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Originally Posted by Parallex
Everybody wins... Gio get's paid a lot of money, much of it escrow protected, the team has some small insurance against age related decline, all at a managable cap level.
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I'm not sure how they do the accounting on bonuses paid between seasons, but all money paid to the players, salary and bonuses, are subject to escrow.
CBA Article 50.4 (d)(i)
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Each Club shall withhold from each Player who is party to an SPC with that Club (and current Players who retire or otherwise cease playing in the NHL to the extent such Players continue to be paid under an SPC with that Club, including, without limitation, Players who were party to SPCs that have been bought out) an amount of each payment of the Player's Player Salary and Bonuses for that League Year. The amount of each payment to be so withheld shall be calculated by multiplying the portion of each Player's Player Salary and Bonuses to be paid during a pay period by the applicable Escrow Percentage that is then in effect during that pay period.
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