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Kypreos: Parise’s contract will be hugely front-loaded

Jul 1, 2012, 10:17 AM EDT

Zach Parise Getty Images

It’s no surprise that no matter where Zach Parise signs today he’s going to cash in big. But just how big? Sportsnet’s Nick Kypreos says it’s going to be a whopper.

Kypreos says anyone looking to land the Devils’ captain will be asked to pay up with two different $12 million signing bonuses. One will be paid right away up front as a means to protect against a possible lockout, the second to be paid up before next season. Yes, $24 million in the first two years of the deal.

Signing bonuses do count against the salary cap and that means if you want to not wind up with a $12 million cap hit, you have to have a long-term deal with less money in the following years to help knock that number down. Should these demands turn out to be true, you’re looking at Parise getting 10 years or more from whoever lands him to keep the cap hit reasonably sane.

We know Pittsburgh’s offer to Parise will be in the $7-8 million per year range, but with the first two years being that large, you’re looking at a very long contract should the Pens be serious about landing Parise. Teams like Detroit, Los Angeles, New Jersey, Philadelphia, Minnesota, and Ottawa will be hot for him too, but with this sort of demand, the herd should thin out fast.

  1. drewsylvania - Jul 1, 2012 at 10:31 AM

    Every time I see “front-loaded”, I think “voided”. I wonder how Parise’s agent is going to slip such a contract by the commish.

    • theawesomersfranchise - Jul 1, 2012 at 1:24 PM

      Because the NHL isn’t interested in voiding front-loaded contracts. They are interested in voiding contracts that have 5 years at the end paying the player 1 million per season after paying him over 6 for most of the deal.

      AKA Trying to thin out the cap hit by adding many years and a VERY low rate of pay.

  2. lordfletcher - Jul 1, 2012 at 10:43 AM

    so in other words, he’s coming to Minnesota. I don’t think anyone else is willing to pay him over 100 million like our owner is.

    cool done deal, now I can go play golf…. ;) jk

    • lordfletcher - Jul 1, 2012 at 11:32 AM

      for the record. This Minnesotan is praying for Suter more than Parise…. we’ll see what happens.

      Cheer everybody. Happy frenzy day!

      • greatminnesotasportsmind - Jul 1, 2012 at 11:43 AM

        How about both since we do have close to 21 million.

        The way to do the contract largely front loaded would be around 10 years. The NHL isn’t going to care as long as the decreasing salary slowly goes down. Not from 12 million to 2 million to 600k in a span of 3 years with the intent to circumvent the cap.

  3. leninthebuff - Jul 1, 2012 at 12:14 PM

    Who gives better front loaded contracts then Buffalo…check Myers and Ehrhoff.

  4. ironcity6pak - Jul 1, 2012 at 12:18 PM

    If anyone saw my post about parise being one of those player that cares more about winning and his team rather than money…I take it back

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