Kukla's Korner Hockey
by Paul on 03/12/13 at 05:36 PM ET
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.
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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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