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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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Jordan Staal is 25 years old on the buyout date of July 23, 2014, setting the buyout ratio at 1/3 and the total buyout cost at $18,000,000 spread over 18 years. His contract was originally valued at $60,000,000 beginning in 2013 and ending in 2023, with $54,000,000 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 $6,000,000 $6,000,000 $1,000,000 $5,000,000 $1,000,000
2015-16 $6,000,000 $6,000,000 $1,000,000 $5,000,000 $1,000,000
2016-17 $6,000,000 $6,000,000 $1,000,000 $5,000,000 $1,000,000
2017-18 $6,000,000 $6,000,000 $1,000,000 $5,000,000 $1,000,000
2018-19 $6,000,000 $6,000,000 $1,000,000 $5,000,000 $1,000,000
2019-20 $6,000,000 $6,000,000 $1,000,000 $5,000,000 $1,000,000
2020-21 $6,000,000 $6,000,000 $1,000,000 $5,000,000 $1,000,000
2021-22 $6,000,000 $6,000,000 $1,000,000 $5,000,000 $1,000,000
2022-23 $6,000,000 $6,000,000 $1,000,000 $5,000,000 $1,000,000
2023-24 $0 $0 $1,000,000 -$1,000,000 $1,000,000
2024-25 $0 $0 $1,000,000 -$1,000,000 $1,000,000
2025-26 $0 $0 $1,000,000 -$1,000,000 $1,000,000
2026-27 $0 $0 $1,000,000 -$1,000,000 $1,000,000
2027-28 $0 $0 $1,000,000 -$1,000,000 $1,000,000
2028-29 $0 $0 $1,000,000 -$1,000,000 $1,000,000
2029-30 $0 $0 $1,000,000 -$1,000,000 $1,000,000
2030-31 $0 $0 $1,000,000 -$1,000,000 $1,000,000
2031-32 $0 $0 $1,000,000 -$1,000,000 $1,000,000

TEXT CAP HIT BREAKDOWN (for copying and pasting)

Jordan Staal buyout from CapGeek.com

  • 2014-15: $1,000,000
  • 2015-16: $1,000,000
  • 2016-17: $1,000,000
  • 2017-18: $1,000,000
  • 2018-19: $1,000,000
  • 2019-20: $1,000,000
  • 2020-21: $1,000,000
  • 2021-22: $1,000,000
  • 2022-23: $1,000,000
  • 2023-24: $1,000,000
  • 2024-25: $1,000,000
  • 2025-26: $1,000,000
  • 2026-27: $1,000,000
  • 2027-28: $1,000,000
  • 2028-29: $1,000,000
  • 2029-30: $1,000,000
  • 2030-31: $1,000,000
  • 2031-32: $1,000,000