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Vixen Twins watch Wild Wolves and Loony Lynx (MN Sports Thread)


Heimdallr

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51 minutes ago, SemperFeist said:

Not shocked. The Wild are a mess and need a compete revamp. 

It’s just too bad they can’t find a way to get rid of Parise and Suter.

I don't really know how the NHL cap system works, but they theoretically could just buy them out...of course, they'd still be taking cap hits long after they're gone.  But, it may be worth it.  

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Buyouts would leave both players on the books until after the 2030 season. Instead of coming off the books after the 2025 season. Buying out both players would cost the Wild $2.4M a year in cap space until 2030.  Not a huge amount, but an amount an owner likely won't want to pay, and buyouts tend to be a negative red flag to perspective free agents.

Both contracts are awful because of what the new NHL CBA did AFTER the contracts were signed in terms of what would happen should Parise and Suter retire before the end of their deals.  Their remaining cap hits would be totaled up and divided by the number of years left on the deal, and that would be the cap hit for a player retiring. If both players were to retire after this season, we would have $4M in cap hit per player, until after the 2025 season. That number goes up the longer into their deals they go.

That's also why it's not realistic that either will be traded.  If traded, that Cap Recap penalty locks in at the current level ($19.6M for Parise/Suter right now), and would be divided up over the years remaining on their deal when they retire from their new team.  If say, Parise, is traded and retires with two years left on his deal from his new team, he would cost the Wild nearly $10M per year in Cap Space for those two years.

We made our bed, we are realistically stuck with them until after the 2025 season.  Deal with the consequences, and don't make things worse by kicking the problem down the road.

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47 minutes ago, RpMc said:

Buyouts would leave both players on the books until after the 2030 season. Instead of coming off the books after the 2025 season. Buying out both players would cost the Wild $2.4M a year in cap space until 2030.  Not a huge amount, but an amount an owner likely won't want to pay, and buyouts tend to be a negative red flag to perspective free agents.

Both contracts are awful because of what the new NHL CBA did AFTER the contracts were signed in terms of what would happen should Parise and Suter retire before the end of their deals.  Their remaining cap hits would be totaled up and divided by the number of years left on the deal, and that would be the cap hit for a player retiring. If both players were to retire after this season, we would have $4M in cap hit per player, until after the 2025 season. That number goes up the longer into their deals they go.

That's also why it's not realistic that either will be traded.  If traded, that Cap Recap penalty locks in at the current level ($19.6M for Parise/Suter right now), and would be divided up over the years remaining on their deal when they retire from their new team.  If say, Parise, is traded and retires with two years left on his deal from his new team, he would cost the Wild nearly $10M per year in Cap Space for those two years.

We made our bed, we are realistically stuck with them until after the 2025 season.  Deal with the consequences, and don't make things worse by kicking the problem down the road.

FWIW, it kind of reminds me of the Steve Young, LA Express deal (For the young kids, the LA Express was a USFL team).  Steve Young is still technically getting paid by the LA Express 35 years after its demise, because as part of his contract, he signed a 40-year deal over 50 years (which was set up as an annuity) which still pays out for the next 10-15 years.  

Even if the contracts wouldn't come off the books until 2030, I still say it might be worth it, since both players seem to not be bringing in anything necessarily positive at this point.  It might be better to just move on and bite the bullet.  It likely won't happen though.  

Edited by swede700
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