Did not see this coming… wow!
If anyone says they had this on their offseason Wild bingo card they are lying.
Holy! Not sure what to think about this. I didnt see the Suter one coming at all. There has to be something else coming. At least now they can protect Dumba.
Wonder if either or both will continue playing or just hang up the skates?
Still processing all of this, will comment after GMBG’s presser at 1pm
They likely planned on doing this all along, no way this decision was made today….
Russo was just on KFAN and he said Parise was relieved and expects both of them to get picked up quickly this month. He also said that they weren’t asked to waive the no trade clause. Very shocking about Suter being bought out as well.
Love it!
I like the move! I understand it really was their only option. What I don’t understand is how does this make it any better after this season is over? We will still have the 12-14 Million cap hit after this season for 3 more years. Or am I missing something? Honest question. I’m having a hard time wrapping my head around the details.
Wonder if either or both will continue playing or just hang up the skates?
Parise plays a few more years 100% – he’s still 25 years old in his mind. Suter likely plays next season but retirement wouldn’t shock me.
I like the move! I understand it really was their only option. What I don’t understand is how does this make it any better after this season is over? We will still have the 12-14 Million cap hit after this season for 3 more years. Or am I missing something? Honest question. I’m having a hard time wrapping my head around the details.
I was wondering the same on how the finances shake out from this.
Parise is probably going to have a massive buyout party this weekend to celebrate. I think he wanted out as bad as the wild wanted him gone.
I’ve always been against the idea they were problems in the locker room. But this ending certainly makes it look like that was the case. I’m looking forward to a down and dirty 9 year tell all from Russo. My gut says Billy G thought Suter would be a locker room problem if just Parise was bought out.
This is not a good day for the Wild. They’re taking a huge loss to their cap in years 2,3,4 that makes is impossible to compete during the Kirill and Fiala primes. Clearly this was a last ditch effort after realizing there was no other way out of the contracts. Billy G effectively hit the eject button.
I was wondering the same on how the finances shake out from this.
This frees up $10M for this upcoming season, about $1.7M the following, then essentially the same hit for years 3 and 4 and 833k (times two) for 4 years.
The cap will undoubtedly go up in a few years with all the new TV revenue flowing in.
I have a feeling this is the start of something much larger.
I like the move! I understand it really was their only option. What I don’t understand is how does this make it any better after this season is over? We will still have the 12-14 Million cap hit after this season for 3 more years. Or am I missing something? Honest question. I’m having a hard time wrapping my head around the details.
It doesn’t help. At all. They’ll have a $15m cap handicap in years 3 and 4.
Billy G was likely scared of cap recapture and wanted these contacts off the books by any means possible.
<div class=”d4p-bbt-quote-title”>BigWerm wrote:</div>
I was wondering the same on how the finances shake out from this.This frees up $10M for this upcoming season, about $1.7M the following, then essentially the same hit for years 3 and 4 and 833k (times two) for 4 years.
The cap will undoubtedly go up in a few years with all the new TV revenue flowing in.
I have a feeling this is the start of something much larger.
Salary cap isn’t going up for another 4-5 seasons. They need to cover $1b+ in losses from last year and this year.
This is not a good day for the Wild. They’re taking a huge loss to their cap in years 2,3,4 that makes is impossible to compete during the Kirill and Fiala primes. Clearly this was a last ditch effort after realizing there was no other way out of the contracts. Billy G effectively hit the eject button.
I’m not convinced this is going to be that hampering to the Wild.
Here are the projected cap space for the next 4 years:
$26.7M, $37M, $48M, $61M. Granted those are obviously without full rosters, but there are going to be players on ELCs and the Cap is most definitely going to go up in a few years.
Salary cap isn’t going up for another 4-5 seasons. They need to cover $1b+ in losses from last year and this year.
Most experts have speculated it will remain flat for 2 more seasons and then go up.
Sounds like Suter was blindsided by this. Parise is probably jumping for joy.
