NHL players face massive escrow increase on Friday

Tuesday March 12th, 2013

Ryan Getzlaf will soon be seeing less of the huge 8-year, $66-million deal he recently inked with the Ducks. (Jae C. Hong/AP)

By Allan Muir

They won't be scrounging for forgotten change in vending machines or offering to squeegee your car at a major intersection any time soon, but NHL players are about to be much shorter on cash than they'd expected.

Multiple sources are reporting tonight that the escrow deduction will leap from 10 percent to 20 percent starting with this Friday's pay check. The bigger chunk is required to cover for lower-than-expected revenues. Sources say hockey-related revenue estimates have been lowered from $2.4 billion to $2.1 billion.

The good news for the players is that the 20 percent rate is aggressive and they can expect to get some of that money back in the long run. The "make whole" provision that was the core issue of the recent CBA discussions will ensure that much of that amount is restored. And there's a chance that higher playoff takes will have a positive impact on hockey related revenue as well. In other words, every player's second-favorite teams right now are Toronto and Montreal.

SI Apps
We've Got Apps Too
Get expert analysis, unrivaled access, and the award-winning storytelling only SI can provide—from Peter King, Tom Verducci, Lee Jenkins, Andy Staples, Grant Wahl, and more—delivered straight to you, along with up-to-the-minute news and live scores.