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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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Nathan Horton is 29 years old on the buyout date of June 15, 2014, setting the buyout ratio at 2/3 and the total buyout cost at $21,400,000 spread over 12 years. His contract was originally valued at $37,100,000 beginning in 2013 and ending in 2020, with $32,100,000 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 $6,000,000 $5,300,000 $1,783,333 $4,216,667 $1,083,333
2015-16 $6,000,000 $5,300,000 $1,783,333 $4,216,667 $1,083,333
2016-17 $6,000,000 $5,300,000 $1,783,333 $4,216,667 $1,083,333
2017-18 $6,000,000 $5,300,000 $1,783,333 $4,216,667 $1,083,333
2018-19 $4,500,000 $5,300,000 $1,783,333 $2,716,667 $2,583,333
2019-20 $3,600,000 $5,300,000 $1,783,333 $1,816,667 $3,483,333
2020-21 $0 $0 $1,783,333 -$1,783,333 $1,783,333
2021-22 $0 $0 $1,783,333 -$1,783,333 $1,783,333
2022-23 $0 $0 $1,783,333 -$1,783,333 $1,783,333
2023-24 $0 $0 $1,783,333 -$1,783,333 $1,783,333
2024-25 $0 $0 $1,783,333 -$1,783,333 $1,783,333
2025-26 $0 $0 $1,783,333 -$1,783,333 $1,783,333

TEXT CAP HIT BREAKDOWN (for copying and pasting)

Nathan Horton buyout from CapGeek.com

  • 2014-15: $1,083,333
  • 2015-16: $1,083,333
  • 2016-17: $1,083,333
  • 2017-18: $1,083,333
  • 2018-19: $2,583,333
  • 2019-20: $3,483,333
  • 2020-21: $1,783,333
  • 2021-22: $1,783,333
  • 2022-23: $1,783,333
  • 2023-24: $1,783,333
  • 2024-25: $1,783,333
  • 2025-26: $1,783,333