Not really a huge cash payout. Only $10M left over 4 years, so he’ll get $6.7M of that. He was going to get $6M this upcoming season, so he’s really not getting a big payout.
I guess you could make the argument that gets him the majority of his remaining contract and the ability to sign with a new team, but he’s not going to get a very big contract. That’s why it comes down to if he really wants to stay in Minnesota or not.
Speculating here, but Guerin might have had a 1-on-1 conversation with Parise after not trading him to the Islanders, where the two agreed to keep Parise on the roster for next season and maybe the 22/23 season, but after that Parise would go quietly into the LTIR night. Because if they didn't have that agreement, it would have made sense to buyout Parise last off-season, as the Wild get penalized more the longer they wait on buying him out, to the point where it doesn't make much sense during the final years of his contract.
At some point, Parise's cap hit will be too punitive on the Wild, likely when it is trying to re-sign Greenway and Sturm, then Rossi, Boldy, Addison, etc.
If Parise is a team player, Guerin can use the expansion draft to drop some salary, acquire a center, re-sign Kap, Fiala, and JEE, and maybe go some deep runs over the next couple of seasons.
But if that happens, it will be very hard for Parise to live up to that agreement if the Wild are contenders during the 23/24 period.