Breaking News: Wild are buying out Zach Parise and Ryan Suter’s contracts

Igor Burdetskiy July 13, 2021

2 1 minute read

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.

Another “wild” turn of events for this NHL offseason.

From Michael Russo of the Athletic reports:

“Suter, 36, and Parise, who turns 37 on July 28, joined the Wild on matching 13-year, $98 million contracts in free agency in July 2012. The duo helped Minnesota make eight playoff appearances over the last nine seasons, after the franchise had just three postseason berths through its first 11 seasons of existence.

The moves create $10.33 million in cap space. The Wild will pay each player $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.”

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Igor Burdetskiy

Founder, Editor-in-Chief, & CEO at Hooked on Hockey Magazine

I grew up playing Ball and Roller Hockey day and night somewhat religiously throughout elementary and middle school. The two don't compare though when I lace up the skates and hit the ice. I live and breathe hockey beyond the perspective of "it's just a game" and I will gladly talk hockey for hours with anyone. Hockey is more than just a lifestyle, it's a culture of passionate people who make memories every time the puck is dropped. Hockey has not only helped me get through some of the hardest times in life but has created some of the best memories to date. Want to talk hockey with me? Shoot me an email: iburdetskiy@hookedonhockey.com and let's talk some hockey!