Quote:
Originally Posted by Jaybo
Not specifically about Mangiapane and apologies if this has been discussed but do we know what happens to contracts if the NHL has to continue when the next season starts (January?) with no (or limited) crowds.
I assume most contracts are based on teams having revenues of ~40 games with ~20,000 fans paying ~$100 per ticket. If that revenue (plus all ancillary revenue from concessions to parking to game day merchandise sales) is gone, how to teams honour their contracts with players which are all staying (roughly) where'd you'd expect them to be B.C. (Before Covid).
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Escrow has been set @ 20% in anticipation of much lower revenues, and in the event that players take home +50% of HRR, this will be corrected gradually over subsequent years when revenues reestablish until the owners are made whole.
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