vic wrote:Can someone explain to me what the difference is between escrow and a roll-back?
AS I understand it:
The money owed to a player under contract is paid out in monthly paycheques, which begin and end on the first and last day of the season. A portion (24% I think.. ) of that pay is held back and placed in escrow, (like when you buy a house and the money is placed in safe keeping in neither the seller's or buyer's possession and not released until all subjects to the sale are removed)
Once the season is completed and all the hockey related Income for the league is calculated, the total amount paid to all players may not exceed 57% under the recently expired CBA. If the total amount paid out to all players in the league exceeds 57% of the HRR, the league gets what is in the escrow account.
So under the new proposal Bettman wants that number 57% of HRR to be lowered to 42% or 47% (negotiable)
This would result in a defacto rollback of wages since what a player signed the contract for and what he actually receives is less.
However I could be wrong so don't quote me.
If you sympathise with the players and think that the owners in general and Bettman in particular would sell their grandmother for a buck. You have to question the term HRR because you can drive a bus through that potential loophole.
When you buy a jersey with Schneider on the back for 300 dollars is the profit returning to the Canucks franchise hockey related? What about the revenue from concerts held in Roger's Arena that wouldn't exist if it weren't for the Canucks and the players that we all pay to watch?
Also its been said that if one in ten New Yorkers buy a NYR hat that's a lot of hats, does that belong to the Rangers exclusively or does it belong to the entire league? if it belongs to the NHL and I believe if you look a your Canucks hat right now there is a NHL products hologram on it. so profit on the money you paid for oit HRR or not?
whether you think all of this is bullshit, at the very least it ought to be plain as the beady little snake eyes on Bettman's face that the NHL has a boat load of New York Lawyers working on hiding every penny they have from the likes of you and me, if not the taxman, so really at the end of the day, its not public knowledge what the owners are pulling in, but every one know exactly what Parise and Suter signed for this summer and its a simple thing to go look 'hockey players make too much money for playing a game so fuck em" ...my grandmother can figure that much out and she's dead.