STATEMENT FROM NHL & NHLPA REGARDING RESOLUTION OF 2010-11 HRR MATTERS
TORONTO/NEW YORK (January 20, 2012) -- The National Hockey League Players' Association (NHLPA) and the National Hockey League (NHL) issued the following statement today:
The NHL and the NHLPA have reached a settlement of their dispute over 2010-11 Hockey Related Revenue (HRR). The return of Escrow monies to the Players and Revenue Sharing payments to the Clubs were on hold while these matters were being resolved. The Players' Association and the League have also reached an agreement about how some of the disputed HRR issues will be addressed for this season (2011-12).
The disbursement of Escrow and Revenue Sharing monies will occur in the coming weeks.