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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 July 31, 2014, setting the buyout ratio at 2/3 and the total buyout cost at $26,900,000 spread over 18 years. His contract was originally valued at $72,000,000 beginning in 2010 and ending in 2023, with $40,350,000 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
2014-15 $7,600,000 $5,538,462 $1,494,444 $6,105,556 -$567,094
2015-16 $7,500,000 $5,538,462 $1,494,444 $6,005,556 -$467,094
2016-17 $6,000,000 $5,538,462 $1,494,444 $4,505,556 $1,032,906
2017-18 $5,000,000 $5,538,462 $1,494,444 $3,505,556 $2,032,906
2018-19 $4,500,000 $5,538,462 $1,494,444 $3,005,556 $2,532,906
2019-20 $3,500,000 $5,538,462 $1,494,444 $2,005,556 $3,532,906
2020-21 $2,650,000 $5,538,462 $1,494,444 $1,155,556 $4,382,906
2021-22 $2,100,000 $5,538,462 $1,494,444 $605,556 $4,932,906
2022-23 $1,500,000 $5,538,462 $1,494,444 $5,556 $5,532,906
2023-24 $0 $0 $1,494,444 -$1,494,444 $1,494,444
2024-25 $0 $0 $1,494,444 -$1,494,444 $1,494,444
2025-26 $0 $0 $1,494,444 -$1,494,444 $1,494,444
2026-27 $0 $0 $1,494,444 -$1,494,444 $1,494,444
2027-28 $0 $0 $1,494,444 -$1,494,444 $1,494,444
2028-29 $0 $0 $1,494,444 -$1,494,444 $1,494,444
2029-30 $0 $0 $1,494,444 -$1,494,444 $1,494,444
2030-31 $0 $0 $1,494,444 -$1,494,444 $1,494,444
2031-32 $0 $0 $1,494,444 -$1,494,444 $1,494,444

TEXT CAP HIT BREAKDOWN (for copying and pasting)

Duncan Keith buyout from CapGeek.com

  • 2014-15: -$567,094
  • 2015-16: -$467,094
  • 2016-17: $1,032,906
  • 2017-18: $2,032,906
  • 2018-19: $2,532,906
  • 2019-20: $3,532,906
  • 2020-21: $4,382,906
  • 2021-22: $4,932,906
  • 2022-23: $5,532,906
  • 2023-24: $1,494,444
  • 2024-25: $1,494,444
  • 2025-26: $1,494,444
  • 2026-27: $1,494,444
  • 2027-28: $1,494,444
  • 2028-29: $1,494,444
  • 2029-30: $1,494,444
  • 2030-31: $1,494,444
  • 2031-32: $1,494,444