Kukla's Korner Hockey
Report: Wild’s bonuses for Parise and Suter will require a ‘cash call’
by George Malik on 08/11/12 at 10:20 PM ET
Comments (4)
On a very slow Saturday evening that probably serves as a prelude to some serious-ass CBA fireworks come Tuesday, the Pioneer Press’s Charley Walters suggests that the Minnesota Wild’s lockout-proofing of Zach Parise and Ryan Suter may require a lickety split infusion of bucks from the team’s various owners, Board of Governors negotiating representative Craig Leipold included:
The Minnesota Wild have to pay $10 million bonuses by Saturday, Aug. 18, to each of the star free agents they signed in July, Zach Parise and Ryan Suter.
With those bonuses due, a little birdie says, virtually all of the Wild’s 11 limited partners last week agreed to commit to a total capital call of $10 million. Principal partner Craig Leipold is expected to fund the remaining $10 million.
Parise and Suter each agreed to $98 million, 13-year contracts July 4, with the signing bonuses due within 45 days.
If there is a NHL lockout—the league’s labor contract expires Sept. 15—Wild investors could be asked to commit to another cash call. That could occur as early as November.
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Comments
What’s the problem. If the Wild come up short, they’ll just have the “major-market” teams pony up a few extra million so The State of Hockey’s team can remain “competitive.” I’m sure Mr. I will be more than happy to hand over his profits from last year. After all, it’s all for the good of the game. Right?
Posted by OlderThanChelios from Grand Rapids, MI on 08/12/12 at 01:50 AM ET
Why sign two above average players to deals that kill th team in 5 years when these players are in their 30s. Have bthe Wils ever heard of drafting their own players,
Posted by BB from DC on 08/13/12 at 12:29 AM ET
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Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.
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info like this kinda takes the fun out of the game ...
i just wish the game could be played for the games sake.
//sigh//
L.G.R.W.
Posted by stonehands-78 from the beginning ... a WingsFan, on 08/11/12 at 10:24 PM ET