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.
- Agent: Subban hasn’t told me to make him NHL’s highest-paid D 16
- Devils sign Greene to five-year, $25M extension 10
- Subban seeking $8.5 million in arbitration, versus the Habs at $5.25 million 42
- Marchand on Plekanec: ‘I hate him. I can’t stand him’ 54
- Gettin’ paid: Gardiner inks five-year, $20.25M extension with Leafs 15
- Report: Trottier to join Sabres’ coaching staff 19
- Blues sign former eighth overall pick Mueller 31
- Trotz plans to let Johansson, Kuznetsov, and Burakovsky compete for time at center 45
- Eric Staal has surgery to repair ‘core muscle injury’ 6
- After not seeing ‘eye-to-eye’ with Carlyle, Reimer will compete for No. 1 gig 16
- Cashing in: Rangers sign Brassard to five-year, $25 million deal (63)
- Marchand on Plekanec: ‘I hate him. I can’t stand him’ (55)
- Trotz plans to let Johansson, Kuznetsov, and Burakovsky compete for time at center (45)
- Subban seeking $8.5 million in arbitration, versus the Habs at $5.25 million (44)
- Richards: If not for the cap, half the league would want to play for Hawks (36)