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Originally Posted by ricardodw
The CBA says that the player salaries are pegged to 50% of revenue. With revenue down 75 % The real money paid to player will be around 20M per team.... The rest is in Canadian Tire money.
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With the CBA extension the 50% linkage is no longer annual, but over the course of the next 6 years (plus the year we are completing).
https://stories.featurd.io/2020/07/0...%20the%20deal.
https://www.espn.com/nhl/story/_/id/...ys-nhl-new-cba
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Escrow withholding for 2018-19 was 12.9%, with 3.25% returned to players. So the official escrow loss for the players that season was 9.65%.
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20% for 2020-21
Between 14% and 18% for 2021-22, depending on hockey-related revenue
10% in 2022-23
6% from 2023 through 2026
In addition, the players agreed to changes that will give the owners additional cash flow next season. They will defer 10% of their salaries next season, with it being returned to them in installments from 2022t to 2025 under more favorable escrow terms. NHL owners also will have access to this season's escrow 15 days after CBA is ratified.
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It's unclear if the 10% deferral is a part of or in addition to the 20% escrow.
The players have to get back to within $125M of 50% of total HRR by the end of 2026 or else the CBA extends another year to make the owners whole.
How deep of a hole do the players want to dig themselves? Would it be more prudent for everyone to seek a shorter regular season and take a bigger haircut this year? Hope to get back on cycle and chase other revenue opportunities (world cups) as soon as they are feasible?