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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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Johan Franzen is 34 years old on the buyout date of August 1, 2014, setting the buyout ratio at 2/3 and the total buyout cost at $11,666,667 spread over 12 years. His contract was originally valued at $43,500,000 beginning in 2009 and ending in 2020, with $17,500,000 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 $5,000,000 $3,954,545 $972,222 $4,027,778 -$73,232
2015-16 $5,000,000 $3,954,545 $972,222 $4,027,778 -$73,232
2016-17 $3,500,000 $3,954,545 $972,222 $2,527,778 $1,426,768
2017-18 $2,000,000 $3,954,545 $972,222 $1,027,778 $2,926,768
2018-19 $1,000,000 $3,954,545 $972,222 $27,778 $3,926,768
2019-20 $1,000,000 $3,954,545 $972,222 $27,778 $3,926,768
2020-21 $0 $0 $972,222 -$972,222 $972,222
2021-22 $0 $0 $972,222 -$972,222 $972,222
2022-23 $0 $0 $972,222 -$972,222 $972,222
2023-24 $0 $0 $972,222 -$972,222 $972,222
2024-25 $0 $0 $972,222 -$972,222 $972,222
2025-26 $0 $0 $972,222 -$972,222 $972,222

TEXT CAP HIT BREAKDOWN (for copying and pasting)

Johan Franzen buyout from CapGeek.com

  • 2014-15: -$73,232
  • 2015-16: -$73,232
  • 2016-17: $1,426,768
  • 2017-18: $2,926,768
  • 2018-19: $3,926,768
  • 2019-20: $3,926,768
  • 2020-21: $972,222
  • 2021-22: $972,222
  • 2022-23: $972,222
  • 2023-24: $972,222
  • 2024-25: $972,222
  • 2025-26: $972,222