Originally written on Sports Business Digest  |  Last updated 9/18/12

The NHL is in a lockout. And if you are an NHL team, its time to get creative.

Borderline markets like Nashville are worried that the lockout will effect their season ticket renewal rates (the team had retained 94% of its season tickets by mid August), the Phoenix Coyotes have issues even beyond the lockout with former Sharks CEO Greg Jamison looking to purchase the team (and facing heavy opposition from the city of Glendale). While other teams have no choice but to sit back and wait for the next negotiation session and hope for the best. The Minnesota Wild have decided to be rather proactive with their lockout approach announcing on Monday that no layoffs were expected in the immediate future.

Wild Chief Operating Officer Matt Majka said the "vast majority of our employees are unaffected by the work stoppage." But game-day workers — ticket-takers, beer vendors and the like — won't be paid for canceled games and a "small minority" of team executives and other highly paid workers will face some short-term salary reductions. -- (via Minneapolis Business Journal)

No layoffs. Looking good so far. And the Wild decided to go even further when dealing with fans who've already purchased season tickets -- you can either receive a refund, or let the Wild keep your money...and earn interest.

Pay in Full
If your account is paid in full you will receive a credit on your account for missed games, if any, plus 10% interest (APR) on the dollar value of tickets for those games. The ensuing credit on your account for the value of the missed games and calculated interest can be applied toward future games or subsequent season renewals. The credit will appear on your account once a new CBA is agreed upon.

Extended Payment Plans
If you are on an extended payment plan you will receive a credit on your account for missed games, if any, plus 10% interest (APR) on the dollar value of tickets for those games once the funds in your season ticket account exceed the value of the remaining scheduled games. The ensuing credit on your account for the value of the missed games and calculated interest can be applied toward future games or subsequent season renewals. The credit will appear on your account once a new CBA is agreed upon.

If you find it necessary to forego the game credit and interest payment approach, we request you contact your Fan Relations Account Executive at 651.222.WILD (9453) orcustomer.service@wild.com to initiate the refund process for the value of any missed games. To allow for the possibility of rescheduled games, refunds will not begin until after the NHL has confirmed any cancelled games will not be rescheduled and will only be made once the funds in your season ticket account exceed the value of the remaining scheduled games. (via Minnesota Wild)

Apparently the Wild are pretty optimistic that this lockout is going to end soon. Or at least they're content with taking a wait-and-see approach, while paying out 10% interest to their season ticket holders in the process. Of course, when you had the incredible off-season that Minnesota had, signing both Zach Parise and Ryan Sutter, you have to do something to keep the momentum you've built, even if your team isn't playing any games. Interest payments back to their fans sounds like they're off to a good start.

;

GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

Andrew Desjardins eats cereal out of Stanley Cup

Stephen Curry posts priceless David Lee farewell on Twitter

Michigan AD: Nike deal is largest in the country

Randy Moss beats Antonio Brown in sprints during workout

LeBron James believes his ‘legacy will speak for itself’

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

WATCH: Crash at Tour de France sidelines riders

Buehrle drank beer during World Series game he pitched

Redick gives Clippers ‘F-minus’ grade for losing Jordan

Report: PGA pulls Grand Slam event from Trump course

Three things to watch for on Hard Knocks with the Texans

Pierre-Paul could face charges for possession of fireworks

Phillies GM: Chase Utley not a starter at 2B when he returns

T.O. has advice for Donovan McNabb after latest DUI

Sonnen: McGregor is 27 pounds over his weight limit

WATCH: Connor McDavid turns heads in Oilers scrimmage

Member of Pirates grounds crew swallowed by tarp

Video allegedly shows BYU RB recruit being shot

Vin Scully teaching the history of the American flag is a national treasure

Top MLS players at the 2015 CONCACAF Gold Cup

How the Pacers' new identity will look

Matt Bonner blames iPhone 6 for elbow injury, shooting woes

Evaluating Tarasenko’s eight-year, $60M contract

Tigers should accept reality and become trade deadline sellers

NHL News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

Top MLS players at the 2015 CONCACAF Gold Cup

Five RBs who could break the Heisman Trophy streak

Watch to watch on Hard Knocks with the Texans

Tigers should become trade deadline sellers

JPP could face criminal charges?

'Corrected' 2015 MLB All-Star Game picks

MLB's 2015 All-Star snubs

Gronk, David Ortiz in latest Dunkin Donuts iced coffee video

The 2015 All-Star reserves & pitchers

Are LeBron, Cavs just playing teenage games?

Bucks threatens move to Vegas, Seattle

Bryce Harper to skip Home Run Derby

Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
Help
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.