So we all know how a few year back, the league decided to put a limit on the amount of term that teams can sign players: maximum 7 years for a free agent signing or an offer sheet, and maximum eight years for a contract extension. Then the league also decided to punish teams whom still had active players signed to contracts above the term limit if those players retired before their respective contracts expired. The most famous incident of this to date is when Roberto Luongo retired at the end of the 2018-19 season, but he still had three years remaining on his monster 12-year deal. A three year recapture penalty was awarded to both Vancouver (the team who originally signed Luongo to that contract) and Florida (the team who Luongo retired with). Vancouver's cap recapture hit was $3,035,212 per season, while Florida was assessed a penalty of $1,092,122 a season, both for three seasons. On a side note, both recapture penalties finally expire after the 2021-22 season

Active players who are still under contracts consisting of over 8 years in term include Duncan Keith, Jeff Carter, Sidney Crosby, and Shea Webber

On the other hand, Zach Parise and Ryan Suter were just bought out of the remaining 4 years of their 13 year contracts respectively. I'm interested to know, if either player were to retire within the next four years before their previous contracts were to originally expire, would Minnesota receive a recapture penalty? Or would they not simply because those two contracts are technically no longer active should Parise or Suter retire?

The buyouts took care of any possible recapture penalties for MN. It's why the cap hits for them are huge in years 2-4.

Ah, I see, that makes sense. Thanks so much for clarifying

As indicated by knucl3s indicated above, the buyout takes care of the any possible recapture penalty.

But to clarify the recapture penalty. It's not a recapture penalty just because a player retire early with year(s) left on his contract. It's a recapture penalty because a player retires early from a contract that was FRONT LOADED in $$$$.
The more the "front leadenness", the higher the recapture penalty.

Another great point, thanks!