Wild owner Craig Leipold took over the team in 2008 and watched as it failed to reach the playoffs in his first four full seasons with the franchise and also dealt with losing money in most of those seasons, culminating in a report last year that the Wild had lost nearly $30 million in the 2012-13 season, even though it reached the playoffs.
But Leipold said that this season the team is regaining some of its financial footing and will easily turn a profit if it reaches the second round of the playoffs.
"If we can have a playoff run we're going to be great," Leipold. "This year was probably, I won't say the most profitable year, but the least losing year that we have had. Our losses are getting small now. If we get into the second round we will be a profitable team. And if we continue to play like we've been playing, then next year our renewals are just fantastic, the best it has been in six years since I've been here. So I think we're on the right track."
There was some question if the rich contracts given to stars Zach Parise and Ryan Suter were partially to blame for the team having that big a loss last season, but Leipold said he not only has no regrets about the nearly $200 million he committed to those two players over the next 13 years but also believes that signing those types of players eventually will bring the team not only championships but profits.
"Their play is just fantastic; I would do it again," he said. "In fact, I would imagine that many other owners, given the opportunity, would do it as well.
"There's just no question they brought credibility to our program, other players want to come here, the fans recognize that we are committed to winning the Stanley Cup."
Building success
The Wild's 98 points this season tied for the second most in franchise history, and Leipold said that while the team had its struggles, he thinks the Wild is peaking at the right time.
"We had so many ups and downs,'' he said. "It was frustrating at times, disappointing at times, euphoric at other times, but I think the way we played, the way we ended the season up with such a strong performance at the end, was really helping us into the playoffs.