Kukla's Korner

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Entries with the tag: escrow

Video- The Hotstove Tonight

The health of Steven Stamkos was the first topic discussed by the Hotstove panel made up of Glenn Healy, Elliotte Friedman and Nick Kypreos.

Up next was Ryan Callahan and Kypreos is saying Sather is trying to generate interest from other teams but one Western Conference team says Callahan is asking for too much.

The Canadian dollar and escrow was the next topic.  Healy says with the Canadian dollar dropping will mean the players will be giving more money to escrow.

You can watch the video below:

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Filed in: NHL Teams, NHL Media, Hockey Broadcasting, CBC HNIC, | KK Hockey | Permalink
  Tags: escrow, ryan+callahan, steven+stamkos

Every player hates escrow: TSN’s McKenzie pegs initial escrow rate…well, it’s high

Updated with a "conflicting report" at 10:16 PM: Ouch, per TSN's Bob McKenzie:

The drop in the salary cap from $70.2 million to $64.3 million should ensure that the players get some of their money back--the New York Post's Larry Brooks reported that the players paid 16.26 percent of their 48-game-averaged salaries back to the league last year--but everybody knew going in that the reduction in the players' share (from 57-and-change percent to 50 percent of revenues) would be clawed out of the players' paychecks in escrow payments.

And while we're at it...

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Filed in: | KK Hockey | Permalink
  Tags: escrow, nhlpa

NHL Players Escrow Hold-Back May Increase

From Mark Spector at Sportsnet.ca:

NHL players have been warned by their association that its escrow hold-back could be increased in the new year.

Currently, the NHL holds back 13.5 per cent of players’ paychecks. That money is available to the league at the end of the year in case NHL revenue projections are not met. The procedure was included as part of the most recent collective agreement so that players take home only their negotiated 56 per cent share of NHL revenues. Players have received back all of their escrow monies the past three seasons.

continued…

Filed in: NHLPA, | KK Hockey | Permalink
  Tags: escrow, nhlpa

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