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Originally Posted by Bingo
Not sure but I'd assume the audit was from the NHLPA side which delayed things because they didn't believe the first settlement.
What I don't understand, perhaps this will educate me, ... is why this is a problem. Shouldn't this have been expected when the CBA was struck based on a percentage of total revenue?
It's a lot easier to get 31 teams to true up a number than 750 hockey players.
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I think the NHLPA want a system like the NBA.
In the NBA escrow is capped at 10%. If it is determined that the 10% escrow is insufficient to cover the player's share, the owners can take up to 1% of Basketball related income from the player's benefits.
If that 1% is still not enough, nothing more is taken from the players.
The NBA also has a system to try and prevent taking from the player's benefits and the Owners being out of luck. If it start looking like the 10% escrow will not be enough when projecting revenues for the upcoming season, the salary cap is reduced regardless of projected revenue.