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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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Jeff Carter 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 $21,666,667 spread over 14 years. His contract was originally valued at $58,000,000 beginning in 2011 and ending in 2022, with $32,500,000 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 $7,000,000 $5,272,727 $1,547,619 $5,452,381 -$179,654
2016-17 $7,000,000 $5,272,727 $1,547,619 $5,452,381 -$179,654
2017-18 $6,500,000 $5,272,727 $1,547,619 $4,952,381 $320,346
2018-19 $5,000,000 $5,272,727 $1,547,619 $3,452,381 $1,820,346
2019-20 $3,000,000 $5,272,727 $1,547,619 $1,452,381 $3,820,346
2020-21 $2,000,000 $5,272,727 $1,547,619 $452,381 $4,820,346
2021-22 $2,000,000 $5,272,727 $1,547,619 $452,381 $4,820,346
2022-23 $0 $0 $1,547,619 -$1,547,619 $1,547,619
2023-24 $0 $0 $1,547,619 -$1,547,619 $1,547,619
2024-25 $0 $0 $1,547,619 -$1,547,619 $1,547,619
2025-26 $0 $0 $1,547,619 -$1,547,619 $1,547,619
2026-27 $0 $0 $1,547,619 -$1,547,619 $1,547,619
2027-28 $0 $0 $1,547,619 -$1,547,619 $1,547,619
2028-29 $0 $0 $1,547,619 -$1,547,619 $1,547,619

TEXT CAP HIT BREAKDOWN (for copying and pasting)

Jeff Carter buyout from CapGeek.com

  • 2015-16: -$179,654
  • 2016-17: -$179,654
  • 2017-18: $320,346
  • 2018-19: $1,820,346
  • 2019-20: $3,820,346
  • 2020-21: $4,820,346
  • 2021-22: $4,820,346
  • 2022-23: $1,547,619
  • 2023-24: $1,547,619
  • 2024-25: $1,547,619
  • 2025-26: $1,547,619
  • 2026-27: $1,547,619
  • 2027-28: $1,547,619
  • 2028-29: $1,547,619