Truth & Rumors > NHL
Ovechkin unhappy with union escrow
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09:39 AM ET 11.15 | We're told Alex Ovechkin, who beginning next season will have 11 years worth a face value $106 million remaining on his contract with Washington, interrupted a PA conference call last month to declare that his only interest was in reducing or eliminating escrow deductions that conceivably will cost him upward of 15 percent of his annual salary. Escrow, of course, is the mechanism by which the NHL enforces the percentage-of-the-gross concept on which the entire hard cap CBA is based. If there is no escrow or if there is a cap on escrow as per the NBA, there is no hard cap.
Alex Ovechkin, AP
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