Nov 7, 2012, 1:20 PM EST
Even with no hockey-related revenue coming in, Minnesota Wild investors will have to cough up $10 million by mid-November to fund team expenses.
According to the Pioneer Press, it will be the second $10 million cash call since the club signed free agents Zach Parise and Ryan Suter, who just so happened to negotiate identical $10 million signing bonuses that are paid regardless of the lockout.
Wild ownership is comprised of majority owner Craig Leipold and 11 limited partners.
A few weeks ago, Suter accused NHL owners, including Leipold, of “trying to go back on their word” by attempting to cut the players’ share of revenue.
Suter quickly backed off his comments – “I thought a lot about since what I said, I don’t question Craig Leipold and Minnesota with regards to negotiating our contracts in good faith” – chalking them up to frustration.
Even with an immediate cut in players’ share of league revenues from 57 to 50 percent, Suter and Parise would lose relatively little to escrow (compared to, say, Alex Ovechkin) as they’re both set to earn just $2 million in actual salary for each of 2012-13 and 2013-14.
- Isles’ Clutterbuck latest to be fined for diving 14
- No hearing scheduled for Kesler after ‘dirty play’ on Dorsett 21
- Why NHL fans — no matter where they live — should care about the plunging Canadian dollar 32
- Trade: Pens acquire Lapierre from Blues for Goc 61
- Video: Habs’ Emelin ejected for hit on Stars’ Spezza 30
- Martin Brodeur to retire, become Blues asst. GM (Updated) 41
- Mike Richards clears waivers 32
- Game on: Islanders-Rangers to be played despite storm 15
- Flyers’ Rinaldo suspended eight games for his hit on Letang 57
- Isles’ rise to be tested as they lose Okposo for 6-8 weeks 17
- Columnist: Flyers ‘orchestrated’ fight night versus Pens during meal at ‘a local steakhouse’ (130)
- L.A. Sorry? Kings waive Mike Richards (127)
- Report: Flyers’ Rinaldo waives right to an in-person hearing (63)
- Trade: Pens acquire Lapierre from Blues for Goc (61)
- Video: NHL offers Flyers’ Rinaldo in-person hearing (57)