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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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Shea Weber is 29 years old on the buyout date of June 15, 2015, setting the buyout ratio at 2/3 and the total buyout cost at $26,000,000, in addition to $29,000,000 in signing bonuses, spread over 22 years. His contract was originally valued at $110,000,000 beginning in 2012 and ending in 2026, with $39,000,000 remaining from the buyout year forward (which does not include $29,000,000 in remaining signing bonuses that are paid regardless of buyout). 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 $1,000,000 $7,857,143 $1,181,818 -$181,818 $8,038,961
2016-17 $4,000,000 $7,857,143 $1,181,818 $2,818,182 $5,038,961
2017-18 $4,000,000 $7,857,143 $1,181,818 $2,818,182 $5,038,961
2018-19 $6,000,000 $7,857,143 $1,181,818 $4,818,182 $3,038,961
2019-20 $6,000,000 $7,857,143 $1,181,818 $4,818,182 $3,038,961
2020-21 $6,000,000 $7,857,143 $1,181,818 $4,818,182 $3,038,961
2021-22 $6,000,000 $7,857,143 $1,181,818 $4,818,182 $3,038,961
2022-23 $3,000,000 $7,857,143 $1,181,818 $1,818,182 $6,038,961
2023-24 $1,000,000 $7,857,143 $1,181,818 -$181,818 $8,038,961
2024-25 $1,000,000 $7,857,143 $1,181,818 -$181,818 $8,038,961
2025-26 $1,000,000 $7,857,143 $1,181,818 -$181,818 $8,038,961
2026-27 $0 $0 $1,181,818 -$1,181,818 $1,181,818
2027-28 $0 $0 $1,181,818 -$1,181,818 $1,181,818
2028-29 $0 $0 $1,181,818 -$1,181,818 $1,181,818
2029-30 $0 $0 $1,181,818 -$1,181,818 $1,181,818
2030-31 $0 $0 $1,181,818 -$1,181,818 $1,181,818
2031-32 $0 $0 $1,181,818 -$1,181,818 $1,181,818
2032-33 $0 $0 $1,181,818 -$1,181,818 $1,181,818
2033-34 $0 $0 $1,181,818 -$1,181,818 $1,181,818
2034-35 $0 $0 $1,181,818 -$1,181,818 $1,181,818
2035-36 $0 $0 $1,181,818 -$1,181,818 $1,181,818
2036-37 $0 $0 $1,181,818 -$1,181,818 $1,181,818

NOTE: Shea Weber receives an additional $29,000,000 in signing bonuses as per the schedule outlined in his contract. These signing bonuses are not included in the above "salary" and "buyout" columns. For more information, see "How do buyouts work?" in our FAQ.

TEXT CAP HIT BREAKDOWN (for copying and pasting)

Shea Weber buyout from CapGeek.com

  • 2015-16: $8,038,961
  • 2016-17: $5,038,961
  • 2017-18: $5,038,961
  • 2018-19: $3,038,961
  • 2019-20: $3,038,961
  • 2020-21: $3,038,961
  • 2021-22: $3,038,961
  • 2022-23: $6,038,961
  • 2023-24: $8,038,961
  • 2024-25: $8,038,961
  • 2025-26: $8,038,961
  • 2026-27: $1,181,818
  • 2027-28: $1,181,818
  • 2028-29: $1,181,818
  • 2029-30: $1,181,818
  • 2030-31: $1,181,818
  • 2031-32: $1,181,818
  • 2032-33: $1,181,818
  • 2033-34: $1,181,818
  • 2034-35: $1,181,818
  • 2035-36: $1,181,818
  • 2036-37: $1,181,818