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Nick Foligno Likely To Sign With Minnesota Wild

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When Nick Foligno left the Columbus Blue Jackets at the NHL Trade Deadline this season, traded to the Toronto Maple Leafs, many expected that he could return to the team this off-season. The Columbus captain since 2015, Foligno has strong ties to the organization and the city, enough that there was an expectation that the veteran forward would re-sign with the rebuilding club. While Foligno is technically the property of the Maple Leafs until July 28 and is now able to negotiate with the Seattle Kraken after being exposed in the Expansion Draft, this was the anticipated path of his off-season and the expectation remained that it would end back in Columbus.

Not so fast, says Bally Sports Andy Strickland. If there was any other team the could seduce Foligno from Columbus, it would be the Minnesota Wild, where his brother Marcus Foligno is a core player and signed long-term, not to mention protected from the Expansion Draft. That appears to be exactly what he is thinking. Strickland reports that there is a “strong possibility” that Foligno joins his brother in Minnesota when the free agent market opens next week.

Foligno, 33, is a gritty, hard-working forward who wins puck battles and creates offense in front of the net. Even as he has gotten older, Foligno’s offense has remained consistent throughout his career, scoring between 0.4 and 0.65 points per game in 12 of his 13 full NHL seasons (the one exception was a .92 PPG aberration in 2014-15). Foligno is also a smart, experienced leader, both in the locker room and on the ice. Foligno could help to make up for the recent departures of long-time Wild leaders Ryan Suter and Zach Parise, even replacing Parise’s middle-six winger role. The fit makes sense for a Minnesota team that is looking to take a step forward this coming season after a major turnaround in 2020-21.

Minnesota Wild To Buy Out Zach Parise, Ryan Suter

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In a shocking turn of events, the Minnesota Wild have begun the buyout process for both Zach Parise and Ryan Suter. Because they have no-movement causes, they do not need to go through the unconditional waiver process. Both players are on identical 13-year, $98MM contracts that were signed in 2012; a buyout would cause cap penalties of the following for each player:

  • 2021-22: $2,371,794
  • 2022-23: $6,371,794
  • 2023-24: $7,371,794
  • 2024-25: $7,371,794
  • 2025-26: $833,333
  • 2026-27: $833,333
  • 2027-28: $833,333
  • 2028-29: $833,333

Amazingly, because of the way their contracts were so heavily front-loaded, each player will only receive $6,666,667 in actual salary over the eight years of the buyout. It clears more than $10MM of cap space for the upcoming season, though obviously creates a huge cap penalty in years 2-4 of the buyout.

It’s the end of an era in Minnesota, as Suter and Parise have been the faces of the franchise for nearly a decade. Their signing in 2012 shocked the hockey world, as they decided to go to a relatively new team that had missed the playoffs in eight of its 11 years of existence. When they arrived, things immediately turned positive for Minnesota, reaching the playoffs in each of the next six seasons, but there was very little postseason success. Now, after another disappointing first-round exit, GM Bill Guerin has decided to do what was unthinkable until recently. He released a statement on the move, thanking both players for their contributions:

Zach and Ryan have been an integral part of the Wild’s success over the past nine years and we’ll always be grateful for their many contributions. There were numerous factors that entered into the difficult decision to buy out their contracts, but primarily these moves are a continuation of the transformation of our roster aimed at the eventual goal of winning a Stanley Cup. 

Parise, 36, had been pushed almost entirely out of the lineup, dressing only occasionally down the stretch and playing in just four of the team’s seven postseason games. He managed to record three points in those four matches, but had just 18 in his 45 regular season games. His role moving forward was completely unclear, but now he’ll at least get the chance to test the open market. The New York Islanders and GM Lou Lamoriello had been interested in the past, but it remains to be seen whether they’ll pursue the veteran forward this time around.

For Suter, who also turned 36 in January, things are a little different. Though his offensive numbers fell off a cliff this season, recording just 19 points in 56 games, he is still a valuable top-four defenseman that likely could have helped the Wild next season. The key to both buyouts really is that it will open two protection slots in the upcoming expansion draft, which the Wild can use to block Seattle from some of their younger, more valuable assets. Suter and Parise each held a no-movement clause that would have forced Minnesota to protect them in the draft, meaning if this buyout was going to happen, it needed to be done before the protection lists are submitted later this week.

