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Old 08-05-2021, 02:36 PM   #1
transplant99
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Join Date: Oct 2001
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Default Cap to rise 1M next year...players owe owners 1 BILLION dollars

5 years from the end of this season, the cap may rise by 10M per year.

Just shows what a pounding the league took through the last year and a half.

Escrow is going to annihilate the players moving forward as well.

Quote:
In addition, sources say that the escrow balance owed by players to owners is in the ballpark of $1 billion following last season, though the exact figure is still being computed following final 2020-21 accounting. A total of $1.1 billion owed is most likely.

But according to a calculation run by Daily Faceoff, NHL players are projected to increase the balance owed to owners in the 2021-22 season – not begin to pay it off – because at $4.8 billion in revenue their projected salaries paid ($2.9 billion) are likely to significantly exceed their allotted 50-50 share of $2.4 billion.
https://www.dailyfaceoff.com/seraval...on-in-2022-23/
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