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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 28 years old on the buyout date of July 30, 2014, setting the buyout ratio at 2/3 and the total buyout cost at $26,666,667, in addition to $42,000,000 in signing bonuses, spread over 24 years. His contract was originally valued at $110,000,000 beginning in 2012 and ending in 2026, with $40,000,000 remaining from the buyout year forward (which does not include $42,000,000 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
2014-15 $1,000,000 $7,857,143 $1,111,111 -$111,111 $7,968,254
2015-16 $1,000,000 $7,857,143 $1,111,111 -$111,111 $7,968,254
2016-17 $4,000,000 $7,857,143 $1,111,111 $2,888,889 $4,968,254
2017-18 $4,000,000 $7,857,143 $1,111,111 $2,888,889 $4,968,254
2018-19 $6,000,000 $7,857,143 $1,111,111 $4,888,889 $2,968,254
2019-20 $6,000,000 $7,857,143 $1,111,111 $4,888,889 $2,968,254
2020-21 $6,000,000 $7,857,143 $1,111,111 $4,888,889 $2,968,254
2021-22 $6,000,000 $7,857,143 $1,111,111 $4,888,889 $2,968,254
2022-23 $3,000,000 $7,857,143 $1,111,111 $1,888,889 $5,968,254
2023-24 $1,000,000 $7,857,143 $1,111,111 -$111,111 $7,968,254
2024-25 $1,000,000 $7,857,143 $1,111,111 -$111,111 $7,968,254
2025-26 $1,000,000 $7,857,143 $1,111,111 -$111,111 $7,968,254
2026-27 $0 $0 $1,111,111 -$1,111,111 $1,111,111
2027-28 $0 $0 $1,111,111 -$1,111,111 $1,111,111
2028-29 $0 $0 $1,111,111 -$1,111,111 $1,111,111
2029-30 $0 $0 $1,111,111 -$1,111,111 $1,111,111
2030-31 $0 $0 $1,111,111 -$1,111,111 $1,111,111
2031-32 $0 $0 $1,111,111 -$1,111,111 $1,111,111
2032-33 $0 $0 $1,111,111 -$1,111,111 $1,111,111
2033-34 $0 $0 $1,111,111 -$1,111,111 $1,111,111
2034-35 $0 $0 $1,111,111 -$1,111,111 $1,111,111
2035-36 $0 $0 $1,111,111 -$1,111,111 $1,111,111
2036-37 $0 $0 $1,111,111 -$1,111,111 $1,111,111
2037-38 $0 $0 $1,111,111 -$1,111,111 $1,111,111

NOTE: Shea Weber receives an additional $42,000,000 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

  • 2014-15: $7,968,254
  • 2015-16: $7,968,254
  • 2016-17: $4,968,254
  • 2017-18: $4,968,254
  • 2018-19: $2,968,254
  • 2019-20: $2,968,254
  • 2020-21: $2,968,254
  • 2021-22: $2,968,254
  • 2022-23: $5,968,254
  • 2023-24: $7,968,254
  • 2024-25: $7,968,254
  • 2025-26: $7,968,254
  • 2026-27: $1,111,111
  • 2027-28: $1,111,111
  • 2028-29: $1,111,111
  • 2029-30: $1,111,111
  • 2030-31: $1,111,111
  • 2031-32: $1,111,111
  • 2032-33: $1,111,111
  • 2033-34: $1,111,111
  • 2034-35: $1,111,111
  • 2035-36: $1,111,111
  • 2036-37: $1,111,111
  • 2037-38: $1,111,111