FanPost

Escrot screwing lower end players


A little known fact about the escrow is that it's based on the actual money going out to players, not the salary cap hit. So guys like Kovalchuk add to the actual money being paid out while minimum salary guys get exactly what their contracts says. So if the escrow is 25% and league revenues don't meet projected targets then owners get their money back from the escrow account. This has been the case for the last two seasons as the American economy goes down and the NHL loses sponsors not so willing to give them money as opposed to successful sports like football. Add taxes and agent fees and that does not leave much to build a life from after hockey. I guess they can be thankful they are playing a sport we all dream of but if their not careful they could end up broke and poor at the end of it.

Dan

This FanPost was written by a member of the Silver Seven community, and does not necessarily reflect the beliefs or opinions of the site managers, editors, or Sports Blogs Nation, Inc.

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