Parise, Suter to have contract bought out by Wild

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Zach Parise and Ryan Suter will each have the final four seasons of his contract bought out by the Minnesota Wild.

Parise and Suter, who each signed a 13-year, $98 million contract ($7.54 million average annual value) July 4, 2012, can sign with any team when NHL free agency opens July 29.

Parise, a 36-year-old forward scored 18 points (seven goals, 11 assists) in 45 games this season. He scored 400 points (199 goals, 201 assists) in 558 regular-season games with the Wild and is their all-time leader in the Stanley Cup Playoffs with 37 points (16 goals, 21 assists) in 44 games.

Suter, a 36-year-old defenseman, scored 19 points (three goals, 16 assists) in 56 regular-season games with Minnesota this season and one assist in seven playoff games. He scored 369 points (55 goals, 314 assists) in 656 regular-season games with the Wild and 17 points (two goals, 15 assists) in 42 playoff games.

“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,” Wild general manager Bill Guerin said. “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.”

The Wild (35-16-5) were third in the eight-team Honda West Division this season and qualified for the playoffs, losing to the Vegas Golden Knights in seven games in the first round. Minnesota made the playoffs in eight of nine seasons with Parise and Suter.

“I want to thank Zach and Ryan for everything they did for our organization over the past nine seasons, both on and off the ice,” Wild owner Craig Leipold said. “They were tremendous ambassadors for our team and helped us win a lot of games. I wish them nothing but the best going forward.”

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