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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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Roberto Luongo is 32 years old on the buyout date of June 15, 2011, setting the buyout ratio at 2/3 and the total buyout cost at $36,000,000 spread over 22 years. His contract was originally valued at $64,000,000 beginning in 2010 and ending in 2022, 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
2011-12 $6,716,000 $5,333,333 $1,636,364 $5,079,636 $253,697
2012-13 $6,714,000 $5,333,333 $1,636,364 $5,077,636 $255,697
2013-14 $6,714,000 $5,333,333 $1,636,364 $5,077,636 $255,697
2014-15 $6,714,000 $5,333,333 $1,636,364 $5,077,636 $255,697
2015-16 $6,714,000 $5,333,333 $1,636,364 $5,077,636 $255,697
2016-17 $6,714,000 $5,333,333 $1,636,364 $5,077,636 $255,697
2017-18 $6,714,000 $5,333,333 $1,636,364 $5,077,636 $255,697
2018-19 $3,382,000 $5,333,333 $1,636,364 $1,745,636 $3,587,697
2019-20 $1,618,000 $5,333,333 $1,636,364 -$18,364 $5,351,697
2020-21 $1,000,000 $5,333,333 $1,636,364 -$636,364 $5,969,697
2021-22 $1,000,000 $5,333,333 $1,636,364 -$636,364 $5,969,697
2022-23 $0 $0 $1,636,364 -$1,636,364 $1,636,364
2023-24 $0 $0 $1,636,364 -$1,636,364 $1,636,364
2024-25 $0 $0 $1,636,364 -$1,636,364 $1,636,364
2025-26 $0 $0 $1,636,364 -$1,636,364 $1,636,364
2026-27 $0 $0 $1,636,364 -$1,636,364 $1,636,364
2027-28 $0 $0 $1,636,364 -$1,636,364 $1,636,364
2028-29 $0 $0 $1,636,364 -$1,636,364 $1,636,364
2029-30 $0 $0 $1,636,364 -$1,636,364 $1,636,364
2030-31 $0 $0 $1,636,364 -$1,636,364 $1,636,364
2031-32 $0 $0 $1,636,364 -$1,636,364 $1,636,364
2032-33 $0 $0 $1,636,364 -$1,636,364 $1,636,364

TEXT CAP HIT BREAKDOWN (for copying and pasting)

Roberto Luongo buyout from CapGeek.com

  • 2011-12: $253,697
  • 2012-13: $255,697
  • 2013-14: $255,697
  • 2014-15: $255,697
  • 2015-16: $255,697
  • 2016-17: $255,697
  • 2017-18: $255,697
  • 2018-19: $3,587,697
  • 2019-20: $5,351,697
  • 2020-21: $5,969,697
  • 2021-22: $5,969,697
  • 2022-23: $1,636,364
  • 2023-24: $1,636,364
  • 2024-25: $1,636,364
  • 2025-26: $1,636,364
  • 2026-27: $1,636,364
  • 2027-28: $1,636,364
  • 2028-29: $1,636,364
  • 2029-30: $1,636,364
  • 2030-31: $1,636,364
  • 2031-32: $1,636,364
  • 2032-33: $1,636,364