Just want to see what the general consensus is on HFWild for buying out Parise this offseason.
Should they do it?
Should they not do it?
Why?
Buyout:
Should they do it?
Should they not do it?
Why?
Buyout:
Speculation: Buyout Parise, yes or no?
- Thread starter Digitalbooya
- Start date
- Status
16thOverallSaveUs
Danila Yurov Fan Club Executive Assistant
- May 2, 2018
- 18,795
- 11,752
I don’t know. I’d hope Guerin could find a better option. I think, as long as he waived for expansion, I’d rather just gut another year and try and trade him one the real money in 2M 1M 1M. You could find a taker for that.
Yes.
Here are the buyout numbers, depending on which year they buy him out.
July 2021
[TBODY]
[/TBODY]
June 2022
[TBODY]
[/TBODY]
June 2023
[TBODY]
[/TBODY]
June 2024
[TBODY]
[/TBODY]
Which is to say: waiting to buy him out next summer or later offers virtually no advantage. This year, at least, gets us $5m in space for next year, which at least allows us to tread water in terms of the roster and keeps the door open on some kind of a center upgrade.
The buyout hits in years 3 and 4 stink, but I am more than willing to bet that a bought out Zach Parise has about the same on-ice impact as a 39-40 year old Zach Parise.
Get it done while there's still something to be gained.
Here are the buyout numbers, depending on which year they buy him out.
July 2021
| SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (MIN) |
| 2021-22 | $6,000,000 | $7,538,461 | $0 | $833,333 | $833,333 | $5,166,667 | $2,371,794 |
| 2022-23 | $2,000,000 | $7,538,461 | $0 | $833,333 | $833,333 | $1,166,667 | $6,371,794 |
| 2023-24 | $1,000,000 | $7,538,461 | $0 | $833,333 | $833,333 | $166,667 | $7,371,794 |
| 2024-25 | $1,000,000 | $7,538,461 | $0 | $833,333 | $833,333 | $166,667 | $7,371,794 |
| 2025-26 | $0 | $0 | $0 | $833,333 | $833,333 | -$833,333 | $833,333 |
| 2026-27 | $0 | $0 | $0 | $833,333 | $833,333 | -$833,333 | $833,333 |
| 2027-28 | $0 | $0 | $0 | $833,333 | $833,333 | -$833,333 | $833,333 |
| 2028-29 | $0 | $0 | $0 | $833,333 | $833,333 | -$833,333 | $833,333 |
| TOTAL | $10,000,000 | $30,153,844 | $0 | $6,666,667 | $6,666,667 | $3,333,333 | $26,820,508 |
June 2022
| SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (MIN) |
| 2022-23 | $2,000,000 | $7,538,461 | $0 | $444,445 | $444,445 | $1,555,555 | $5,982,906 |
| 2023-24 | $1,000,000 | $7,538,461 | $0 | $444,445 | $444,445 | $555,555 | $6,982,906 |
| 2024-25 | $1,000,000 | $7,538,461 | $0 | $444,445 | $444,445 | $555,555 | $6,982,906 |
| 2025-26 | $0 | $0 | $0 | $444,445 | $444,445 | -$444,445 | $444,445 |
| 2026-27 | $0 | $0 | $0 | $444,445 | $444,445 | -$444,445 | $444,445 |
| 2027-28 | $0 | $0 | $0 | $444,445 | $444,445 | -$444,445 | $444,445 |
| TOTAL | $4,000,000 | $22,615,383 | $0 | $2,666,667 | $2,666,667 | $1,333,333 | $21,282,053 |
June 2023
| SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (MIN) |
| 2023-24 | $1,000,000 | $7,538,461 | $0 | $333,333 | $333,333 | $666,667 | $6,871,794 |
| 2024-25 | $1,000,000 | $7,538,461 | $0 | $333,333 | $333,333 | $666,667 | $6,871,794 |
| 2025-26 | $0 | $0 | $0 | $333,333 | $333,333 | -$333,333 | $333,333 |
| 2026-27 | $0 | $0 | $0 | $333,333 | $333,333 | -$333,333 | $333,333 |
| TOTAL | $2,000,000 | $15,076,922 | $0 | $1,333,333 | $1,333,333 | $666,667 | $14,410,254 |
June 2024
| SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (MIN) |
| 2024-25 | $1,000,000 | $7,538,461 | $0 | $333,334 | $333,334 | $666,666 | $6,871,795 |
| 2025-26 | $0 | $0 | $0 | $333,334 | $333,334 | -$333,334 | $333,334 |
| TOTAL | $1,000,000 | $7,538,461 | $0 | $666,667 | $666,667 | $333,333 | $7,205,129 |
Which is to say: waiting to buy him out next summer or later offers virtually no advantage. This year, at least, gets us $5m in space for next year, which at least allows us to tread water in terms of the roster and keeps the door open on some kind of a center upgrade.
The buyout hits in years 3 and 4 stink, but I am more than willing to bet that a bought out Zach Parise has about the same on-ice impact as a 39-40 year old Zach Parise.
Get it done while there's still something to be gained.
We also lose close to $1m in cap for 4 extra years and throw out any possibility where we could trade him.
No, because there is no indication of what the heck the cap is going to down in the next few seasons.
