![]() The deal calls for the 36-year-old to make just $5 million in salary and bonus for 2021-22 but $9 million or more in each of the next four years. That helps explain a notable omission from this year’s top ten: Washington Capitals superstar Alex Ovechkin, who signed a five-year, $47.5 million contract in July. By taking less money this season but more money in the years ahead, they cut down on the amount of money they will lose to escrow. Knowing that the escrow figure is due to decline to 10% for the 2022-23 season and then to 6% through 2025-26, many players pushed for back-loaded contracts in free agency this summer. ![]() That has some agents resigned to the fact that players will once again have to kiss all of their escrow money goodbye as they pay down that tab the salary and bonus figures included in Forbes’ list reflect the full 17.2% deduction. But the escrow account hasn’t always been enough to lift team owners’ share of revenue to the required level-particularly last season-and that has left the players with a sizable pile of debt. This season, the escrow figure is set at 17.2%, and with the NHL expecting revenue to recover as fans return to the stands, some league insiders are optimistic that a portion of that escrow money may wind up back in players’ pockets. Last year, players had 20% of their salaries diverted to escrow, and with arenas left empty by the pandemic, they didn’t get a dime back. A portion of players’ paychecks is held in an account until the league can finish tabulating its income at the end of the season that money is then returned to the players or handed over to the owners depending on how much revenue the league collected over the course of the season. Under the league’s collective bargaining agreement with its players’ union, the NHL uses an escrow system to ensure a 50-50 split in revenue between owners and players. ![]()
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