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Teams have the ability to buy out contracts at a reduced cap hit from June 15 to 30 each year. They are also allowed two compliance buyouts in June 2013 and June 2014 that cost the team actual cash but have no salary cap consequences. CapGeek.com's buyout calculator simplifies the complicated formula by determining the actual salary and cap costs of these buyouts with a few clicks.

Buyout Parameters

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Duncan Keith is 31 years old on the buyout date of June 15, 2015, setting the buyout ratio at 2/3 and the total buyout cost at $21,833,333 spread over 16 years. His contract was originally valued at $72,000,000 beginning in 2010 and ending in 2023, with $32,750,000 remaining from the buyout year forward. The following is a season-by-season breakdown of the buyout. A negative buyout cap hit indicates a credit.


Buyout Details

SEASON SALARY CAP HIT BUYOUT SAVINGS BUYOUT CAP HIT
2015-16 $7,500,000 $5,538,462 $1,364,583 $6,135,417 -$596,955
2016-17 $6,000,000 $5,538,462 $1,364,583 $4,635,417 $903,045
2017-18 $5,000,000 $5,538,462 $1,364,583 $3,635,417 $1,903,045
2018-19 $4,500,000 $5,538,462 $1,364,583 $3,135,417 $2,403,045
2019-20 $3,500,000 $5,538,462 $1,364,583 $2,135,417 $3,403,045
2020-21 $2,650,000 $5,538,462 $1,364,583 $1,285,417 $4,253,045
2021-22 $2,100,000 $5,538,462 $1,364,583 $735,417 $4,803,045
2022-23 $1,500,000 $5,538,462 $1,364,583 $135,417 $5,403,045
2023-24 $0 $0 $1,364,583 -$1,364,583 $1,364,583
2024-25 $0 $0 $1,364,583 -$1,364,583 $1,364,583
2025-26 $0 $0 $1,364,583 -$1,364,583 $1,364,583
2026-27 $0 $0 $1,364,583 -$1,364,583 $1,364,583
2027-28 $0 $0 $1,364,583 -$1,364,583 $1,364,583
2028-29 $0 $0 $1,364,583 -$1,364,583 $1,364,583
2029-30 $0 $0 $1,364,583 -$1,364,583 $1,364,583
2030-31 $0 $0 $1,364,583 -$1,364,583 $1,364,583

TEXT CAP HIT BREAKDOWN (for copying and pasting)

Duncan Keith buyout from CapGeek.com

  • 2015-16: -$596,955
  • 2016-17: $903,045
  • 2017-18: $1,903,045
  • 2018-19: $2,403,045
  • 2019-20: $3,403,045
  • 2020-21: $4,253,045
  • 2021-22: $4,803,045
  • 2022-23: $5,403,045
  • 2023-24: $1,364,583
  • 2024-25: $1,364,583
  • 2025-26: $1,364,583
  • 2026-27: $1,364,583
  • 2027-28: $1,364,583
  • 2028-29: $1,364,583
  • 2029-30: $1,364,583
  • 2030-31: $1,364,583