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Escrow & Kessel Talk

from Fluto Shinzawa of the Boston Globe,

• Revenues for 2008-09 have yet to be finalized. But based on current projections, players will earn only 85-87 percent of their contracts because of escrow. For example, Alex Ovechkin, due $9 million in 2008-09, would take home $7.65 million in pre-tax earnings. For 2009-10, escrow could become even more significant to make up for any revenue shortfalls. The 2009-10 figure hasn’t been set yet, but some agents are informing their clients that 20 percent of their salaries could be tucked away via escrow. “You always err on the side of caution,’’ said Andrew Ference, the Bruins’ player representative….

• For those fretting about Phil Kessel remaining unsigned, remember that there is no rush for either side to put pen to paper. The 21-year-old forward might not be ready to play until December because of rehabilitation following shoulder surgery. Kessel can continue his rehab and see if the Bruins sputter at the start, which could put pressure on the club to lock him up….

more hockey notes, most Bruins related…

Filed in: NHL Teams, Boston Bruins, NHLPA, | KK Hockey | Permalink
  Tags: phil+kessel

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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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