[News] Wild buying out Parise and Suter

[powderjunkie]

This works out really well financially for both guys.

Instead of earning $6M in a 14-18% escrow year, and maybe another $2M the following year (10% escrow)...

they get $6.6M spread over 8 years...still subject to the escrow of the given year, but it will also hugely reduce their tax burdens and give them income they probably wouldn't have gotten ages 40-43.

Plus, they can sign anywhere, and can continue to play as long as they'd like (whereas it may not have been worth their while for the 2M and 1M seasons). They could even go the Justin Williams route and sign later into seasons.


CHI and STL are closest geographically. STL could really use Suter in the Bouwmeester role.Or it would be hilarious if CHI replaced Keith with Suter, Jones, a 3rd, and $2-3M free cap space.

[Roof-Daddy]

I want to feel bad for the two guys who have each eclipsed $100 million in career earnings but I'm sure they'll survive.

[CorsiHockeyLeague]

Originally Posted by powderjunkie

CHI and STL are closest geographically. STL could really use Suter in the Bouwmeester role. Or it would be hilarious if CHI replaced Keith with Suter, Jones, a 3rd, and $2-3M free cap space.

This. Let's cheer for this.

[Monahammer]

I'd rather cheer for them to go out east if they're going to sign for league minimum or very little. No need for any of our western conference allies to get any unneeded help, Edmonton will just do something else hilariously stupid anyways we don't need any more victories in that trade lol.

[CliffFletcher]

Originally Posted by TheScorpion

Suter isn't going to some middle-ground team as a depth option, as has been speculated by some in this thread.

He's either going to get paid or sign for cheap with a contender like Tampa. And either way, I'll be stunned if he doesn't average 20-22 a night next year.

The Bruins.

[CorsiHockeyLeague]

Could be, particularly if they're moving off Lauzon.

Really, just about every team could use Suter at the right price for, say, 2 years. Which means he's probably going to get 3 or 4 years at more than the right price from someone.

[bluejays]

I dunno man...with longer contracts coming to light a little more recently, especially with today's news on Weber, combined with covid revenue complications, I really can't see a team going beyond 3 years. Nitpicky i know, but I simply can't see it going beyond that.

[Jay Random]

Originally Posted by fleury

I dunno man...with longer contracts coming to light a little more recently, especially with today's news on Weber, combined with covid revenue complications, I really can't see a team going beyond 3 years. Nitpicky i know, but I simply can't see it going beyond that.

Considering that Suter is now 36, and all the nitpicky rules about 35+ contracts will apply, I can't see a team going long-term either.

[getbak]

Originally Posted by Jay Random

Considering that Suter is now 36, and all the nitpicky rules about 35+ contracts will apply, I can't see a team going long-term either.

They got rid of those with the CBA extension that was signed last year. As long as the contract doesn't decrease in value from one year to the next, teams are no longer forced to carry the full cap hit of a multiyear 35+ contract if the player retires before the end of the contract.

[Huntingwhale]

Originally Posted by sureLoss

https://theathletic.com/2705545/2021...ons-for-years/

That’s when Guerin suddenly called again. The veteran defenseman answered and was blindsided with the exact same news that he, too, was being bought out of the final four years of his contract.

That call with Guerin wasn’t as lengthy … or as friendly.

Suter, never, ever envisioning that the Wild would actually buy out both contracts at the same time, hung up on the GM.

That is hilarious. Literally the very first thing fans and media do once a long-term contract is signed is to envision how it will look near the end when the buyout looms. That's is one reason players want their contracts front loaded; so if they get bought out, they get the majority of the cash upfront. I call BS that neither player had any idea this could happen down the road.

If both Parise and Suter, at their ages and their play trending downward, had no idea of the potential for a buyout, it just goes to show how some people are out of touch with reality. Literally every working person in the world lives with that possibility hanging over their heads at various stages in the careers. For some of us, it never goes away.

They can both cry me a river and wipe the tears away with $100 bills and silk handkerchiefs as they sit beside their pool in their mansions crying about big bad Bill Guerin.

I would also take Suter here in a heartbeat. He would be a solid upgrade on the backend if Gio does leave.

[The Cobra]

Long term contracts to players on teams in contention will almost always stink at the end.

Everyone knows this including the GM who agrees to it.

That’s the price of contention.

Better to let the player walk and be a perpetual bubble team?


Sent from my iPad using Tapatalk

[Jay Random]

Originally Posted by getbak

They got rid of those with the CBA extension that was signed last year. As long as the contract doesn't decrease in value from one year to the next, teams are no longer forced to carry the full cap hit of a multiyear 35+ contract if the player retires before the end of the contract.

That's why I said ‘nitpicky’ rather than ‘disastrous’. It means they can't nudge-nudge-wink-wink sign a guy to play for two or three years at a front-loaded salary, but spread the cap hit out over four or five years. That reduces the attractiveness of a long-term contract for both sides.

The value of a player that age is only going to go down with time. The new 35+ rules mean that you can't sign him to a contract that will reflect that. You pretty much have to go a year or two at a time.

[getbak]

Originally Posted by The Cobra

Long term contracts to players on teams in contention will almost always stink at the end.

Everyone knows this including the GM who agrees to it.

That’s the price of contention.

Better to let the player walk and be a perpetual bubble team?

The problem with that is Minnesota hasn't ever been a contender. Signing these contracts was supposed to turn them into one and that never happened.

Since Suter signed with the Wild, Nashville has made the playoffs 7 times and won 5 playoff rounds with one trip to the Final. They've finished first in their Division twice and won the President's Trophy once.

In the same time, the Wild have made the playoffs 8 times and won 2 playoff rounds, never going beyond the second round and never finishing higher than second in their Division.



At the time, a lot of people were saying that Nashville couldn't afford to lose Weber and/or Suter, but looking back, their most-successful seasons have come with neither player on their roster.

[The Cobra]

Originally Posted by getbak

The problem with that is Minnesota hasn't ever been a contender. Signing these contracts was supposed to turn them into one and that never happened.

Since Suter signed with the Wild, Nashville has made the playoffs 7 times and won 5 playoff rounds with one trip to the Final. They've finished first in their Division twice and won the President's Trophy once.

In the same time, the Wild have made the playoffs 8 times and won 2 playoff rounds, never going beyond the second round and never finishing higher than second in their Division.



At the time, a lot of people were saying that Nashville couldn't afford to lose Weber and/or Suter, but looking back, their most-successful seasons have come with neither player on their roster.

There never is a guarantee of success. You simply do what you can to increase your chances.


Sent from my iPad using Tapatalk

[GreenLantern2814]

I suspect Minnesota ownership has been harder hit from Covid and no fans than some other teams.

Shaving 15% off what you can spend for three years until the cap expands is probably not something they’re regretting.

[Textcritic]

Originally Posted by memphusk

Could see this. I really don't believe Suter will sing with any Canadian team.

I bet he cannot even sing.

Sent from my SM-G960W using Tapatalk

[Reggie Dunlop]

Originally Posted by memphusk

Could see this. I really don't believe Suter will sing with any Canadian team.

Originally Posted by Textcritic

I bet he cannot even sing.

Uncle Gary can croon a mean tune.....

[OldDutch]

Can’t stop a flame if it’s red hot