NEWS Artemi Panarin Shows Concern Over Restart by Will Wiegelman June 25, 2020 The NHL is looking to come back and finish the 2019-20 season with a 24-team Stanley Cup Playoffs. However, the hub city method still presents concerns for players. Rangers’ star Artemi Panarin is among those who want answers. Panarin tweeted out a paragraph on Thursday saying he has “concerns not only about the health of players and their families but also about the long-term prosperity of the NHL.” He continues by discussing how “the players have protected the owners’ income with escrow, including through this pandemic crisis, even as [the] owners’ equity continues to grow exponentially.” Escrow payments are a piece of the players’ salary that is withheld until the end of the fiscal year to ensure a 50/50 revenue split. When the majority of teams spend more than the midpoint between the salary cap and floor, the owners get to keep a big chunk of the escrow money. Over the past few years, the owners have kept around 10% of every player’s salary as an escrow. On Panarin’s $11.6 million-dollar-a-year deal, over $1.1 million that goes back to the people who sign his checks. He said, bluntly, in his statement “It’s time to fix the escrow.” Panarin also hinted at a possible player strike, saying “We as players cannot report to camp to resume play without already having an agreement in place.” It would be interesting to see what the players do despite declining the opt-out option in the current collective bargaining agreement, extending it to 2022. Panarin ended his statement touching on the lack of playoff hockey in his team’s hometown closing with “I sincerely wish that my teammates and I could train and play games at MSG and bring employment and economic opportunity safely back to New York City for Rangers fans and all New Yorkers.” New York is not on the list to be a hub city to host the Stanley Cup Playoffs. Post Views: 921 The following two tabs change content below.BioLatest Posts Will Wiegelman Latest posts by Will Wiegelman (see all) Lou Lamoriello Nominated for GM of the Year - September 10, 2020 In Movement Led by Hockey Diversity Alliance, NHL Postpones Playoff Games - August 27, 2020 UBS Arena: A New Home for the Islanders - July 22, 2020 Ilya Sorokin Signs with NY Islanders - July 13, 2020 Related TopicsArtemi PanarinHockeyNew York RangersNHLnhl escrowStanley Cup Playoffs Click to comment You must be logged in to post a comment Login Leave a Reply Cancel replyYou must be logged in to post a comment. Newsletter Subscription Can't Miss Posts! Women in Sports: NHL Network Host, Jackie Redmond by Nicholas Durst | posted on March 4, 2019 From Paramus High School to CBS Sports, Spero Dedes is making waves in sports broadcasting by Sunil Sunder Raj | posted on October 27, 2020 Lochte, Dressel and Ledecky all Chasing Gold at 2021 Tokyo Olympics by Anthony Paradiso | posted on April 18, 2021 Women in Sports: Podcast Host, New York Riptide Sideline Reporter, Dani Wexelman by Luke Porco | posted on March 3, 2020 You Know I’m Right, Episode 109: The Athletic’s Marc Carig (Audio/Video) by Nicholas Durst | posted on April 19, 2021 More in NEWS French Officials Identify Over 400 Sports Figures Suspected of Sexual Violence Sixty people have faced criminal proceedings, and over 100 have been remove from their... Tim Peel is Discharged After Caught on Hot Mic Tim Peel was Discharged from the NHL After He was Caught on the Hot... Lebron James Leaves Coca-Cola To Sign With Pepsi Lebron James Leaves Coca-Cola To Sign With Pepsi To Be The Face Of Mountain... WNBA Rolling Out Red Carpet For Upcoming 25th Anniversary Season The WNBA’s 25th season also marks the debut of the WNBA Commissioner’s Cup. You Know I’m Right, Episode 20: MLB And Craig Carton Are Back (Audio) Devils Get Seventh Pick in 2020 NHL Draft