Looking at a cap penalty of nearly $15MM is daunting, but it is important to remember that their regular cap hits would have combined for more than that anyway. If the Wild believe that the two will not be regular contributors in two years, this actually frees up a (small) amount in those seasons as well. Had they waited another year, for instance, there would have been very little cap savings at all, meaning it was a now-or-never situation. The benefit here is opening up more than $10MM (and two expansion slots) at a time when the Wild are looking at key negotiations with Kirill Kaprizov and Kevin Fiala. The team has also been loosely connected to players like Jack Eichel and Sam Reinhart, who could help fill out the center ice position that has been deemed so important to Kaprizov’s future with the team.

That does not mean it’s the end for Parise and Suter, who will enter the free agent market as attractive assets now that they can be had for a much lower cost. Just yesterday, the Edmonton Oilers for instance traded for Duncan Keith, who will likely cost more than Suter receives on the open market. Though he doesn’t have the kind of playoff success that Keith does, there’s certainly going to be a market for the 36-year-old defenseman. Parise’s might be a bit smaller, but remember he is still only a year removed from a 25-goal campaign and has more than 800 points in his NHL career. For a contender looking to add depth to the lineup for a reasonable price, there are worse gambles to make.

Michael Russo of The Athletic broke the news on Twitter.

Photo courtesy of USA Today Sports Images

Wild Notes: Dumba, Parise, First Round Picks

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Although the Minnesota Wild played well in their seven-game first round series against the Vegas Golden Knights, losing with dignity to one of the best teams in the NHL this season, their loss has already fired the rumor mill back up, reports Sarah MacLellan of the Minneapolis Star Tribune. At the center of the speculation yet again is defenseman Matt Dumba. Despite another strong season for the 26-year-old blue liner, capped off by a postseason in which he tied for the team lead in points, there is still speculation over Dumba’s future in Minnesota stemming from the impending NHL Expansion Draft. The Wild can only protect three defensemen and seven forwards or instead eight skaters total from selection by the Seattle Kraken. With Ryan Suter, Jared Spurgeon, and Jonas Brodin all carrying No-Movement Clauses, the trio all must be protected. The only way that the team can use the 7-3 format and also protect Dumba would be fore one those three to waive their NMC and allow themselves to be exposed. Otherwise, the Wild will have to protect eight skaters, but with Zach Parise and Mats Zuccarello also with No-Movement Clauses, this would mean Minnesota would have to leave multiple promising young forwards exposed in order to make room for Dumba, including at least one of Joel Eriksson Ek or Jordan Greenway. One thing that is certain is that Minnesota will not let Dumba be taken for free by future Western Conference rival Seattle. If the team cannot convince a veteran to waive their NMC and decide the 7-3 protection scheme is their best choice, Dumba will be traded before the Expansion Draft – hence the abundant speculation. Dumba has stated many times that he would like to remain with the Wild, so the organization is obviously doing all they can to make it work.

  • Another player who would like to stay in Minnesota is Parise. The 36-year-old is coming off of a down year and was even benched for the first three games of the Wild’s first round series. However, he impressed in the remainder of the series once activated. Parise can still play at a high level, but not commensurate to his $7.5MM+ cap hit over four more years. The Wild have tried to move the contract in the past and may do so again this summer, but Parise hopes they don’t. He told Dane Mizutani of TwinCities.com that he “[doesn’t] want to play anywhere else” but for his hometown team. As Mizutani points out, he shouldn’t be too worried given his albatross of a contract. Ironically though, one way that Parise could prove his loyalty to the club would be to waive his NMC for the Expansion Draft, allowing Minnesota to protect all of Dumba, Eriksson Ek, and Greenway in an 8-skater format. There is no way that Seattle would touch Parise’s contract, so it could be a win-win for both sides.
  • While the Wild are certainly not looking forward to the Expansion Draft – even if Dumba, Eriksson Ek, and Greenway are safe, the team will still lose a good player like Carson Soucy or Marcus Foligno – they are definitely excited for the NHL Entry Draft. With the Pittsburgh Penguins opting to send their 2021 first-round pick rather than their 2020 for last year’s Jason Zucker trade, the Wild will now have two picks in the top 32 this year. Not only that, but they will have two picks very close together as well. Minnesota’s own pick is locked in at No. 22 overall, but if the Tampa Bay Lightning advance to the next round, Pittsburgh’s pick will be No. 25, allowing the Wild to control the board with two picks out of four selections. They could also look to package the two picks to potentially move up into the top half of the first round. With a pipeline that is already well-stocked, Minnesota has put themselves in position to stay competitive for a long time with a strong roster and deep system after adding two first-rounders this year, as well as all of their own picks and another Pittsburgh pick in the third round.

