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View Full Version : Escrow Rises from 16% to 18% — 2020 Lockout Right on Schedule!



Phil in Absentia
01-25-2016, 11:42 AM
Escrow has risen from 16 percent to 18 percent, according to multiple reports.

No surprise there, given the Canadian dollar’s plunge. With seven of the NHL’s 30 teams in Canada, there was no way league revenues weren’t going to be affected. Some had predicted escrow would go up even more.

Despite the fact it’s not the owners’ fault that the oil market crashed, taking the loonie down with it, the players won’t be happy to have almost a fifth of what they expected to earn withheld from their paychecks. While some of that significant chunk could be returned at a later date, there’s no guarantee that it will be.

http://nhl.nbcsports.com/2016/01/25/escrow-went-up-again/

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The writing is, as they say, on the wall. Right now, the early indications are that trade clauses (both no-move and no-trade) and escrow will be sticking points for both sides. The league, in this case, coming down hard on wanting to remove clauses entirely and the PA wanting far more protection against rising escrow percentages.