Give Parise $25 million over the first two years, and you obviously are talking about long, career ending contract.
That said, I doubt he's going to take joke money like $1 million to end the contract. More than likely, you're looking at what Crosby is rumored to be getting which is $3 to $4 million in the final years.
He turns 28 in a few weeks so I would guess you'll need to pay at least 8 years at a premium price. You could stretch the deal 3 more years until he's just about to turn 39 for let's say $3.5 million year. That's an 11 year contract, and you already have $35.5 million in 5 years.
So what about the 6 remaining years? I'll say he'll make $35-$43 million in those years.
So that would be an 11 year contract worth $70.5 to $78.5 million or an annual cap hit of approximately $6.4 to $7.15 million.
The way I came up with that number was by considering Crosby's recent contract. His premium years are rumored to be $10 million/year and the end of contract average is around $3.5 million/year. Therefore with Parise, I just estimated a premium of $7.5 to $8.5 million for 8 years and an end of contract earnings average of $3.5 million.
Anyway … if that $25 million rumor is true and we're talking a career ending contract … this seems like reasonable figures. I know it's wasted hope … but I just wish he'd want a 5 year deal like Bouwmeester went with. Financially though this long term nonsense makes more sense.