Found October 19, 2011 on Kukla's Korner:
Earlier this month it was reported NHL players would be receiving checks by October 14th, representing the return of last season’s escrow deductions, which were deducted quarterly from their pay. Since the imposition of the current collective bargaining agreement in 2005, players have had these payments deducted quarterly throughout the season and held in escrow, which is either returned to them the following season if their combined salaries remain beneath their 57 percent of league revenue, or returned to the league if those salaries exceed that level. Unfortunately, the players have yet to receive their checks, because of a dispute between the PA and the league over what constitutes hockey revenue, with the biggest issue, according to CBC’s Elliotte Friedman, being the $25 million payout from the city of Glendale to the Phoenix Coyotes. Continue reading "Escrow Squabble Foreshadowing Another NHL Lockout?"
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