Comments on: Explaining the players’ desire for a higher 2013-14 salary cap

By: raoool

raoool — Sat, 05 Jan 2013 15:13:39 +0000

wait – are you serious?! Are you tring to say that the players want more money because.. they want more money?!

thanks for the enlightenment

By: northstars17

northstars17 — Fri, 04 Jan 2013 23:48:37 +0000

A deal is not going to happen this week that’s one thing I know for sure. I also know most of you naysayers will be the first to attend games when they resume next Fall. I’ll admit I’m one of them. I’m not going to let these greedy executives ruin my game of hockey. I will support my team, there is no other sport like hockey, especially live. I’ll try to watch as much free hockey as possible, but ill be attending live no doubt about it.

By: paul621

paul621 — Fri, 04 Jan 2013 23:28:18 +0000

Did I end up on a different site or something? I thought I just saw a completely helpful, civil exchange in the comments! This can’t be PHT!

By: woodstakes

woodstakes — Fri, 04 Jan 2013 23:23:16 +0000

Doh, or what vanchuk said LMAO. Should have scrolled down before my terrible discription!

By: woodstakes

woodstakes — Fri, 04 Jan 2013 23:22:33 +0000

wingsdjy.. A player’s NEVER EVER EVER get more then whatever the share is agreed at. So if they are guarantee’d 50% then what the league does is pay the player’s a large portion of their paycheck every 2 weeks/Month and hold a percentage of every players check in escrow. Then at the end of the year, the league figures out what the total revenue number is from HRR and then decides what percentage of players salary held in escrow do they then give to the players. So if the league holds 10% from every check and at the end of the year giving the players 8% of what they held in escrow equals 50% then all the players get is 8%. If all 10% of what they held in escrow equals 50% then the players get back all 10%. If not giving anything back out of escrow equals the players getting 50% then the players will never see that money. NOW, if the league gave back 10% and that still didn’t get the players to 50% then I don’t know what happens/where those additional funds would go.

By: wingsdjy

wingsdjy — Fri, 04 Jan 2013 22:42:44 +0000

Thanks for the explanation.

By: vanchuk

vanchuk — Fri, 04 Jan 2013 22:30:44 +0000

Wings,

He would get 1.5mil minus a certain percentage that goes into the escrow fund (I think around 8-10%) At the end of the season HRR is totalled up and if the players received more than their allotted percentage, the league distributes the proper amount of escrow to the owners. Whatever is left after the owners are back to their percentage is then returned to the players. So in the previous CBA, if the players received 59% of HRR, 2% of their salaries would be given back to the owners (out of escrow monies) and the remaining 6-8% would be returned to each player.

At least that’s my understanding of it. Hope that makes sense

By: wingsdjy

wingsdjy — Fri, 04 Jan 2013 22:24:16 +0000

Okay, so how exactly to modern contracts work. If a player signs for $1.5M/year, does he get $1.5M plus a portion of HRR? Or does his base salary + HRR add up to something close to $1.5M?

By: ThatGuy

ThatGuy — Fri, 04 Jan 2013 22:10:15 +0000

Because if the money is in the escrow account, the NHL doesn’t have to collect individual checks from the players for a portion of their salary if the NHL overpays the players as a whole. They just take what they are owed from the escrow, and any leftovers gets returned to the players.

By: wingsdjy

wingsdjy — Fri, 04 Jan 2013 21:47:55 +0000

Sorry if this is a dumb question, but what is the purpose of putting a portion of the players salaries in escrow? And what determines whether or not they need to use escrow?