PDA

View Full Version : Locked-out NHL players given escrow cheques before missing another pay period



Coach Selly
10-31-2012, 07:47
Locked-out NHL players had the pain of missing their first full pay period offset Tuesday when they received last season's escrow cheque.

Players were returned 7.98 per cent of what they earned last year, plus interest, one day before their second paycheque of the 2012-13 season would have been due, according to a spokesman for the NHL Players' Association

The escrow payments amount to about $80,000 for every million dollars a player earnedóbefore deductions. For example, New York Rangers forward Brad Richards grossed approximately $960,000 after being the league's highest-paid player last season.

Read on (http://www.thehockeynews.com/articles/48761-Lockedout-NHL-players-given-escrow-cheques-before-missing-another-pay-period.html)