One day after the Tampa Bay Lightning celebrated their Stanley Cup championship, the Minnesota Wild have begun to clean house. According to The Athletic, the Wild will buyout veterans Zach Parise and Ryan Suter. Both players have four years remaining on their contracts.
NEWS: #mnwild General Manager Bill Guerin today announced the club will buy out the final four years of the contracts of forward Zach Parise and defenseman Ryan Suter.
— Minnesota Wild (@mnwild) July 13, 2021
The Wild signed both Parise and Suter back on July 4, 2012 to identical 13-year, $98 million contracts. By buying out the two veterans, it will give the Wild another $10.33 million in cap space to play with this summer.
With 4 years remaining on Zach Parise’s contract, here is what his 8 buyout by the #mnwild will look like:
— CapFriendly (@CapFriendly) July 13, 2021
Wild general manager Bill Guerin will now have some additional salary cap space to resign Kirill Kaprizov and Kevin Fiala while also looking to address finding a No. 1 center for their lineup.
After committing $196 million to the two players, has it been worth it for the Minnesota Wild?
When any organization commits 13 years and spends almost $200 million you’d expect to have something to show for it. The Wild did not make a Stanley Cup final while having both Parise and Suter.
The duo did make the playoffs for six straight seasons and eight total after signing in Minnesota. The Wild never made it past the second round with both Parise and 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,” added Guerin.
Parise played 558 games with the Wild, he scored 199 goals and had 201 assists. This past season with Minnesota, he played 45 games scoring seven goals and added 11 assists.
Suter played in 656 games scoring 55 goals and he had 314 assists during his tenure in Minnesota. He scored three goals and 16 assists in 56 games in 2020-21 this past season.
I’m sure there is a collection of Wild fans who are excited the team will be moving on from these contracts. Initially when they signed, I always thought it was a long term for both players.
Both players were signed to elevate the franchise and take the team to the next level. The Wild were right in signing both players and they should do it again if it presented itself.
The Wild went 354-327-74 (.588) and was tied for eighth in the NHL in team points (782) during their nine seasons.
The fact is the Minnesota Wild never did enough to build around the two players. When you sign players to 13 year deals, you know that first part of the contract is where you’ll get the maximum return from a player. Buying out these two players and walking away from the remaining years makes sense for the organization.
Guerin needs to secure some of his key players with the money he just gained. The roster construction will truly begin once the Seattle Kraken draft next week. The Wild made a bold move on Tuesday but now it’s time for the Wild to replenish his roster.
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– Chris Henrique (@ChrisHenrique on Twitter)