Nov 7, 2012, 1:20 PM EDT
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.
- Julien thinks diving crackdown is ‘step in the right direction’ 32
- Holland doesn’t see Babcock deal by start of season 9
- Risk Factors: Pittsburgh Penguins edition 4
- PHT Morning Skate: Flyers bringing back Ice Girls 15
- Dillon’s agent: Discussions with Stars are ‘frustrating and disappointing’ 7
- NHL shoots down Tkachev’s contract with Edmonton 9
- NHL Board of Governors approves Islanders sale 6
- Johansen, Blue Jackets talks haven’t just resumed, they’re ‘very polite’ 15
- Speedy recovery: Giroux (lower body) to play vs. Rangers tonight 12
- Risk Factors: Boston Bruins edition 13
- Players pushed for coaching fines because they were ‘encouraged’ to dive (34)
- Julien thinks diving crackdown is ‘step in the right direction’ (33)
- Reinhart admits frustration; time running out to make Sabres? (25)
- Canucks waive Markstrom as Shinkaruk, Jensen continue to impress (23)
- Filip Forsberg has scored two thirds of the Preds’ preseason goals (21)