Wild fan here in peace. Came here for info about the Oilers captain and saw a couple posts on the Wild's captaincy.
The rotating captain was annoying for most of us at the time, but in hindsight I think it was a smart idea. We didn't have any players who were leaders in the locker room and on the score sheet. Most of our scorers were quiet, laid back guys. So no natural captains really.
So the rotating C ended up doing two things:
1. Took the pressure off any one player to be "the guy" who had to talk to the media after losses, keep his cool all the time, manage the players, come up with the clutch goal or play, etc. Instead, coach Lemaire took all that heat. A lot like Tortorella does with the Rangers with his ridiculous press conferences.
2. Was a nice reward for players who went above and beyond or might not get recognized. Like when Gaborik FINALLY started buying into Lemaire's defensive schemes (after a short eight years) and he got to wear the C. Or grinders who showed up and did their job and had a nice month.
Basically, unless you have a guy who jumps out as the face of the franchise or an unquestionable leader head and shoulders above the rest, it's not a bad idea. Especially for a young team like yours who's trying to establish an identity and looking for leaders to step forward.