Kevin Klein

Predators extend Klein — five years, $14.5 million

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Kevin Klein’s big performance in the playoffs last season has paid off nicely for him.

The Predators announced they reached a five-year extension with the 27 year-old defenseman good for $14.5 million. That’s good for a cap hit of $2.9 million a year. Klein had been making $1.35 million a year against the cap on his last deal.

While he was a mostly unknown guy before the postseason, Klein’s performance in Nashville’s series win over Detroit in the playoffs put him on the map as he scored a goal in both Game 3 and Game 4, the latter a game-winner.

Now he’ll be counted on for bigger minutes and being one of the core guys on what’s a relatively young group of defensemen. With Shea Weber and Hal Gill already there, he’s got plenty of veteran help to lean on.

Avs unveil new third jerseys

Avs Jerseys

The Avalanche will be throwing a bunch of different looks at us this season.

Having already released specialized “Mile High” jerseys for February’s Stadium Series game, the Avs unveiled new third sweaters on Friday — less than 24 hours after a bitter 5-4 home loss to Minnesota in their season opener.

(Guess Colorado wanted to send out some good vibes after blowing a 4-1 third-period lead.)

While undoubtedly exciting for the organization, the release of these new thirds isn’t taking anybody by surprise. Last month, several websites published leaked images of Colorado’s and Anaheim’s third jerseys, so the design has been in the public eye for several weeks.

The Avs will debut these new thirds on Oct. 24, in a Saturday night tilt against Columbus.

Related: Roy explains why he didn’t call time out

Report: Escrow set at 16 percent

Gary Bettman, Donald Fehr
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Hey, remember in June when the NHLPA voted to keep the five-percent growth factor in spite of increasing worries about escrow?

Well, here’s why that decision was a significant one, via TSN’s Frank Seravalli:

With early revenue projections in place, the NHL and NHLPA set the escrow withholding rate for players at 16 per cent for the first quarter of the season on Thursday.

That means every player will have 16 per cent of earnings deducted from their paycheque and put aside until after all of this season’s hockey-related revenue is counted to ensure a perfect 50-50 revenue split with owners.

Now, this doesn’t mean that the players will definitely lose 16 percent of their salaries. Typically, they receive refunds when all the accounting is done.

Still, 16 percent is a good-sized chunk to withhold. They won’t be thrilled about it.

Related: To understand escrow, consider Duncan Keith