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In a recent segment of Insider Trading, TSN’s Frank Seravalli discussed how some NHL players are considering foregoing their final check of the season.
Final paychecks will be coming on April 15 and one of the options players are thinking about is foregoing the check. “That’s the discussion that’s ongoing at the player and team level,” Seravalli said.
Player representatives have taken the idea back to their respective teams and are weighing options. Ultimately, NHL players have three choices regarding the check: take all of the remaining money and put it towards the escrow fund, take some of it, or none at all.
There is $140 million dollars in gross pay in this last check. It would take this season’s 14% of escrow withholding and increase to 16.5% – 17% as the total take for the 2019-20 season. Should the NHL not resume this season and the escrow is 35%, any amount paid back will “certainly help” the league’s owners.
Decisions will have to be made and quickly. The deadline is April 7 to figure out what to do with that final paycheck.
You can watch the full Insider Trading segment here.
By Della Young