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.
Aug 23, 2014, 2:07 PM EDT
After solid 2012-13 season, the Ottawa native struggled last season.
Aug 23, 2014, 1:03 PM EDT
New-look first line has big shoes to fill.
Aug 23, 2014, 12:01 PM EDT
Appears close to 100 percent healthy.
Aug 23, 2014, 11:01 AM EDT
Signs minor league deal with Bridgeport.
Aug 23, 2014, 10:02 AM EDT
Could be the Sens’ future starter with Craig Anderson set to become an unrestricted free agent.
Aug 23, 2014, 9:00 AM EDT
For once, no rehab and no new head coach.
Aug 23, 2014, 8:00 AM EDT
The post-Spezza era begins.
Aug 22, 2014, 11:00 PM EDT
The dynasty-era is well-represented in voting, as expected.
Aug 22, 2014, 10:00 PM EDT
The slogan is “Tradition on Ice.”
Aug 22, 2014, 8:30 PM EDT
Not exactly blasting his former employers.
Aug 22, 2014, 7:14 PM EDT
The TMNT pajamas really put it over the top.
Aug 22, 2014, 5:44 PM EDT
“We’re waiting for somebody now to step forward and take charge of this team.”
Aug 22, 2014, 4:22 PM EDT
Despite missing 11 games, he set many career-high numbers.
Aug 22, 2014, 3:01 PM EDT
Spent the summer relocating his family to the Manitoba capital.
Aug 22, 2014, 2:05 PM EDT
Speculation on MLSE President & CEO’s next move.
Aug 22, 2014, 1:32 PM EDT
Disappointed with demotion last season, 20-year-old will get another shot in September.
Aug 22, 2014, 12:14 PM EDT
Has to get his team on the winning track.
Aug 22, 2014, 11:15 AM EDT
Helps friend raise awareness at charity event.
Aug 22, 2014, 10:30 AM EDT
Excess of defensemen has GM Peter Chiarelli in a bind.
Aug 22, 2014, 10:05 AM EDT
At 23 years old, he’s one of the best players in the NHL.
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