From Kukla’s Korner: Escrow

Revenues for 2008-09 have yet to be finalized. But based on current projections, players will earn only 85-87 percent of their contracts because of escrow. For example, Alex Ovechkin, due $9 million in 2008-09, would take home $7.65 million in pre-tax earnings. For 2009-10, escrow could become even more significant to make up for any revenue shortfalls. The 2009-10 figure hasn’t been set yet, but some agents are informing their clients that 20 percent of their salaries could be tucked away via escrow. “You always err on the side of caution,’’ said Andrew Ference, the Bruins’ player representative….

via KuklasKorner : Hockey .