Confirmed Buy-Out [MIN] Zach Parise and Ryan Suter

[Stuzchuk]

They didn't even ask...

OUCH...
23.5M due in the next 4 years, that's a painful buyout then

Suter is still a very effective top 4 DMan

 

[TaLoN]

probably both said no to waive...
Minny is like.. Screw you guys, we're buying you out!

Guerin said on the radio locally, he's been talking with the owner about this buyout for 6 months. He never even asked them to waive.

 

[StreetHawk]

Hmm maybe this is what I'm not accounting for, what are those numbers, lets say conservatively parise played 1 more year retired and suter 2?

Ltir is an option for a Parise given his back injury history.
Suter has been a horse so no idea how he’s feeling.

Once you go on ltir you are done playing like Seabrook, Boychuck, etc. Minny can’t be expected to make room for them to come off ltir.

 

[Bizz]

This is gonna scare off Karprizov too. The Wild just committed seppeku for the next half decade.

 

[dragonballgtz]

Were the Wild hurting financially?

 

[StreetHawk]

This is gonna scare off Karprizov too. The Wild just committed seppeku for the next half decade.

All guys who will hit ufa during those 3 high dead cap years. Dumba and fiala can hit ufa in 2023, KK in 2024 while these high dead caps go through to 2025.

KK maybe more likely to go bridge now to see how things play out. Fiala, maybe best to at worst to arbitration to ensure he gets to ufa to see where the Wild stand in 2 years.

 

[Ducks in a row]

Did not expect this wow

 

[north21]

Wild projected cap space during the 3 worst years, if they plan it out a little bit we might not be in too much trouble.

2022-23 - $26,714,745
2022-23 - $37,131,412
2022-23 - $47,931,412

 

[Captain97]

Wow, thats a shit load of dead cap in the dead cap era
ouch

so with Shea Weber if he retires doesnt Nashville get hit with like 28m in dead cap?
I assume the risk of Parise and Suter retiring is the reason they bought them out.
Is there even an out for Nashville? I mean they traded him to Montreal

Yeah it's something like that, but they changed the rules so the annual amount can't exceed the cap hit, so it would be 7.8 million per year until the balance is 0.

 

[nickdawg95]

Parise to the Islanders New jersey Caps Pens or Leafs

Suter to Winnipeg Hawks CBJ

 

[Smif]

Avs will sign both to league minimum . Funny considering how bad I wanted both of these guys when they signed these contracts

That feels like a lifetime ago.

 

[Sota Popinski]

Pretty sure they got bent over again... you have 3 years of over $10M+ in dead cap to keep Dumba. That means adding Dumba's cap hit AND Suter and Parise's.

So you're adding Parise's cap hit just so you can make Dumba look bad? That's pretty dumb

 

[TaLoN]

So you're adding Parise's cap hit just so you can make Dumba look bad? That's pretty dumb

Especially since it was never Dumba being exposed in the first place.

 

[Sota Popinski]

Guerin said on the radio locally, he's been talking with the owner about this buyout for 6 months. He never even asked them to waive.

Makes sense. Despite all the trash talk in this thread, I'm certain Guerin surveyed the palatability of these contracts to the other GMs in the league and the price to unload them was way too high.

 

[ThePsychicSaw]

Makes sense. Despite all the trash talk in this thread, I'm certain Guerin surveyed the palatability of these contracts to the other GMs in the league and the price to unload them was way too high.

Higher than eating a guaranteed dead cap amount of at least 15% of a teams overall cap amount?

I just don't understand how you can make such a claim. We're talking 12 million and then 14million for 2 more years in dead cap.

 

[Sota Popinski]

Higher than eating a guaranteed dead cap amount of at least 15% of a teams overall cap amount?

I just don't understand how you can make such a claim. We're talking 12 million and then 14million for 2 more years in dead cap.

Ok, I'll ask again. What team is going to take on either of these contracts while also using an expansion protection slot? Then figure out what kind of price Guerin would have had to pay to make that happen. Then realize that if either of these guys retire before the contract expires, we get hit with those cap penalties anyway.

 

[Scorlov]

ROFL that's terrible. I guess they saw Montreal getting to the finals with 15 million in dead cap and decided it wasn't such a massive handicap.

