According to a report in Sunday’s New York Post by Larry Brooks, the Capitals are among multiple NHL teams that failed to report all of their hockey-related revenues from the 2010-11 season.
From the New York Post:
This, in addition to a dispute over whether the $25 million Glendale, Ariz., paid the NHL to keep the Coyotes from absconding to Winnipeg should be considered hockey-related revenue, is what is holding up issuance of the escrow refunds to the players and checks to the owners who qualify for the second round of 2010-11 revenue sharing.
We’re told Washington and Nashville are among at least a handful of clubs that have been cited for failure to declare hockey-related revenue, with the matter now more likely than not to be decided in arbitration.
Check out the full article here.