I will take the $800k for 4 years all day long. We'll be lucky if that's the worst cap we have on our books at that point
Dr Jan Itor
Registered User
djgriff
Registered User
- Jul 3, 2011
- 48
- 11
You also have to factor in the salary of backfilling the now open roster spot. Assuming a ~$850,000 a year forth liner for the next 4 years, you basically have 0 net gain long term. You're just taking 5.16mil (more like $4.3mil with the extra rostered player) this year, and spreading it out over the next 7. Unless we think next year is a legit contender team, why would you do it? Especially if there is any chance we could trade him now or in the next 3 years.
The only reason I see to buy him out is if we can't get any trade traction this year, and Parise is going to become a locker room or publicity nightmare next year.
The only reason I see to buy him out is if we can't get any trade traction this year, and Parise is going to become a locker room or publicity nightmare next year.
Dudicles
Registered User
- Oct 1, 2010
- 418
- 11
Ride the contract out and be done with it. Buying him out only really gives you cap relief for one year, which doesn't do anything to help long term, plus you're saddled with a small additional cap hit for 4 extra years. Not worth it, IMO. Take the lumps now and move on.
Dr Jan Itor
Registered User
The salary considerations this year almost inconsequential, except for kicking the can down the road a year later, when Zuccarello's $6M becomes an option to clear off and a Dumba trade market doesn't have expansion pressures.
A Parise buyout gives the legit option to keep all of Fiala/Zucc/JEE/Greenway/Suter/Spurgeon/Brodin/Dumba around another year. It's 85% expansion related, for me.
Spurgeon
Registered User
Opens a protection spot if he’s unwilling to waive his NMC this year.
He was already healthy scratched a few times this year & that’s just going to get worse over time. He can’t be buried in the AHL for any cap relief, so this is literally the only year that we can do anything to benefit from a buyout of him.
Keeping him around with the hope that we can eventually trade him doesn’t feel like a smart move. Would rely on a team being willing to take him & Parise willing to be traded. He also would want to be bought out to be traded, so that’s another factor that the receiving team would need to be okay with. Just too many things that need to go right to get him off the roster through a trade.
I’d try to trade him + both 1sts this year to get him bought out by some team. Barring that miracle though, you buy him out and bring in a stopgap center this off-season (or sign Fiala and Kap to long term extensions near the cap they want for those deals). Zucc can be traded next offseason to make for additional cap & then Dumba’s contract ends the following year.
TwiztedHeat
Registered User
- Feb 6, 2010
- 4,786
- 324
The other part of this is to get rid of a player that wants a bigger role than we're going to offer him. Alternating between the 4th line and healthy scratches isn't a situation that's going to get better for him going forward, and it was already causing tension this year. I don't think he'd become a nightmare, but it'd be a delicate situation.... especially when you consider what happens if he retires at the wrong time.
StateofCelly
Registered User
- Jan 5, 2017
- 740
- 271
Spurgeon
Registered User
This is my preferred route that they take, but I’m not sure if they’ll find anyone. Also no idea what the cap recapture situation is for a retained salary trade, even if his contract is bought out by the receiving team.
Spurgeon
Registered User
The only logical reason to not ask Parise to waive is if he’s already planning on buying out or moving Parise (or some other deal has already been agreed upon)…
I’m not sure BG is logical though.
Can't believe that it took me this long to realize that Parise can try to force the team to buy him out by threatening not to waive his NMC for the ED. Not saying that is the way he is thinking, but it is certainly a possibility.
I don't have a strong opinion on the buyout. Opening an extra spot for the ED is nice, but would only allow us to protect one of Greenway/Foligno, unless we elect to go 4+4.
I do think that we are underestimating Leipold's unwillingness to hand out 6.6M to a guy for going away, versus 2.66M next year. He is the owner of a business that has been losing money for two years now, and he made it clear last year that he wasn't on board with buying Rask out.
Minnewildsota
He who laughs last thinks slowest
- Jun 7, 2010
- 8,732
- 3,017
I'm not sure how much I believe this. Far too many businesses use creative accounting to appear less profitable than they really are.
Minnewildsota
He who laughs last thinks slowest
- Jun 7, 2010
- 8,732
- 3,017
This I understand but isn't that really only 1 year? I believe the year before was barely impacted by COVID (was the last few games of the season and the postseason which we weren't a part of)
That last point is definitely worth appreciating, but man... he's got $70m+ invested in this roster and his GM is telling him that a buyout is the best way to get the most out of that investment. It just seems like a really weird issue to put your foot down on, especially when you were gung-ho about signing those deals to begin with.
Also, did we ever figure out how the actual money is handled with a buyout? If Leipold has to effectively pay all $6m up front into some kind of escrow account, that'd be really bad timing. But if it's actually $833k at a time that seems very digestible.
Spurgeon
Registered User
He was healthy scratched multiple times leading up to the postseason & BG had a meeting mid-season w/ Parise and his agent. I don’t see BG wanting to keep Parise, nor do I see Parise being willing to put up with this situation much longer. It’s mutually beneficial for both sides to find a way to get him off the roster.
For your first point, it was reported that he wasn't ready to buy out Rask, which would've cost him 6M last year. I would argue that he was a worse player than Parise going into last year. After a shortened, money losing season, i can't see how things have changed.
Secondly...that is a great point. If he is paying out over a longer time period, that would be more digestible. Can't see it, though.
- Status
Ad
Upcoming events
-
-
GAME 7 - North Bay Battalion @ Oshawa Generals - Series tied 3-3Wagers: 2Staked: $850.00Event closes- Updated:
-
-
Series Winner Florida Panthers vs Boston BruinsWagers: 11Staked: $109,041.00Event closes- Updated:
-