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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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Nicklas Backstrom is 26 years old on the buyout date of June 15, 2014, setting the buyout ratio at 2/3 and the total buyout cost at $28,666,667 spread over 12 years. His contract was originally valued at $67,000,000 beginning in 2010 and ending in 2020, with $43,000,000 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 $6,500,000 $6,700,000 $2,388,889 $4,111,111 $2,588,889
2015-16 $6,500,000 $6,700,000 $2,388,889 $4,111,111 $2,588,889
2016-17 $7,000,000 $6,700,000 $2,388,889 $4,611,111 $2,088,889
2017-18 $7,500,000 $6,700,000 $2,388,889 $5,111,111 $1,588,889
2018-19 $7,500,000 $6,700,000 $2,388,889 $5,111,111 $1,588,889
2019-20 $8,000,000 $6,700,000 $2,388,889 $5,611,111 $1,088,889
2020-21 $0 $0 $2,388,889 -$2,388,889 $2,388,889
2021-22 $0 $0 $2,388,889 -$2,388,889 $2,388,889
2022-23 $0 $0 $2,388,889 -$2,388,889 $2,388,889
2023-24 $0 $0 $2,388,889 -$2,388,889 $2,388,889
2024-25 $0 $0 $2,388,889 -$2,388,889 $2,388,889
2025-26 $0 $0 $2,388,889 -$2,388,889 $2,388,889

TEXT CAP HIT BREAKDOWN (for copying and pasting)

NicklasĀ Backstrom buyout from CapGeek.com

  • 2014-15: $2,588,889
  • 2015-16: $2,588,889
  • 2016-17: $2,088,889
  • 2017-18: $1,588,889
  • 2018-19: $1,588,889
  • 2019-20: $1,088,889
  • 2020-21: $2,388,889
  • 2021-22: $2,388,889
  • 2022-23: $2,388,889
  • 2023-24: $2,388,889
  • 2024-25: $2,388,889
  • 2025-26: $2,388,889