Tag: nhl escrow

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What the NHL should do about sham contracts like Kovalchuk's 17 year, $102M deal

Ilya Kovalchuk will keep firing pucks for the New Jersey Devils, but his contract is just another sham designed to circumvent the NHL's salary cap system.

That's the insidious nature of the escrow-enforced triple cap system. It pits player against...

That's the insidious nature of the escrow-enforced triple cap system. It pits player against player, teammate against teammate, those under long-term contracts against those about to hit the market.

>>Larry Brooks, being his usual CBA=Sky is Falling self. Ironically, the point of his article is right: The players should enact the escalator and hope revenues grow to limit their escrow payments. But it's a joke for Brooks to pretend this mechanism has an "insidious nature" rather than, well, the nature of collectively bargained contracts: You sacrifice some individual choice when times are good for you in exchange for some individual (and collective) security when times are bad. That's why people form unions.

Players have paid 18 percent escrow in the first two quarters of this season, with the...

Players have paid 18 percent escrow in the first two quarters of this season, with the third-quarter amount to be decided at the end of the month. It's estimated the final escrow payments will range from 12 to 15 percent; again, another big chunk of change for the players. The biggest frustration for the players is they are tied to the league's business decisions with no downward protection. For example, the players believe the whole Coyotes mess in Phoenix is costing them money and they have no say in it.

— Pierre LeBrun, ESPN.com

2009 NHL Free Agency: Which teams have cash to burn?

So, two days into the market, about $120-million in contracts for next season handed out, and by my count another $150-million to go.

Escrow going to 22.5 per cent, NHLPA says

There have been a variety of reported figures out there for where the escrow figure will sit for the third quarter of the season, but NHLPA executive director Paul Kelly was on The Fan 590 radio...

The escrow question

And with several clubs in financial peril, the PA and its members are eager to have a voice in how the league reshapes itself. “Why are we keeping Phoenix afloat at the players' expense?” argued...

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