Skip to content

Blockbuster: Minnesota wins Zach Parise and Ryan Suter sweepstakes — for $196 million

Jul 4, 2012, 12:35 PM EST

parise_suter_ghetty

The Minnesota Wild have officially won free agency.

That’s the big news on this July 4 holiday as the Wild announced they’ve landed both of this year’s prize UFAs — former Nashville Predators defenseman Ryan Suter and former New Jersey Devils captain Zach Parise.

The deals cost Minnesota a fortune. ESPN’s Pierre LeBrun reports the pair got matching 13-year, $98 million contracts, meaning both will have an average annual cap hit of $7.54 million.

And yes, the Wild just dropped $196 million dollars.

This will go down as one of, if not the, biggest days in franchise history. The Wild instantly become a Western Conference contender and may have shifted the landscape in terms of free agent philosophy — in a market where heavy hitters like Chicago, Detroit and Pittsburgh were all angling for Suter and Parise’s services, a team that’s missed the playoffs four straight years (and never been considered a big spender) reeled in the two biggest fish.

Notes

— Turns out Lou Nanne was right all along.

According to Josh Cooper of The Tennessean, Nashville’s offer to retain Suter was 13 years, $90 million.

TSN’s Darren Dreger says Wild players are “ecstatic” about the signings. Dany Heatley has reportedly been in contact with both Parise and Suter. “Both asked: can we win,” Dreger tweeted.  “Answer: yes.”

— Based on annual cap hit, Parise and Suter are now the NHL’s seventh and eighth highest-paid players. Only Alex Ovechkin, Evgeni Malkin, Sidney Crosby, Eric Staal, Rich Nash and Vincent Lecavalier average more per year.

— Next season, the Wild will have $35.2 million (roughly half of the $70.2 salary cap) committed to five players — Parise, Suter, Heatley, Mikko Koivu and Niklas Backstrom.

Latest Posts
  1. Out for at least a month, Bobrovsky laments missing All-Star game

    Jan 25, 2015, 10:50 AM EST

    Nashville Predators v Columbus Blue Jackets Getty Images

    A rare opportunity sidetracked by his groin injury.

  2. Report: Lightning’s Johnson may sit out All-Star game

    Jan 25, 2015, 9:30 AM EST

    Tyler Johnson Getty Images

    It sounds like he won’t face the same headaches as others who skipped the event.

  3. Video: Luongo sprawls out to rob Sekac in shootout

    Jan 24, 2015, 9:41 PM EST

    Roberto Luongo Getty Images

    Florida’s All-Star goalie never gave up on it.

  4. Video: Weber wins hardest shot with 108.5 mph blast

    Jan 24, 2015, 9:14 PM EST

    Shea Weber AP

    Just 0.3 away from Zdeno Chara’s all-time record.

  5. Video: Lightning’s Drouin wins fastest skater

    Jan 24, 2015, 7:55 PM EST

    JonathanDrouin2 Getty Images

    Team Foligno sweeps first competition.

  6. Brent Burns a ‘free spirit on the ice’ for the Sharks

    Jan 24, 2015, 6:20 PM EST

    Los Angeles Kings v San Jose Sharks - Game Seven Getty Images

    Has gone from forward to defense, back to forward and back to defense.

  7. Lawson Crouse: ‘I’m a big power forward’

    Jan 24, 2015, 5:30 PM EST

    Team Cherry v Team Orr Team Cherry v Team Orr

    He’s ranked fourth in Central Scouting’s mid-term rankings.

  8. Bettman says falling Canadian dollar won’t drastically impact the salary cap

    Jan 24, 2015, 4:55 PM EST

    2015 NHL All-Star Weeknd - Commissioners Press Conference Getty Images

    It’s expected to be around $71.6 million to $72.2 million for the 2015-16 season.

  9. Here’s an early look at Team Europe

    Jan 24, 2015, 4:09 PM EST

    SOCHI, RUSSIA - FEBRUARY 13: Anze Kopitar #11 of Slovenia skates against Russia during the Men's Ice Hockey Preliminary Round Group A game on day six of the Sochi 2014 Winter Olympics at Bolshoy Ice Dome on February 13, 2014 in Sochi, Russia. Getty Images

    Slovenia’s (and Los Angeles’) Anze Kopitar figures to play a prominent role.

  10. Two big questions about the World Cup format

    Jan 24, 2015, 4:02 PM EST

    Gary Bettman, Donald Fehr AP

    Will fans care? Is it fair?

  11. Unique World Cup format allows ‘more of the very best players’ to participate

    Jan 24, 2015, 2:34 PM EST

    2015 NHL All-Star Weeknd - Commissioners Press Conference Getty Images

    “People are intrigued by this. There are going to be great storylines.”

  12. NHL unveils 2016 Winter Classic, Stadium Series games

    Jan 24, 2015, 2:15 PM EST

    Gillette Stadium, TCF Bank Stadium and Coors Field will play hosts

Featured video

Who will excite most in All-Star game?
Top 10 NHL Player Searches
  1. K. Letang (3264)
  2. P. Hornqvist (2993)
  3. J. Ortio (2837)
  4. S. Crosby (2783)
  5. C. Price (2558)
  1. E. Malkin (2508)
  2. S. Bobrovsky (2044)
  3. K. Versteeg (1749)
  4. Z. Rinaldo (1700)
  5. P. Rinne (1632)