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Report- Players Agree To Increase Escrow Rate

from Pierre LeBrun of ESPN,

The NHL and NHL Players' Association have agreed to change this season's escrow rate to 20 percent, sources confirmed to ESPN.com.

That's up from the 10 percent rate both sides had agreed upon in late January shortly after the season began.

The change comes as a result of lower than originally projected NHL revenues for the lockout-shortened season.

That means players, as of this week, will fork over 20 percent of every paycheck into an escrow fund until both the league and NHLPA figure out the final numbers next summer or next fall in terms of hockey-related revenue.


Filed in: NHL Teams, NHLPA, | KK Hockey | Permalink



Outrageous outrage!  The NHL steals from the players again!  Indentured servitude!

Posted by HockeyinHD on 03/12/13 at 05:49 PM ET

Paul's avatar

You did, HTO.

Posted by Paul from Motown Area on 03/12/13 at 06:06 PM ET


now they’re not meeting projections?

Depends on how stupid the projections were.  Knowing the NHL, really stupid.

Posted by HockeyinHD on 03/12/13 at 06:07 PM ET

George Malik's avatar

We knew this was going to be “cap through escrow” going in. So did the players. They had to agree to what they did to ensure that there would be a season. It’s not ideal for them but it is what it is.

Posted by George Malik from South Lyon, MI on 03/13/13 at 12:45 AM ET

redxblack's avatar

Locking out the workforce to the detriment of the brand leads to lower revenues and bitter fans. There were several articles saying just that, and our resident genius kept opining on how wrong everyone was and that fans would be right back in seats as soon as they opened the doors.

Except the fans aren’t back, and the ones that are now are not buying licensed merchandise.

Posted by redxblack from Akron Ohio on 03/13/13 at 08:00 AM ET

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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.

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