Sports

Locked-out players getting escrow checks

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Posted: Oct 31, 2012 10:47 AM
Source: Associated Press

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Topics: toronto, nhl, lockout, hockey, pay, escrow, players, owners

TORONTO - Locked-out NHL players are expected to get back last season's escrow payment on Wednesday. That's what a union spokesman says.

Players are set to be given 7.98 percent of what they earned last year, plus interest, on the day they were to have received their second paycheck of the currently delayed season.

The escrow payments will amount to about $80,000 for every million dollars a player earned, before deductions.

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