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.
Apr 18, 2014, 11:14 PM EDT
Apr 18, 2014, 10:40 PM EDT
Bolts just needed a spark, he explained.
Apr 18, 2014, 10:27 PM EDT
There was no penalty on the play.
Apr 18, 2014, 10:08 PM EDT
Jimmy Howard had a shutout in the goaltending duel.
Apr 18, 2014, 9:55 PM EDT
Can Dallas build on its late-game momentum?
Apr 18, 2014, 9:44 PM EDT
Game 3 will be played in Montreal.
Apr 18, 2014, 9:09 PM EDT
Naturally, the Blackhawks-Blues triple-overtime game was very popular.
Apr 18, 2014, 8:51 PM EDT
Detroit was near the bottom of the pack in hits in the regular season.
Apr 18, 2014, 8:34 PM EDT
They took a 1-0 lead over Tampa Bay in the process.
Apr 18, 2014, 8:23 PM EDT
“We expected a tough series against (St. Louis).”
Apr 18, 2014, 7:43 PM EDT
The rookie had three assists last night.
Apr 18, 2014, 7:04 PM EDT
The last of the first round series is about to begin.
Apr 18, 2014, 6:34 PM EDT
Montreal has a 1-0 series lead.
Apr 18, 2014, 6:17 PM EDT
This isn’t the first time he’s been fined.
Apr 18, 2014, 5:59 PM EDT
That’s a pretty bold statement, given that Nashville used to have blueliners like Kimmo Timonen and Ryan Suter.
Apr 18, 2014, 5:06 PM EDT
Apparently, the “Coyotes, Ducks, Kings, and Sharks are on board” with relocating their minor-league affiliates closer to home.
Apr 18, 2014, 4:31 PM EDT
The year was 1957…
Apr 18, 2014, 3:48 PM EDT
Unlike the last coach he had in Vancouver.
Apr 18, 2014, 2:59 PM EDT
Devante Smith-Pelley will draw in.
Apr 18, 2014, 2:27 PM EDT
30-year-old vet led the league in scoring.
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- Avalanche win in OT, complete third-period comeback 61
- Blues prevail in longest game in franchise history as Steen scores in third OT 25