Evening Notes: Travel Exemption, Brodin, Suter

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At the Toronto Maple Leafs-Montreal Canadiens game this evening, there are fans in the building for the first time in Canada since March 2020. It’s not a full building, but it’s a start for all the Canadian hockey fans that have been forced to watch their favorite team from home the last 14 months.

One question still remains about the playoffs, however, as it is not immediately clear how the league will go about a third-round series between the North Division winner and a U.S.-based team. There had been talk of a potential hub city plan, with the Canadian team moving south of the border, but Darren Dreger of TSN reports that a travel exemption is expected at some point which would allow games to be played in both home cities. As with anything these days, nothing can be taken for granted until it is official, which Dreger reiterates is not the case just yet.

  • The Minnesota Wild have some time to decompress and deal with any ailments now that they have been eliminated from the playoffs, but at least one injured player will avoid surgery. Jonas Brodin suffered an AC join injury in his left shoulder last night, but according to Michael Russo of The Athletic, he will not require surgery.
  • The focus for the Wild though is how they tweak the roster after a strong but ultimately unsuccessful first round against the Vegas Golden Knights. Zach Parise talked to reporters including Sarah McLellan of the Star-Tribune, but couldn’t really explain what’s going to happen to him after a trying year. Parise ended up as a healthy scratch in the playoffs but still has four years left on his 13-year, $98MM contract. “We’ll see where it goes. I don’t know. I don’t know,” Parise told McLellan. “We’ll have to figure that out in the coming summer what’s going to happen, but I don’t really have an answer on that right now”

Injury Updates: McAvoy, Hagg, Hischier, Wild

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The Bruins got some more bad news on the injury front as just prior to their game against Philadelphia, the team announced (Twitter link) that Charlie McAvoy was a late scratch due to an upper-body injury.  The 23-year-old has been a key cog on their back end this season, leading the way offensively with 22 points in 35 games while averaging a team-high 24:23 in ice time.  For context, he’s the only regular Boston blueliner averaging more than 20 minutes a night.  Adding help on the back end has seemingly been a goal for the Bruins dating back to last offseason and if McAvoy is going to miss any extended period of time, that need will only intensify.

Other injury news from around the NHL:

  • Flyers defenseman Robert Hagg is a couple of days away from returning to the lineup, relays Sam Carchidi of the Philadelphia Inquirer (Twitter link). The 26-year-old has been out for the last three weeks with a shoulder injury and is averaging three hits a game in 21 appearances so far this season.
  • New Jersey center Nico Hischier has resumed skating as he works his way back from nasal surgery three weeks ago, notes Sam Kasan of the Devils’ team website. It has been a tough season for their new captain as the 22-year-old has been limited to just five games between this, a stint on the CPRA list, and an offseason leg injury.
  • Wild center Nick Bjugstad (upper body) is being evaluated to see if he’s able to play on Wednesday after leaving Monday’s contest early, reports Michael Russo of The Athletic (Twitter link). Meanwhile, winger Mats Zuccarello (lower body) skated today and is questionable for Wednesday after missing the last two games due to the injury.  As for Zach Parise, he is expected to be available to play tomorrow, his first appearance since being put into COVID protocols last month.

Zach Parise To Be Scratched By Minnesota Wild

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The Minnesota Wild will not have one of the cornerstones of their franchise in the lineup on Wednesday night, as according to Michael Russo of The Athletic, Zach Parise will be made a healthy scratch. This will be the first time Parise has been a healthy scratch since signing a 13-year, $98MM contract to join the Wild in 2012.

The Wild have recalled Gerald Mayhew and Kyle Rau from the taxi squad, as Ryan Hartman is also expected to miss the game with an injury, but the big news here is Parise. Now 36, the star forward has racked up 801 points in a 1,034-game NHL career, including nine this season in 19 games. Russo connects the scratch to the end of Monday’s game, where Parise was on the ice for more than a minute and a half. The Vegas Golden Knights ended up tying the game with Parise on the ice, then winning in overtime.

Parise hasn’t been as effective this season but has long been one of the most marketable players in Minnesota, racking up points and goals on the regular. He’ll be 37 this summer though, and new GM Bill Guerin will have to make some tough decisions. There are still four years remaining on that contract and though it includes a full no-movement clause, Parise actually waived it last year to potentially go to the New York Islanders and rejoin Lou Lamoriello, the executive who drafted him with the New Jersey Devils in 2003.

