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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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Zach Parise is 30 years old on the buyout date of June 15, 2015, setting the buyout ratio at 2/3 and the total buyout cost at $42,000,000 spread over 20 years. His contract was originally valued at $98,000,000 beginning in 2012 and ending in 2025, with $63,000,000 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
2015-16 $9,000,000 $7,538,462 $2,100,000 $6,900,000 $638,462
2016-17 $9,000,000 $7,538,462 $2,100,000 $6,900,000 $638,462
2017-18 $9,000,000 $7,538,462 $2,100,000 $6,900,000 $638,462
2018-19 $9,000,000 $7,538,462 $2,100,000 $6,900,000 $638,462
2019-20 $9,000,000 $7,538,462 $2,100,000 $6,900,000 $638,462
2020-21 $8,000,000 $7,538,462 $2,100,000 $5,900,000 $1,638,462
2021-22 $6,000,000 $7,538,462 $2,100,000 $3,900,000 $3,638,462
2022-23 $2,000,000 $7,538,462 $2,100,000 -$100,000 $7,638,462
2023-24 $1,000,000 $7,538,462 $2,100,000 -$1,100,000 $8,638,462
2024-25 $1,000,000 $7,538,462 $2,100,000 -$1,100,000 $8,638,462
2025-26 $0 $0 $2,100,000 -$2,100,000 $2,100,000
2026-27 $0 $0 $2,100,000 -$2,100,000 $2,100,000
2027-28 $0 $0 $2,100,000 -$2,100,000 $2,100,000
2028-29 $0 $0 $2,100,000 -$2,100,000 $2,100,000
2029-30 $0 $0 $2,100,000 -$2,100,000 $2,100,000
2030-31 $0 $0 $2,100,000 -$2,100,000 $2,100,000
2031-32 $0 $0 $2,100,000 -$2,100,000 $2,100,000
2032-33 $0 $0 $2,100,000 -$2,100,000 $2,100,000
2033-34 $0 $0 $2,100,000 -$2,100,000 $2,100,000
2034-35 $0 $0 $2,100,000 -$2,100,000 $2,100,000

TEXT CAP HIT BREAKDOWN (for copying and pasting)

Zach Parise buyout from CapGeek.com

  • 2015-16: $638,462
  • 2016-17: $638,462
  • 2017-18: $638,462
  • 2018-19: $638,462
  • 2019-20: $638,462
  • 2020-21: $1,638,462
  • 2021-22: $3,638,462
  • 2022-23: $7,638,462
  • 2023-24: $8,638,462
  • 2024-25: $8,638,462
  • 2025-26: $2,100,000
  • 2026-27: $2,100,000
  • 2027-28: $2,100,000
  • 2028-29: $2,100,000
  • 2029-30: $2,100,000
  • 2030-31: $2,100,000
  • 2031-32: $2,100,000
  • 2032-33: $2,100,000
  • 2033-34: $2,100,000
  • 2034-35: $2,100,000