NHLPA pushed for higher escrow rate

| | Comments (0) | TrackBacks (0)

Due to slowing economy and the threat of a shortfall in NHl revenue, the NHL Player' nhlpa.gifAssociation has been pushing a proposal that would have the players pay 13.5 percent of their paychecks into escrow.  This would be the largest since escrow was established in 2005 as a part of the current collective-bargaining agreement.  Players pay into escrow accounts throughout the season in case salaries.  They pay for over 57-percent of hockey revenue over the course of the season, but anything over that 57-percent is returned to owners from the escrow account. 

From: http://www.sportsbusinessjournal.com/article/60389

With this poor economy it is important to not just sit around and do nothing.  If this proposal goes through the NHL and its revenue can keep flourishing and keep trying to gain the respect it had before the lockout.  If we take this too lightly it could cost the NHL revenue and even more fan support.  It is pivital that this proposal goes through.  If it doesnt and they have to go to members and cut the checks to the owners.  The players have the money another 1.5 percent of their already 12 percent they pay to escrow will be more helpful for them to pay then not to. 

Categories

0 TrackBacks

Listed below are links to blogs that reference this entry: NHLPA pushed for higher escrow rate.

TrackBack URL for this entry: http://www.globalsportsbuzz.com/mt4/mt-tb.cgi/490

Leave a comment

About this Entry

This page contains a single entry by Alexander Arthur published on October 27, 2008 11:26 AM.

NBA's Tip Off Week Gets It's First Major Sponsor was the previous entry in this blog.

Olympic Athletes in Search of Gold Medal Endorsements is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Google
Add to Technorati Favorites