According to multiple sources, the potential agreement between the NHL and NHLPA caps escrow at 20 per cent for the 2020-21 season. Original guesstimates were escrow at 35 per cent if this year did not finish, 27-28 even if it did.
But there is a second layer: a one-season-only 10 per cent salary deferral by every player. I’m told this is not a rollback. Players will be returned that money in the future. The benefit to them is the escrow on it would be lower.
These are elements of a much more complicated puzzle. One source compared it to a “payment plan you might negotiate with your credit card company.” From an ownership perspective, every dollar owed the teams on the 50-50 revenue split will be repaid over the balance of the CBA.
As part of the agreement, the salary cap will be kept close to the current $81.5 million for the next three seasons. There is potential for it to go up $1 million in 2022-23.
Since it is a CBA, the NHLPA’s constitution mandates that every player gets a vote. It is expected, as The New York Post’s Larry Brooks reported Thursday, that Return to Play will be intertwined with the CBA, meaning players will be voting on both safety and financial protocols at the same time. A simple majority is enough for a “yes.”