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Players Give Back 12%

via TSN,
When National Hockey League players receive their first paycheque on October 15th, 12 per cent of it will be withheld to fulfill the escrow payment as part of the new collective bargaining agreement. Sources tell TSN, the precise 12% figure for escrow has now been posted on the NHLPA secure web site, The Source. TSN reported, earlier this week, that the rate of escrow for the first quarter of the season would be at least 10% and perhaps more. Although members of the NHLPA have been aware of the escrow situation, it's not likely too many of them will be thrilled when they see 12% missing from every paycheque they receive in the first quarter of the season.

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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.

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.

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