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Entries with the tag: escrow
NHL Players Escrow Hold-Back May Increase
by Alanah McGinley on 12/16/08 at 05:11 PM ET
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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.
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