Weird one with Suter as Bill may not even be GM by the time this is up. They are going to have to beef up their D core as this probably makes Soucy the Kraken pick. Their top four at this point is going to be very small.
<div class=”d4p-bbt-quote-title”>tswoboda wrote:</div>
Salary cap isn’t going up for another 4-5 seasons. They need to cover $1b+ in losses from last year and this year.Most experts have speculated it will remain flat for 2 more seasons and then go up.
What experts? I’m going off what Elliotte Friedman reported in May. Salary cap could be flat for 5 more years.
Weird one with Suter as Bill may not even be GM by the time this is up.
Thought of this and made me respect Billy G. Usually GMs first priority is their own job security but this move is Billy G handicapping himself for 4 years. He must truly believe it is what’s best for the organization.
<div class=”d4p-bbt-quote-title”>tswoboda wrote:</div>
This is not a good day for the Wild. They’re taking a huge loss to their cap in years 2,3,4 that makes is impossible to compete during the Kirill and Fiala primes. Clearly this was a last ditch effort after realizing there was no other way out of the contracts. Billy G effectively hit the eject button.I’m not convinced this is going to be that hampering to the Wild.
Here are the projected cap space for the next 4 years:
$26.7M, $37M, $48M, $61M. Granted those are obviously without full rosters, but there are going to be players on ELCs and the Cap is most definitely going to go up in a few years.
With both players carrying identical $7.54 million cap hits, the buyouts will save the Wild more than $10 million next season, with the two players counting for just under $5 million. In 2022-23, however, the two players will count for almost $13 million against the cap. In both the 2023-24 and 2024-25 seasons, the two players will leave the Wild with a cap charge of $14.7 million.
Not sure how that doesn’t hamper the roster.
With both players carrying identical $7.54 million cap hits, the buyouts will save the Wild more than $10 million next season, with the two players counting for just under $5 million. In 2022-23, however, the two players will count for almost $13 million against the cap. In both the 2023-24 and 2024-25 seasons, the two players will leave the Wild with a cap charge of $14.7 million.
Not sure how that doesn’t hamper the roster.
I didnt say it wouldnt hamper them, I just don’t think its going to cripple them like some people think or if they were traded and then retired with the Recapture. They wouldnt have been able to field a roster most likely. Under the old agreement they would have had something over $20M in dead cap, its less now after they reworked it last year, but it still would have been significant.
Having dead money is certainly not ideal, but they really didnt have much for other options.
while waiting for the presser to begin, this was a short window to save the maximum amount of capspace AND avoid the recapture penalties that would have hung over the team’s head the next 4 years… I didn’t see a big drop in Suter’s game last year, but the team’s evaluators obviously disagreed and must have seen things…
Years 3&4 will suck with the $15 caphit, but how is that any different then if they were still on the team and either bottom of the lineup anchors or pressbox guys? In these next 4 years we’ll now have 2 open spots to develop our young prospects on rookie contracts…
While shocking, it’s the best and safest move they could have made…
What experts? I’m going off what Elliotte Friedman reported in May. Salary cap could be flat for 5 more years.
Bob Mackenzie said it on a TSN podcast I listened to a few weeks ago. Darren Dreger also mentioned it. I dont question Frieman because he is about as in touch as anyone, but the operative word he used was “could”. The new tv contract certainly influxes a ton more money and the players have to get back to their share of the revenue sooner rather than later. They capped that the last couple years and that will be a big bargaining point to get that back to where it was prior to this mess.
Most likely protected list now.
Zuccarello, Fiala, Eriksson Ek, Foligno, Hartman, Greenway, STURM, Spurgeon, Brodin, DUMBA, Talbot
Exposed: Rask, Soucy, Kahkonen, Menell + minor leaguers and UFA’s
Captains next year Spurg, Folingo, Ek?
