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Parise Retires

Created by: BoredWildFan
Team: 2021-22 Minnesota Wild
Initial Creation Date: May 2, 2021
Published: May 7, 2021
Salary Cap Mode: Basic
Description
Parise is a healthy scratch tonight.
The Wild are past the point where any trade is beneficial. Something has to give this offseason. Either a buyout or retirement (I don’t think he’ll retire with 6mil owed next year) because he can’t be a 7 minute a game/press box guy for four more years.


Don’t pay much attention to the lines. I think Rossi starts in the AHL next year.
Free Agent Signings
RESERVE LISTYEARSCAP HIT
2$900,000
RFAYEARSCAP HIT
7$4,500,000
6$8,000,000
4$5,750,000
UFAYEARSCAP HIT
1$1,500,000
CREATEDYEARSCAP HIT
Recapture penalty for, Parise retirement
4$5,038,000
Trades
1.
MIN
ANA
  1. Parise, Zach
Additional Details:
Parise Retirement
2.
MIN
    Expansion.
    SEA
    1. Rask, Victor
    2. 2021 1st round pick (PIT)
    Additional Details:
    Give up a late first to protect Foligno , Soucy, Talbot and dump Rask and his $4mil cap hit at the same time.
    DraftRound 1Round 2Round 3Round 4Round 5Round 6Round 7
    2021
    Logo of the MIN
    Logo of the MIN
    Logo of the MIN
    Logo of the PIT
    Logo of the MIN
    Logo of the MIN
    Logo of the MIN
    Logo of the MIN
    2022
    Logo of the MIN
    Logo of the MIN
    Logo of the MIN
    Logo of the MIN
    Logo of the MIN
    Logo of the SJS
    Logo of the MIN
    2023
    Logo of the MIN
    Logo of the MIN
    Logo of the MIN
    Logo of the MIN
    Logo of the MIN
    Logo of the MIN
    Logo of the MIN
    ROSTER SIZESALARY CAPCAP HITOVERAGES TooltipBONUSESCAP SPACE
    21$81,500,000$73,075,500$0$815,000$8,424,500
    Left WingCentreRight Wing
    Logo of the Minnesota Wild
    $2,100,000$2,100,000
    LW, RW
    UFA - 1
    Logo of the Minnesota Wild
    $4,500,000$4,500,000
    C
    UFA - 8
    Logo of the Minnesota Wild
    $3,100,000$3,100,000
    RW, LW
    UFA - 3
    Logo of the Minnesota Wild
    $8,000,000$8,000,000
    LW
    UFA - 5
    Logo of the Minnesota Wild
    $894,167$894,167
    C
    RFA - 4
    Logo of the Minnesota Wild
    $6,000,000$6,000,000
    RW, LW
    NMC
    UFA - 3
    Logo of the Minnesota Wild
    $880,833$880,833 (Performance Bonus$600,000$600K)
    RW, LW
    UFA - 2
    Logo of the Minnesota Wild
    $725,000$725,000
    C
    UFA - 1
    Logo of the Minnesota Wild
    $5,750,000$5,750,000
    RW, LW
    UFA - 1
    Logo of the Minnesota Wild
    $825,833$825,833 (Performance Bonus$82,500$82K)
    LW, C
    RFA - 1
    Logo of the Minnesota Wild
    $1,500,000$1,500,000
    C, LW
    UFA - 2
    Logo of the Minnesota Wild
    $1,700,000$1,700,000
    C, RW
    UFA - 3
    Left DefenseRight DefenseGoaltender
    Logo of the Minnesota Wild
    $6,000,000$6,000,000
    LD
    NMC
    UFA - 7
    Logo of the Minnesota Wild
    $6,000,000$6,000,000
    RD
    M-NTC
    UFA - 2
    Logo of the Minnesota Wild
    $3,666,667$3,666,667
    G
    UFA - 2
    Logo of the Minnesota Wild
    $7,575,000$7,575,000
    RD
    NMC
    UFA - 6
    Logo of the Minnesota Wild
    $725,000$725,000
    G
    UFA - 1
    Logo of the Minnesota Wild
    $3,650,000$3,650,000
    LD
    NMC
    UFA - 4
    Logo of the Minnesota Wild
    $795,000$795,000 (Performance Bonus$132,500$132K)
    RD
    RFA - 2
    Logo of the Minnesota Wild
    $2,750,000$2,750,000
    LD/RD
    UFA - 2
    ScratchesInjured Reserve (IR)Long Term IR (LTIR)
    Logo of the Minnesota Wild
    $900,000$900,000
    D
    UFA - 1
    Recapture penalty for, Parise retirement
    $5,038,000$5,038,000

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    May 7, 2021 at 8:23 p.m.
    #1
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    If Parise retires it'll be the LTIR type of retirement, not an outright thing. That's $10m he'd be throwing away.
    RazWild liked this.
    May 7, 2021 at 9:47 p.m.
    #2
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    He's being given a night off to rest up.

    That's it.
    May 7, 2021 at 9:57 p.m.
    #3
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    Quoting: RazWild
    He's being given a night off to rest up.

    That's it.


    Bjugstad needs to play and try to find some semblance of his game before the Playoffs too.

    I would really like to see Boldy given a chance next to Fiala. MarJo is doing his best bad Coyle impression.
    OldNYIfan and RazWild liked this.
    May 7, 2021 at 11:15 p.m.
    #4
    Once a Kings Fan Too
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    Joined: Jun. 2018
    Posts: 40,499
    Likes: 25,389
    Nice overtime win for you guys tonight.

