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12.9% Is Final Escrow Number For Last Season
by Paul on 10/05/09 at 06:51 PM ET
Comments (2)
via Bob McKenzie of TSN,
The final escrow number (basically the percentage of player salaries the players gave back to the NHL for league overspending) for last season has been made official and it’s 12.9 per cent.
That means whatever the face value of a contract was for 2008-09, the player actually receives 12.9 per cent less than that.
But since the amount of escrow money withheld last season was around 18 per cent, the players will be getting a cheque cut, worth about five per cent of their salary. It’s not a refund per se, since the money collected belonged to them in the first place.
Filed in: NHL Teams, NHL Talk, NHL Business of Hockey, NHLPA | KK Hockey | Permalink
Comments
It’s not a refund per se, since the money collected belonged to them in the first place.
Hell, we call them ‘tax refunds’ even though the collected money belongs to us in the first place.
Posted by MarkK from Maryland on 10/06/09 at 05:31 AM ET
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Posted by Hippy Dave from Portland by way of Detroit on 10/05/09 at 09:56 PM ET