Larry Brooks: “Second quarter escrow withholding rate increases from 11.5 to 13.5% in response to NHL’s downward adjustment of second quarter HRR.”
Allan Walsh: (noting on Brooks’ tweet) “NHL CBA: Sign an employment contract and 13.5% of your compensation gets withheld from your paycheck and returned to your employer.”
Pierre LeBrun: (noting on Brooks’ tweet) “Certainly noteworthy. Not only because of lower HRR projections but also because of exchange rate and increased player compensation.”
Pierre LeBrun: (noting on Brooks’ tweet) “And of those three factors I would rate the exchange rate as being No 1.