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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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Henrik Zetterberg is 33 years old on the buyout date of July 23, 2014, setting the buyout ratio at 2/3 and the total buyout cost at $23,233,333 spread over 14 years. His contract was originally valued at $73,000,000 beginning in 2009 and ending in 2021, with $34,850,000 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 $7,500,000 $6,083,333 $1,659,524 $5,840,476 $242,857
2015-16 $7,500,000 $6,083,333 $1,659,524 $5,840,476 $242,857
2016-17 $7,500,000 $6,083,333 $1,659,524 $5,840,476 $242,857
2017-18 $7,000,000 $6,083,333 $1,659,524 $5,340,476 $742,857
2018-19 $3,350,000 $6,083,333 $1,659,524 $1,690,476 $4,392,857
2019-20 $1,000,000 $6,083,333 $1,659,524 -$659,524 $6,742,857
2020-21 $1,000,000 $6,083,333 $1,659,524 -$659,524 $6,742,857
2021-22 $0 $0 $1,659,524 -$1,659,524 $1,659,524
2022-23 $0 $0 $1,659,524 -$1,659,524 $1,659,524
2023-24 $0 $0 $1,659,524 -$1,659,524 $1,659,524
2024-25 $0 $0 $1,659,524 -$1,659,524 $1,659,524
2025-26 $0 $0 $1,659,524 -$1,659,524 $1,659,524
2026-27 $0 $0 $1,659,524 -$1,659,524 $1,659,524
2027-28 $0 $0 $1,659,524 -$1,659,524 $1,659,524

TEXT CAP HIT BREAKDOWN (for copying and pasting)

HenrikĀ Zetterberg buyout from CapGeek.com

  • 2014-15: $242,857
  • 2015-16: $242,857
  • 2016-17: $242,857
  • 2017-18: $742,857
  • 2018-19: $4,392,857
  • 2019-20: $6,742,857
  • 2020-21: $6,742,857
  • 2021-22: $1,659,524
  • 2022-23: $1,659,524
  • 2023-24: $1,659,524
  • 2024-25: $1,659,524
  • 2025-26: $1,659,524
  • 2026-27: $1,659,524
  • 2027-28: $1,659,524