Years 3&4 will suck with the $15 caphit, but how is that any different then if they were still on the team and either bottom of the lineup anchors or pressbox guys? In these next 4 years we’ll now have 2 open spots to develop our young prospects on rookie contracts…
While shocking, it’s the best and safest move they could have made…
This is exactly how I look at it too. Years 3 and 4 are essentially those two players on the roster, but they are not. No way Parise or Suter played considerable time during those seasons if they could even remain healthy.
while waiting for the presser to begin, this was a short window to save the maximum amount of capspace AND avoid the recapture penalties that would have hung over the team’s head the next 4 years… I didn’t see a big drop in Suter’s game last year, but the team’s evaluators obviously disagreed and must have seen things…
Suter went from 48pts down too 19pts with only 13 less games. I’d say that’s enough of a change to me.
Most likely protected list now.
Zuccarello, Fiala, Eriksson Ek, Foligno, Hartman, Greenway, STURM, Spurgeon, Brodin, DUMBA, Talbot
Exposed: Rask, Soucy, Kahkonen, Menell + minor leaguers and UFA’s
Can BG work a side deal for SEA to take Rask? Otherwise I think its a for sure done deal that they take Soucy.
<div class=”d4p-bbt-quote-title”>JoeMX1825 wrote:</div>
while waiting for the presser to begin, this was a short window to save the maximum amount of capspace AND avoid the recapture penalties that would have hung over the team’s head the next 4 years… I didn’t see a big drop in Suter’s game last year, but the team’s evaluators obviously disagreed and must have seen things…Suter went from 48pts down too 19pts with only 13 less games. I’d say that’s enough of a change to me.
He was no longer on PP1.
His game was fine. Was he a top two D man no. Was he still a solid top 4 yes. Don’t really care about points from a stay at home d man.
Dumba has to be happy.
<div class=”d4p-bbt-quote-title”>tswoboda wrote:</div>
What experts? I’m going off what Elliotte Friedman reported in May. Salary cap could be flat for 5 more years.Bob Mackenzie said it on a TSN podcast I listened to a few weeks ago. Darren Dreger also mentioned it. I dont question Frieman because he is about as in touch as anyone, but the operative word he used was “could”. The new tv contract certainly influxes a ton more money and the players have to get back to their share of the revenue sooner rather than later. They capped that the last couple years and that will be a big bargaining point to get that back to where it was prior to this mess.
Wasn’t being combative, sorry if it came off that way. Just legit curious where you heard that so I can do some more digging.
We (or at least most of us) will get our wish for a new powerplay now… when you look at years 2, 3, & 4 the big caphits our young core (Rossi/Boldy/Beckman/O’Rourke) will be on the books with their entry level caphits, that was likely a huge factor in making this decision to bite the bullet now vs a year or 2 in the future… That and the 2 protection slots for the xpac draft that allows us to keep 2 young players….
<div class=”d4p-bbt-quote-title”>JoeMX1825 wrote:</div>
Years 3&4 will suck with the $15 caphit, but how is that any different then if they were still on the team and either bottom of the lineup anchors or pressbox guys? In these next 4 years we’ll now have 2 open spots to develop our young prospects on rookie contracts…While shocking, it’s the best and safest move they could have made…
This is exactly how I look at it too. Years 3 and 4 are essentially those two players on the roster, but they are not. No way Parise or Suter played considerable time during those seasons if they could even remain healthy.
The one big difference to me is that before today there was still hope that Billy G could eventually Bowman those contacts a la Keith, Hossa, Seabrooke, etc. That hope is all gone now.
I truly believe that Billy G was deathly afraid of potential cap recapture. Parise could have legit held them hostage in the last 2 years of the deal. Basically say play me line 1 and PP1 or I retire and you get stuck with 2 additional years of cap hit.
talk about a huge blow to the Seattle Kraken! Here they thought they had the Wild by the balls and was going to get either a top young player or some picks/prospects to not take a specific player, now they are basically stuck with Soucy, Rask or Kahkonen…
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