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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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Jeff Carter is 29 years old on the buyout date of August 1, 2014, setting the buyout ratio at 2/3 and the total buyout cost at $26,166,667 spread over 16 years. His contract was originally valued at $58,000,000 beginning in 2011 and ending in 2022, with $39,250,000 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 $6,750,000 $5,272,727 $1,635,417 $5,114,583 $158,144
2015-16 $7,000,000 $5,272,727 $1,635,417 $5,364,583 -$91,856
2016-17 $7,000,000 $5,272,727 $1,635,417 $5,364,583 -$91,856
2017-18 $6,500,000 $5,272,727 $1,635,417 $4,864,583 $408,144
2018-19 $5,000,000 $5,272,727 $1,635,417 $3,364,583 $1,908,144
2019-20 $3,000,000 $5,272,727 $1,635,417 $1,364,583 $3,908,144
2020-21 $2,000,000 $5,272,727 $1,635,417 $364,583 $4,908,144
2021-22 $2,000,000 $5,272,727 $1,635,417 $364,583 $4,908,144
2022-23 $0 $0 $1,635,417 -$1,635,417 $1,635,417
2023-24 $0 $0 $1,635,417 -$1,635,417 $1,635,417
2024-25 $0 $0 $1,635,417 -$1,635,417 $1,635,417
2025-26 $0 $0 $1,635,417 -$1,635,417 $1,635,417
2026-27 $0 $0 $1,635,417 -$1,635,417 $1,635,417
2027-28 $0 $0 $1,635,417 -$1,635,417 $1,635,417
2028-29 $0 $0 $1,635,417 -$1,635,417 $1,635,417
2029-30 $0 $0 $1,635,417 -$1,635,417 $1,635,417

TEXT CAP HIT BREAKDOWN (for copying and pasting)

Jeff Carter buyout from CapGeek.com

  • 2014-15: $158,144
  • 2015-16: -$91,856
  • 2016-17: -$91,856
  • 2017-18: $408,144
  • 2018-19: $1,908,144
  • 2019-20: $3,908,144
  • 2020-21: $4,908,144
  • 2021-22: $4,908,144
  • 2022-23: $1,635,417
  • 2023-24: $1,635,417
  • 2024-25: $1,635,417
  • 2025-26: $1,635,417
  • 2026-27: $1,635,417
  • 2027-28: $1,635,417
  • 2028-29: $1,635,417
  • 2029-30: $1,635,417