It’s not at all clear if Parise will be dealt at some point this season, given how difficult it is to trade a contract like his, but there’s an obvious change coming in Minnesota. The team is rejuvenated with a new star at the forefront in Kirill Kaprizov, and they sit in a playoff spot today in the West Division. A scratch may be a one-time thing, but a quick look at Parise’s ice time numbers this season shows a player that is slowly being phased out. After averaging at least 17 minutes a night in every season since his rookie year, he’s well under that mark now and played just 12:42 in a game against the Los Angeles Kings last week.

Parise and teammate Ryan Suter signed identical contracts in that summer of 2012, ones that would not be allowed under today’s CBA. The 13-year deals are so heavily front-loaded that the last three years see just $4MM in total salary paid out. Those numbers mean that Minnesota would be on the hook for recapture penalties if Parise retires early, something that potentially could be out of their hands if he is traded to another team. It does mean however that anyone acquiring him wouldn’t be shelling out the $7.54MM that his cap hit indicates. After this season, just $10MM remains to be paid to the veteran forward.

Photo courtesy of USA Today Sports Images

New York Islanders Pursuing Zach Parise

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According to Frank Seravalli of TSN, the New York Islanders are working to acquire Zach Parise from the Minnesota Wild. The Islanders would be sending Andrew Ladd back in a potential deal, though the trade is not complete at this point and there would likely be additional pieces involved. Parise obviously has a link to Islanders GM Lou Lamoriello after playing the first part of his career in New Jersey. Michael Russo of The Athletic tweets that Parise is willing to waive his no-move clause if it does come together.

West Notes: Parise, Slepyshev, Chychrun

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Back in 2012, the Wild made two huge splashes on the free agent market, signing defenseman Ryan Suter and winger Zach Parise to 13-year, $98MM contracts.  While Suter has largely panned out, the same can’t be said for Parise who has often been injured and hasn’t been consistently productive when he has been in the lineup.  Despite that, Michael Russo of The Athletic mentioned in an appearance on KFAN 100.3 (audio link) that one Eastern Conference team showed interest in Parise last summer and have recently inquired with regards to his availability.  Given the nature of his contract though (a $7.538MM AAV for five more years after this one with a full no-move clause and the potential for salary cap recapture), dealing Parise may be easier to do in the summer but Russo adds that GM Bill Guerin is looking to shake things up and finding a new home for the 35-year-old would certainly be one way to do that.

More from the Western Conference:

  • Two years ago, winger Anton Slepyshev failed to lock down a regular role with the Oilers and decided to return to the KHL. The move has been a fruitful one as he was January’s player of the month in that league and is having his most productive year with CSKA Moscow.  GM Ken Holland told Bob Stauffer of 630 CHED (audio link) that he has had talks with Slepyshev’s representatives about bringing the 25-year-old back to North America for next season.  Holland was active in bringing affordable Europeans over last summer in Gaetan Haas and Joakim Nygard and it appears he may be eyeing a similar strategy for this offseason as well.
  • The news doesn’t appear to be good for Coyotes defenseman Jakob Chychrun. Craig Morgan of The Athletic notes (Twitter links) that the results of the imaging done on Chychrun was “definitely not good” to use head coach Rick Tocchet’s description.  He has already been ruled out through the weekend and there is no timetable for his return.  While the team hasn’t provided any details regarding the nature of the injury, Morgan reports that it’s a hip issue.

Minnesota Wild Have Explored Trading Zach Parise

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While the Minnesota Wild are hardly calling it a rebuilding project, it’s been quite obvious of late that they have been doing just that. Afterall, the team has traded away Charlie Coyle, Nino Niederreiter and Mikael Granlund in the second half of the season last year and continue to look like they are getting younger and younger.

In an in-depth piece about Wild forward Zach Parise, The Athletic’s Michael Russo (subscription required) writes that The Athletic has learned that general manager Paul Fenton has discussed the possibility of trading Parise at the draft and in the weeks since then in hopes of finding a trade partner. That would be a tall challenge for the GM as the 34-year-old Parise still has six years remaining on his contract at $7.53MM AAV (he originally signed a 13-year, $98MM contract back in 2012). Regardless, the scribe believes the team is seriously considering it, although there would be some obstacles.

