Quote:
Originally Posted by iggy_oi
The Larry brooks article posted in here mentioned it. Next season the players are receiving 72% of their salary due to the 60 game schedule.
I agree. All I said is that they’d be stuck paying the elevated escrow because they are fixed and you asked for a citation so I gave you one. I’m aware they get it back if revenues go high enough.
I thought the players had received payment when the league had higher than expected revenues in some previous seasons but in any event I’m not disagreeing with you at all on the principles of escrow. My comment about the potential oversimplification was simply based on the fact that I don’t know if the excess revenue paid back to players is divided equally or if its division is weighted based on the players individual salaries. Maybe someone on here knows those details.
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You might be right about over-payment in the earliest years...it certainly hasn't happened recently.
I missed the Brooks article; just gave it a read. There isn't any connection between the 60 games and 72%, but all of the paragraph 17 stuff is interesting. I know somebody posted it before, but here it is again:
Quote:
In connection with this agreement, (i) for the 2019-20 League
Year, the NHL agrees to waive any potential applicability of SPC
Paragraph 17 solely on account of the loss of games due to the
COVID-19 pandemic on a non-precedential and without
prejudice basis for future League Years, (ii) For the 2020-21
League Year, the NHL agrees to waive any potential applicability
of Paragraph 17(c) in connection with the COVID-19 pandemic
on a non-precedential and without prejudice basis for future
League Years, and (iii) such waivers do not affect any other rights
or positions of the parties with respect to SPC Paragraph 17.
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IANAL so I can't parse the difference between verbage for '19-20 vs. this upcoming season, but they must have been worded differently for a reason.
I think the league's argument may be: season length is being dictated by the calendar (and perhaps economic conditions), not COVID. If games get cancelled because of COVID outbreaks, you will still get paid.