Quote:
Originally Posted by Enoch Root
Escrow is a function of total salaries and total HRR. If total salaries are more than HRR (which they will be, by a significant amount this year), then they apply escrow to bring the total salaries down to equal the HRR number.
What you are referring to is that they are talking about not pushing up the annual cap target (currently $81.5M) as quickly, so that actual revenues can catch up with growth on the cap number.
But escrow is a formula, it can't simply be held back until things catch up.
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Yes I am talking about the salary cap ceiling. If you don't grow the cap escrow will go down relative to HRR increasing (assuming of course).