First on the list, is whether Parise, who has a full no-movement clause, would be willing to accept a trade. While from Minneapolis and stating quite clearly that he loves it in Minnesota, the veteran also revealed that he’s concerned about the fact that the Wild seem to be looking toward a rebuild, something a veteran of 15 years isn’t likely to want to go through.

“I think I want to win. I want to win here, and I do love everything away from the rink. We’ve got so many friends through the kids away from the rink, away from hockey. It’s so great. It is great, so that’s the hard part,” Parise said, when asked if he’d be willing to accept a trade. “But you get to that point where you want to win. That’s all you want to do. Trust me, we’d all love to win here. I think this place would be absolute insanity if we won here. So that’s the goal. I mean, I just don’t know. Let’s put it this way, they haven’t come to me asking if I want to get traded somewhere.”

The second problem is that no playoff teams are going to be willing to pay $7.53MM for six straight years at his age, which will mean that Minnesota almost assuredly would have to retain some of his salary, perhaps even half of it. And if the club does that, would they be able to get a quality return even then? Parise did post 28 goals last season and could prove to be a valuable asset to many teams, but would a team be willing to take on six more years of him and hand over a major asset or two as well? After all, he’ll be 35 when the season starts and will be still be paid that amount when he turns 40. That’s a tall order even if they only have to pay $3.77MM per season.

Obviously moving Parise would quicken the pace of a rebuild as Parise’s contract (along with Ryan Suter who signed the same contract alongside Parise back in 2012) are definitely holding the team back from a complete rebuild. Of course, Parise also was the team’s leading scorer last year on a team that struggled to put the puck into the net and the team could get quite a negative reaction from fans if the team sends him off, especially if the return is a meager one. However, this might be the best time to move on from Parise after his 28-goal season as he is only getting older and even fewer teams will have interest in trading for him in the future if he struggles next season.

 

Wild Notes: Parise, Sturm, Schuldt

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As we speak, the Minnesota Wild are playing what amounts to a must-win game against the Arizona Coyotes. Neither team is in a playoff position as of now, but it still represents a potential four-point shift in the Western Conference wild card race. The Coyotes currently sit in ninth place, three points back of the Colorado Avalanche for the final postseason berth. The Wild are in tenth place, just one point behind the ’Yotes. A Minnesota regulation win would see them leapfrog Arizona to pull within two points of Colorado, but an Arizona regulation win would put Minnesota three points back of the nine seed and still four points back of the eight seed, which might be insurmountable with only three games remaining after today.

Hurting the chances of a much-needed Wild win today is the continued absence of star forward Zach Parise. Unfortunately, he may not be returning at all this season. Just prior to puck drop, beat writer Sarah McLellan reported that Parise would not be active for the game, which was not a great surprise, but added that head coach Bruce Boudreau has qualified Parise’s lower-body ailment as “significant”. While she writes that the team “hopes” he might play again this season, it seems far from certain. Parise has now missed four games in a row and with three games left his chances to return are running out. A loss today would substantially lower the odds of Parise being rushed back to action as well. The 34-year-old has enjoyed a resurgence this season, leading the team with 26 goals and 59 points, but this is a disappointing end to an otherwise encouraging season for the veteran.

  • The Athletic’s Michael Russo believes that the Wild are “pushing hard” for college free agent forward Nico Sturm. The Clarkson University captain is considered the top defensive forward in the NCAA and has improved offensively in each of his four collegiate seasons as well. The concern with Sturm is that the 23-year-old may have already peaked in his development and could project as nothing more than a fourth-liner at the NHL level. However, with good size and a mature game, Sturm does have the added benefit of being able to contribute right away, even if not on the score sheet. In fact, Russo writes that if Sturm lands in Minnesota, he is likely to join the Wild right away and burn a year off his entry-level contract.
  • There has been plenty of speculation as to where St. Cloud State University defenseman Jimmy Schuldt might end up and the rumor mill has only heated up since the Huskies were unceremoniously upset for the second straight year in their first game of the NCAA Tournament. At one point, it seemed like a foregone conclusion that Schuldt would follow teammate Ryan Poehling to the Montreal Canadiens, but those whispers have subsided and many other contenders have entered the fray. Count the Wild as one such interested club. The Athletic’s Jake Jensen writes that Minnesota is at least “in the race” for Schuldt, alongside the L.A. Kings and Vegas Golden Knights. Potentially the best undrafted defender in college hockey this season, Schuldt will be a nice prize for whichever team he decides to join.

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