Well the Devils will not be going to the dreadful arbitration hearing with Zach Parise, but they did not lock him up long-term. The Devils agreed to a one-year deal with Parise, which means he can become unrestricted on July 1, 2012. No financial details of the one-year-deal were released.
So, why only a one year deal for Parise. Well, for once there could be a lot of factors. His injury this past season might have been the biggest factor in his price. Another reason could be the consecutive season's of struggles for the New Jersey Devils and failure to get out of the first round. Parise might not be sold on the Devils long-term just yet. Devils better have a great year this year in order to sell him long-term. Also, the collective bargaining agreement expires in September of 2012, which also might have been a factor. The Devils will also have a lot of money going of the cap next summer which could give them much more flexibility than now.
Parise's one-year-deal might mean the Devils could play out this season without a captain. As per CBA, the Devils cannot sign him to a new contract until January 1, 2012, so it will be a 5 month wait at least until they can start negotiating a long-term deal. However, Lamoriello acknowledged the two sides will try to get a long-term pact worked out before July 1st of next summer.
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