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Zach Parise and Ryan Suter Going On Waivers Today, Will Be Bought Out

from Michael Russo of The Athletic,

A little more than nine years after fireworks erupted in the Twin Cities with the Fourth of July tag-team signings of Zach Parise and Ryan Suter, the Parise-Suter era has come to an end.

According to sources, Wild general manager Bill Guerin called both Parise and Suter to inform each of them that the team is buying out the remaining four years of each of their contracts.

They will each be put on waivers today at 11 a.m. CT and can become free agents.

The Wild will pay each $6.7 million over the next eight years and be charged with $2.371 million, $6.371 million and $7.371 million cap hits in the next four years, respectively, for each, then $833,333 cap hits the four years after that for each.

continued

Filed in: NHL Teams, Minnesota Wild, | KK Hockey | Permalink
 

Comments

ilovehomers's avatar

WOW.

Maybe not in Parise’s case, but BOTH? holy

Posted by ilovehomers on 07/13/21 at 11:13 AM ET

Hootinani's avatar

I’m a little surprised to see them buying out Suter too.  Thats a huge chunk of change all at once, especially with a flat cap.

Posted by Hootinani on 07/13/21 at 11:15 AM ET

jhpcarrier97's avatar

I’m sure Stevie will run the scenario, I don’t think their careers are at an end.

Posted by jhpcarrier97 on 07/13/21 at 11:38 AM ET

Paul's avatar

ST. PAUL—Minnesota Wild General Manager Bill Guerin today announced the National Hockey League (NHL) club will buy out the final four years of the contracts of forward Zach Parise and defenseman Ryan Suter.

“Zach and Ryan have been an integral part of the Wild’s success over the past nine years and we’ll always be grateful for their many contributions,” said Guerin. “There were numerous factors that entered into the difficult decision to buy out their contracts, but primarily these moves are a continuation of the transformation of our roster aimed at the eventual goal of winning a Stanley Cup.”

“I want to thank Zach and Ryan for everything they did for our organization over the past nine seasons, both on and off the ice,” said owner Craig Leipold. “They were tremendous ambassadors for our team and helped us win a lot of games. I wish them nothing but the best going forward.”

The Wild signed Parise and Suter as free agents on July 4, 2012. Minnesota went 354-237-74 (.588) and ranked T-8th in the NHL in team points (782) during their nine seasons (2012-21) and advanced to the Stanley Cup Playoffs eight times. Both players will become unrestricted free agents, eligible to sign with any team in the NHL, except Minnesota.

Parise recorded 400 points (199-201=400) in 558 regular season games with the Wild and added 34 points (14-20=34) in 40 Stanley Cup Playoff contests. He is the franchise leader in power-play goals, ranks second in game-winning goals and shots on goal and third in scoring and goals. Parise is also the franchise leader in scoring, goals, power-play goals and assists in the playoffs. He owns 810 points (393-417=810) in 1,060 career NHL games with New Jersey and Minnesota.

Suter collected 369 points (55-314=369) in 656 regular season games and 17 points (2-15=17) in 42 Stanley Cup Playoff matches with the Wild. He is the franchise leader in scoring, assists, power-play assists, plus/minus rating, shots on goal and time on ice among defensemen. Suter owns 607 points (93-514=607) in 1,198 career NHL contests with Nashville and Minnesota.

Posted by Paul from Motown Area on 07/13/21 at 12:02 PM ET

MurrayChadwick's avatar

Wonder if Holland is kicking himself now, sounds like Sutter might’ve been had for $3MM on 2-3 year deal for a contender maybe? Unsure which is better not having seen him play in a while.

Posted by MurrayChadwick from Window Seat on the Captain's Ship on 07/13/21 at 12:04 PM ET

ilovehomers's avatar

Suter is 36 and had a big decline in offensive production and minutes, down about 2 mins a game. Still feels like he could have lasted another year to eat at some of that buyout cost.

But a lot of people are saying they need money for Kaprizov and a free agent

Posted by ilovehomers on 07/13/21 at 12:28 PM ET

TreKronor's avatar

I have to admit, I grinned ear to ear when I read this.  The fact that they are buying out BOTH on the same time is the icing on the cake. 

Wonder if Holland is kicking himself now, sounds like Sutter might’ve been had for $3MM on 2-3 year deal for a contender maybe? Unsure which is better not having seen him play in a while.

How do you figure?

