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Pay up: Minnesota Wild investors get cash call

Nov 7, 2012, 1:20 PM EST

Zach Parise, Ryan Suter Getty Images

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.

  1. greatminnesotasportsmind - Nov 7, 2012 at 1:45 PM

    Unlike other teams, the Wild have not laid off 1 employee since the lockout began. I’m guessing the investors made a pretty seizable chuck of money since July 4th in jersey sales since they signed the two.

    • ThatGuy - Nov 7, 2012 at 2:06 PM

      Tell that to the arena employee’s who don’t get pay checks without the events.

      • alldayvikes - Nov 7, 2012 at 2:25 PM

        Thats out of the team’s control. There’s no point in staffing an empty facility

  2. blomfeld - Nov 7, 2012 at 3:14 PM

    OFF THE HOOK !

    Not sure what these Wild investors are thinking ? But suffice it to say that if I was one of them, then I’d simply not take the call. That’s right, I’d just ignore it ! Well, at least I’d ignore it for another 24 hours or so … you know, until the new CBA goes into effect. :)

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