Players to receive escrow payment on Wednesday

NHLPAweb

Locked-out NHL players are expected to receive last season’s escrow payment on Wednesday, according to a spokesman for the NHL Players’ Association who spoke to The Canadian Press.

CP reports that players are due to be returned 7.98 per cent of what they earned last year, plus interest, on the same day they would have received their second paycheque of the season if there hadn’t been a lockout.

The escrow payments will amount to about $80,000 for every million dollars a player earned - before deductions. New York Rangers forward Brad Richards will gross approximately $960,000 after being the league’s highest-paid player last season.

Read more by clicking here.

Meanwhile, The Gazette’s Pat Hickey writes that it’s time for Canadians to take back our game and start over by establishing a new league. You can read his column by clicking here.

(Photo by Chris Young/The Canadian Press)

19 Comments

  1. arcosenate says:

    Wow, Scott Gomez earned every penny of it.

  2. Marc10 says:

    Common sense dictates they’ll get this done. It’s a math problem at the end of the day and both sides should already know what’s at stake and where the compromise needs to be made.

    There’s a point when for both sides this turns into a losing proposition and they should be getting there. No games means a lot of money that could be spent on $175 jerseys and $10 beers is going to be lining someone else’s pockets.

    • Mustang says:

      Marc, the problem with your comment is that you are looking at this logically. Logic was thrown out the window when this became a pissing contest between the egos of Bettman and Fehr.

      Personally I will not be the least bit surprised to see this entire season written off.

  3. JoaquindaPark says:

    Pat Hickey’s illuminated solution just fired 125 players. His article illustrates exactly what the players don’t seem to get. That for al these players to earns an average of $2M per year, owners business have to be healthy. If the league contracts, so will player overall salary mass. Sell that concept to Don Fehr.

    • B says:

      The average salary last season was $2.4M, that makes the average escrow cheque going out about $191,000.

      The PA does not want any players to lose jobs and the league does not want to lose teams either. So while many fans, especially those in Canada, would like to see some of the bottom teams dropped, the league, the PA, many sponsors and US TV networks just do not share that desire. I don’t expect that to change any time soon and not under the next CBA (whenever that might happen).

      All involved in the decision process support some means of revenue sharing to help prop up the teams with financial difficulties. The PA proposed that the top 10 teams (Montreal being high on that list) pay $250M to the bottom 10 teams to avoid loosing any player jobs. The league proposed $200M going to the bottom teams with no more than half of that ($100M) coming from the top 10 teams. IF the PA gets their way and Montreal would have to pay out something like $25M to the bottom 10 teams, what effect do you think that would have on the charges the Habs pass along to their fans in the form of ticket prices, concessions and merchandising? Would the Habs consider other options to raise more revenue such as going to a pay per view model for their games on TV? Keep in mind the team would get no more than 50% (based on most recent CBA offers) of such revenues and that it is quite possible a backlash from fans could reduce overall revenues (more so the longer this mess goes on). Even if angry fans cut back the teams revenues by 10% or 25% or what ever, the Canadiens would still be on the hook for sending about $25M to the bottom 10 teams under the PA’s proposal (it is a hard number and not a percentage of or tied to revenues). Ouch!

      While the Habs would certainly prefer to be playing games and not losing that money right now, they also have some very compelling reasons not to want to capitulate and operate under what the players have been offering so far.

  4. V says:

    Just watched half the flash mob video. Almost a minute of my life that I can’t ever get back.

  5. Bripro says:

    Wow guys! I was going to respond to Burly’s rant, trying to lighten the mood, when I looked up and commy has called it! So much for lightening the mood!
    I did want to make an observation on the escrow disparity between the have and have-not players.
    Brad Richards – $960,000
    Scott Gomez – $592,000
    P.K. Suban – $70,000

    *********************************************
    “I’m here to tell you: Gary Bettman hasn’t felt this alive since he killed Harry Potter’s parents.”

  6. ABHabsfan says:

    First comment: if the NHL comes back with less than their last offer, which many pundits think is a real possibility, this season is toast. How can these two screw up our game so badly? $3.3 B in revenue and they decide to have a pissing contest.
    Secondly: Does Sid still live with Mario in Pitt? Because that would make for an awkward dinner table.
    Oh, and appoint Ken Dryden as mediator. It would get the job done and it’s a good political move by Harper, Dryden being a Liberal. Though truthfully I’m not sure if Harper has the jurisdiction to do that; both parties are likely American.

    “man, I love winnin’; you know, it’s like better than losin’?”-
    Ebby Calvin “Nuke” Laloosh

    • B says:

      Both sides are losing money now and I expect both to be “altering” their offers to reflect and try to recoup some of those loses. I doubt either side will be receptive to the other’s recouping alterations and this mess could drag on a lot longer until both sides end up agreeing to cut their loses and move on. In the end, I think the core separation remains between the two sides, how and when to get to a 50/50 split. Insistence from either side in trying to recoup some loses as well will just further slow thing down IMO.

    • B says:

      Crosby has his own house now (not far from Mario’s I believe). So after several years of staying with Mario and his family, Crosby is now in lock step with his union brethren while they cry and moan about how the owners (like Mario) screwed over the players (like Crosby).

      I realize it is all business and posturing, but I still wonder what Mario thinks when he sees Crosby standing up in support next to Ferh while Fehr goes on and on to the media about how the owners have screwed over the players since the last CBA? I suppose it could be a bit awkward if they still lived under the same roof, but it is also likely they could brush it off and put it aside as just a part of the business (kind of like the unpleasant side of salary arbitration reviews where the team has to point out of a players short comings – yet will be glad to have them and move on when all is said and done).

  7. commandant says:

    Gotta think the year is pretty close to being completely done.

    Go Habs Go!
    Check out Top Shelf Prospects, my Team by Team prospect reports
    http://lastwordonsports.com/

    • Ozmodiar says:

      Perhaps, however, a deadline such as the cancellation of the Winter Classic can be the catalyst that gets talks rolling again. We shall see.

    • Boomer says:

      hi comm,
      Agreed. not much hope left.
      To the draft I say! and speaking of which, Button had a scouting report on monahan and kujawinski. I know how much you like kuja.
      Tsn draftcentre.
      cheers

  8. HabinBurlington says:

    I have a hard time buying into the Flash Mob scene, as it is clearly sponsored by Sportsnet. Well Sportsnet is Rogers owned and operated and they are owners of the Maple Leafs.

    Perhaps instead of pretending to care about the fans this fricking sports station could talk to Bettman about finding a way to get a deal done. Very hypocritical for Sportsnet to pretend they give a rats ass about the fans.

    Rant over.

  9. Ozmodiar says:

    Not sure if Hickey’s serious or not. :)

  10. HabinBurlington says:

    This will buy Fehr another couple weeks. But the big paycheques are now over. Perhaps soon both sides may start talking. My fear is the longer it takes the players side to start giving, the more ridiculous the NHL gets in their demands.


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