Kukla's Korner Hockey

Kukla's Korner Hockey

NHL Players Could Take A Financial Hit

03/19/2020 at 1:36pm EDT

from Larry Brooks of the New York Post,

The plight of NHL players’ finances likely are not uppermost in your mind. But even though it may feel as if the world has come to a complete halt, it has not. Business grinds on even if the season does not.

In that vein, the NHL has informed the NHLPA that 2019-20 escrow would be expected to increase by four percent under a best-case scenario but surge to an additional 21 percent under the worst-case scenario that presumably would be represented by outright cancellation of the season and the playoffs, a well-placed source has told The Post.

This increase would be added to the 14-percent escrow deductions from paychecks throughout the season. In other words, the best-case scenario as presented by the league would mean that players would receive 82-percent of the face value of their contracts while the worst-case scenario would leave players with a net 65-percent of their deals.

The season is approximately 85-percent through, so the discrepancy reflects the massive amount of revenue the playoffs produce.

continued

Create an Account

In order to leave a comment, please create an account.

About Kukla's Korner Hockey

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.

Email Paul anytime at [email protected]