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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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Dion Phaneuf is 29 years old on the buyout date of June 15, 2014, setting the buyout ratio at 2/3 and the total buyout cost at $24,666,667, in addition to $12,000,000 in signing bonuses, spread over 14 years. His contract was originally valued at $49,000,000 beginning in 2014 and ending in 2021, with $37,000,000 remaining from the buyout year forward (which does not include $12,000,000 in remaining signing bonuses that are paid regardless of buyout). 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 $4,500,000 $7,000,000 $1,761,905 $2,738,095 $4,261,905
2015-16 $6,000,000 $7,000,000 $1,761,905 $4,238,095 $2,761,905
2016-17 $6,500,000 $7,000,000 $1,761,905 $4,738,095 $2,261,905
2017-18 $6,000,000 $7,000,000 $1,761,905 $4,238,095 $2,761,905
2018-19 $5,500,000 $7,000,000 $1,761,905 $3,738,095 $3,261,905
2019-20 $5,500,000 $7,000,000 $1,761,905 $3,738,095 $3,261,905
2020-21 $3,000,000 $7,000,000 $1,761,905 $1,238,095 $5,761,905
2021-22 $0 $0 $1,761,905 -$1,761,905 $1,761,905
2022-23 $0 $0 $1,761,905 -$1,761,905 $1,761,905
2023-24 $0 $0 $1,761,905 -$1,761,905 $1,761,905
2024-25 $0 $0 $1,761,905 -$1,761,905 $1,761,905
2025-26 $0 $0 $1,761,905 -$1,761,905 $1,761,905
2026-27 $0 $0 $1,761,905 -$1,761,905 $1,761,905
2027-28 $0 $0 $1,761,905 -$1,761,905 $1,761,905

NOTE: Dion Phaneuf receives an additional $12,000,000 in signing bonuses as per the schedule outlined in his contract. These signing bonuses are not included in the above "salary" and "buyout" columns. For more information, see "How do buyouts work?" in our FAQ.

TEXT CAP HIT BREAKDOWN (for copying and pasting)

Dion Phaneuf buyout from CapGeek.com

  • 2014-15: $4,261,905
  • 2015-16: $2,761,905
  • 2016-17: $2,261,905
  • 2017-18: $2,761,905
  • 2018-19: $3,261,905
  • 2019-20: $3,261,905
  • 2020-21: $5,761,905
  • 2021-22: $1,761,905
  • 2022-23: $1,761,905
  • 2023-24: $1,761,905
  • 2024-25: $1,761,905
  • 2025-26: $1,761,905
  • 2026-27: $1,761,905
  • 2027-28: $1,761,905