Posted by TreKronor on 07/13/21 at 12:47 PM ET

stonehands-78's avatar

I have to admit, I grinned ear to ear when I read this.  The fact that they are buying out BOTH on the same time is the icing on the cake.

ditto

Posted by stonehands-78 from the beginning ... a WingsFan, on 07/13/21 at 12:57 PM ET

MurrayChadwick's avatar

How do you figure?

Posted by TreKronor on 07/13/21 at 01:47 PM ET

Having Suter on the market would have given him negotiating power with Chicago and/or a true fall back option.  Again though I don’t know how well Sutter has or has not held up of late.

Posted by MurrayChadwick from Window Seat on the Captain's Ship on 07/13/21 at 01:03 PM ET

SYF's avatar

[chortles]

The Ingalls Sisters got their country buckets kicked out to the prairie…AT THE SAME TIME Wow.

Posted by SYF from impossible and oddly communally possessive sluts on 07/13/21 at 01:09 PM ET

Paul's avatar

from Helene St. James of the Detroit Free Press,

... On July 4, Suter spurned the Wings, opting instead to sign with the Minnesota Wild. He and Parise agreed to 13-year, $98-million contracts with the Wild. For Suter, it was a chance to play closest to his family. Suter had been sold on the Wings until Parise called.

“I feel real disappointment that we weren’t able to land either or both,” Holland said at the time. “We were down to the short strokes. We lost out to family.”

On Tuesday, Wild general manager Bill Guerin announced the team’s intentions to buy out the final four years of both players’ contracts — a decision that will cost the Wild dead cap space for the next eight seasons. Three years will be particularly costly: According to Capfriendly, it will cost the Wild $12.8 million in salary cap space in 2022-23 and $14.8 million in 2023-24 and 2024-25. For each player, the charge is about $833,000 for each of the last four seasons, 2025-26 to 2028-29.

more

Posted by Paul from Motown Area on 07/13/21 at 01:14 PM ET

SauceBoss's avatar

They both had NMCs so they would have had to protect them in the expansion draft. Now they don’t have to worry about losing one of their young guys like Dumba or Greenway. The buyout was inevitable with those contracts, it was probably just accelerated a couple years due to the expansion draft

Posted by SauceBoss on 07/13/21 at 01:27 PM ET

Kate from PA now in SC-made in Detroit's avatar

Walnut Grove……… wink

Posted by Kate from PA now in SC-made in Detroit on 07/13/21 at 02:00 PM ET

d ca's avatar

This is an expansion draft issue more than a cap issue for room.

Both guys had NMC which require automatic protection in the expansion draft.  Jonas Brodin and Jared Spurgeon (both d-men) also have NMC which would mean the Wild would have lost any other d-man as they were going with 7-3-1 protection. That lost d-man would have been Dumba.

Suter’s buyout is to keep Dumba. Parise’s is because of decline and cost.

This also tells you that Seattle is asking outrageous prices for a making a side deal for the Kraken to not take anyone.

Posted by d ca on 07/13/21 at 02:53 PM ET

Hippy Dave's avatar

I am having way too much fun watching these GMs screw up.

Posted by Hippy Dave from Somewhere West of Detroit on 07/13/21 at 03:34 PM ET

MOWingsfan19's avatar

Walnut Grove………

Ha! I was going to say something about the Olsen twins.

Posted by MOWingsfan19 from I really like our team on 07/13/21 at 03:48 PM ET

Paul's avatar

Michael Russo of The Athletic,

Bill Guerin called Ryan Suter first, and it went to voicemail.

So, the Wild general manager called Zach Parise, naturally in the middle of a Tuesday morning workout, next.

“I was caught off guard,” the now-former face of the Wild franchise said. “I had a feeling something was gonna happen, but when it does happen, you’re still shocked.”

Parise actually had a pleasant conversation with Guerin.

Deep down, the veteran forward was relieved.

He had just completed the lowest point of his career where he received fourth-line minutes, was removed from the power play and ultimately began last spring’s playoffs humiliated as a healthy scratch. So as disappointed as Parise was to get that phone call, he didn’t see his role changing in Minnesota and was excited that in a few weeks, on July 28 to be exact, he would be given a new lease on his hockey life and the ability to start fresh by signing with another team.

“In my mind, I don’t think anything was going to be any different next year,” Parise told The Athletic. “From the way the season started to where it ended up, it just kind of felt like this is where it was going to go. I didn’t really envision anything changing. It was a difficult season. I don’t really know how else to put it. I’ve never felt lower in my career.”

continued ($$$)

Posted by Paul from Motown Area on 07/13/21 at 05:56 PM 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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