Parise I can see buying out (though trying to ride him to LTIR would have been better) but Suter at this stage is extremely dumb. They'll need to pay for a solid #3/4 to replace his contribution and thats another 4-5 million on top.

Wouldn't be surprised if Kaprizov nopes out instead of trying to compete on a team that will be spending less on actual players than Ottawa for the next 4 years

 

[StreetHawk]

Wild projected cap space during the 3 worst years, if they plan it out a little bit we might not be in too much trouble.

2022-23 - $26,714,745
2022-23 - $37,131,412
2022-23 - $47,931,412

That’s with how many players signed?
9 in 22-23 so need 14 more guys signed.
6 in 23-24 so new 17 more guys signed.
3 in 24-25 so need 20 more guys signed.

sounds great on the surface but the more guys you need to sign that cap space gets eaten pretty quickly. Fiala, KK, Greenway, Kahkonen among the guys not included in the signed group.

Curious to see how BG builds the roster and whether any guys sign away ufa years during those big dead cap hit years.

 

[Drewcifer]

Not sure why everyone is calling this protection for Dumba. Before today, the team was likely going 4-4-1, protecting Dumba, exposing Greenway and Foligno.

After today, they're likely going 7-3-1 protecting Greenway and Foligno as well as Dumba.

With this move the Wild can protect their entire core.

I think people are ignoring the fact that both players were signed until they were 41. It was always unlikely that both would play out their contracts so the end of these contracts were always going to be painful for the Wild one way or the other unless they were LTIR. It was a situation where there were no good options.

Suter can still play but maybe Guerin wanted him off the team for other reasons. Maybe it came down to losing either Dumba or Suter and he would rather keep Dumba. Maybe the old guard was causing a culture problem in the locker room.

 

[MessierII]

Anyone would be better off with Suter over Keith at this point.

Also a 0% chance signs with a Canadian team.

 

[StreetHawk]

Ok, I'll ask again. What team is going to take on either of these contracts while also using an expansion protection slot? Then figure out what kind of price Guerin would have had to pay to make that happen. Then realize that if either of these guys retire before the contract expires, we get hit with those cap penalties anyway.

BG said he didn’t ask them to waive. So even if they did, seems clear that BG didn’t want either back.
Once a player leaves hiss allegiance is elsewhere. So can’t expect them to do you any favours. Probably saw the Luongo recapture in the Canucks and wanted to take control of it.

sucks for Minny that they couldn’t navigate these 2 into Ltir but that’s more on if those guys want to keep playing or not. If they do then they occupy roster spots with their nmc.

 

[ThePsychicSaw]

Ok, I'll ask again. What team is going to take on either of these contracts while also using an expansion protection slot? Then figure out what kind of price Guerin would have had to pay to make that happen. Then realize that if either of these guys retire before the contract expires, we get hit with those cap penalties anyway.

The retirement makes sense, granted I still don't understand the actual breakdown of what that amounts to, and what options they would have in that practical scenario 2-3 years from now.

But if the overall goal was to protect other players from ED, you pay whatever you need to Seattle, or bite the bullet and trade those players you ultimately wanted to protect but aren't the most vital to your organization, before ever giving in to such a dead cap tie up. Period.

 

[StreetHawk]

The retirement makes sense, granted I still don't understand the actual breakdown of what that amounts to, and what options they would have in that practical scenario 2-3 years from now.

But if the overall goal was to protect other players from ED, you pay whatever you need to Seattle, or bite the bullet and trade those players you ultimately wanted to protect but aren't the most vital to your organization, before ever giving in to such a dead cap tie up. Period.

It was a shocker to everyone when Luongo left $3.6 mill on the table vs land on ltir but seems that made the most sense for the panthers.

but we’ve seen so many guys land on ltir with “wear and tear” ailments. So players don’t need to retire but instead landed on ltir for the remainder of their contract.

 

[ref19]

Didn't really change the buyout implications whether the Wild bought out Suter now or in 2 years so no was the right time to do it.

 

[Roman Yoshi]

Especially since it was never Dumba being exposed in the first place.

Who was then? Sturm? So you eat those cap hits for 3 years for Sturm? That just doesn't seem worth it to me.