    Thank God Kaprizov is a RFA.
    May 7, 2021 at 11:43 p.m.
    #5
    Mods have power egos
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    Joined: Jun. 2018
    Posts: 3,692
    Likes: 1,279
    If he does retire don’t you get a recapture penalty?
    May 8, 2021 at 12:49 a.m.
    #6
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    Quoting: NYRxLundqvist
    If he does retire don’t you get a recapture penalty?


    Yep, unless it's a LTIRetire.
    May 8, 2021 at 1:48 a.m.
    #7
    Thread Starter
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    Quoting: NYRxLundqvist
    If he does retire don’t you get a recapture penalty?

    5.038mil x 4. I have listed it in the IR column.
    May 8, 2021 at 1:58 a.m.
    #8
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    Quoting: BoredWildFan
    5.038mil x 4. I have listed it in the IR column.


    I'm pretty sure the cap recapture would clock in at his full $7.538M cap hit for four years, until the full cap penalty was paid off, if he actually retired without going on LTIR.
    May 8, 2021 at 2:06 a.m.
    #9
    Thread Starter
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    Quoting: RazWild
    I'm pretty sure the cap recapture would clock in at his full $7.538M cap hit for four years, until the full cap penalty was paid off, if he actually retired without going on LTIR.


    PENALTY FOR 2021 RETIREMENT
    2021-22
    $5,038,463
    2022-23
    $5,038,463
    2023-24
    $5,038,463
    2024-25
    $5,038,463
    PENALTY FOR 2022 RETIREMENT
    2022-23
    $6,717,950
    2023-24
    $6,717,950
    2024-25
    $6,717,950
    PENALTY FOR 2023 RETIREMENT
    2023-24
    $7,538,461
    2024-25
    $7,538,461
    2025-26
    $5,076,929
    PENALTY FOR 2024 RETIREMENT
    2024-25
    $7,538,461
    2025-26
    $7,538,461
    2026-27
    $5,076,929
    May 8, 2021 at 8:14 p.m.
    #10
    Minnesota Wild
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    Joined: Oct. 2016
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    Quoting: RazWild
    I'm pretty sure the cap recapture would clock in at his full $7.538M cap hit for four years, until the full cap penalty was paid off, if he actually retired without going on LTIR.


    Quoting: BoredWildFan
    PENALTY FOR 2021 RETIREMENT
    2021-22
    $5,038,463
    2022-23
    $5,038,463
    2023-24
    $5,038,463
    2024-25
    $5,038,463
    PENALTY FOR 2022 RETIREMENT
    2022-23
    $6,717,950
    2023-24
    $6,717,950
    2024-25
    $6,717,950
    PENALTY FOR 2023 RETIREMENT
    2023-24
    $7,538,461
    2024-25
    $7,538,461
    2025-26
    $5,076,929
    PENALTY FOR 2024 RETIREMENT
    2024-25
    $7,538,461
    2025-26
    $7,538,461
    2026-27
    $5,076,929


    The cap recapture penalty is the accrued cap advantage divided by the years remaining on his contract. The only way his recapture penalty would equal his cap hit in any year would be if the was traded (thus freezing the advantage) and retired when the penalty would otherwise be more than his cap hit. Bored, your numbers are assuming the cap advantage does not decrease as his salary dips below his cap hit which is incorrect.

    Here's the breakdown of recapture penalties based on the year he retires, all assuming he isn't traded:

    Summer 2021 - $5.04 million for 4 years ($20.154 million cap advantage)
    Summer 2022 - $6.21 million for 3 years ($18.615 million cap advantage)
    Summer 2023 - $6.54 million for 2 years ($13.077 million cap advantage)
    Summer 2024 - $6.54 million for 1 year ($6,538 million cap advantage)
    Summer 2025 (end of contract) - $0 ($0 cap advantage)

    If you want the rules for cap recapture, it's in Article 50.5 of the 2013 CBA. The amendment in the MOU from last summer just prevents something like a $20.154 million single year cap penalty if he were to be traded and retire elsewhere with 1 year left on his deal. It doesn't fundamentally change the recapture penalty in scenarios where the accrued cap advantage divided by years remaining on the contract would be less than the cap hit as would be the case in any year if he is not traded.
    May 8, 2021 at 9:33 p.m.
    #11
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    Quoting: futurehofer
    The cap recapture penalty is the accrued cap advantage divided by the years remaining on his contract. The only way his recapture penalty would equal his cap hit in any year would be if the was traded (thus freezing the advantage) and retired when the penalty would otherwise be more than his cap hit. Bored, your numbers are assuming the cap advantage does not decrease as his salary dips below his cap hit which is incorrect.

    Here's the breakdown of recapture penalties based on the year he retires, all assuming he isn't traded:

    Summer 2021 - $5.04 million for 4 years ($20.154 million cap advantage)
    Summer 2022 - $6.21 million for 3 years ($18.615 million cap advantage)
    Summer 2023 - $6.54 million for 2 years ($13.077 million cap advantage)
    Summer 2024 - $6.54 million for 1 year ($6,538 million cap advantage)
    Summer 2025 (end of contract) - $0 ($0 cap advantage)

    If you want the rules for cap recapture, it's in Article 50.5 of the 2013 CBA. The amendment in the MOU from last summer just prevents something like a $20.154 million single year cap penalty if he were to be traded and retire elsewhere with 1 year left on his deal. It doesn't fundamentally change the recapture penalty in scenarios where the accrued cap advantage divided by years remaining on the contract would be less than the cap hit as would be the case in any year if he is not traded.


    You’re correct. These are numbers if he were traded this offseason and retired at some point before the end of his contract.
     
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