowest since 2000-01, when the average was $1.41-million …

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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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