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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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Roberto Luongo is 33 years old on the buyout date of June 15, 2012, setting the buyout ratio at 2/3 and the total buyout cost at $31,522,667 spread over 20 years. His contract was originally valued at $64,000,000 beginning in 2010 and ending in 2022, with $47,284,000 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
2012-13 $6,714,000 $5,333,333 $1,576,133 $5,137,867 $195,467
2013-14 $6,714,000 $5,333,333 $1,576,133 $5,137,867 $195,467
2014-15 $6,714,000 $5,333,333 $1,576,133 $5,137,867 $195,467
2015-16 $6,714,000 $5,333,333 $1,576,133 $5,137,867 $195,467
2016-17 $6,714,000 $5,333,333 $1,576,133 $5,137,867 $195,467
2017-18 $6,714,000 $5,333,333 $1,576,133 $5,137,867 $195,467
2018-19 $3,382,000 $5,333,333 $1,576,133 $1,805,867 $3,527,467
2019-20 $1,618,000 $5,333,333 $1,576,133 $41,867 $5,291,467
2020-21 $1,000,000 $5,333,333 $1,576,133 -$576,133 $5,909,467
2021-22 $1,000,000 $5,333,333 $1,576,133 -$576,133 $5,909,467
2022-23 $0 $0 $1,576,133 -$1,576,133 $1,576,133
2023-24 $0 $0 $1,576,133 -$1,576,133 $1,576,133
2024-25 $0 $0 $1,576,133 -$1,576,133 $1,576,133
2025-26 $0 $0 $1,576,133 -$1,576,133 $1,576,133
2026-27 $0 $0 $1,576,133 -$1,576,133 $1,576,133
2027-28 $0 $0 $1,576,133 -$1,576,133 $1,576,133
2028-29 $0 $0 $1,576,133 -$1,576,133 $1,576,133
2029-30 $0 $0 $1,576,133 -$1,576,133 $1,576,133
2030-31 $0 $0 $1,576,133 -$1,576,133 $1,576,133
2031-32 $0 $0 $1,576,133 -$1,576,133 $1,576,133

TEXT CAP HIT BREAKDOWN (for copying and pasting)

Roberto Luongo buyout from CapGeek.com

  • 2012-13: $195,467
  • 2013-14: $195,467
  • 2014-15: $195,467
  • 2015-16: $195,467
  • 2016-17: $195,467
  • 2017-18: $195,467
  • 2018-19: $3,527,467
  • 2019-20: $5,291,467
  • 2020-21: $5,909,467
  • 2021-22: $5,909,467
  • 2022-23: $1,576,133
  • 2023-24: $1,576,133
  • 2024-25: $1,576,133
  • 2025-26: $1,576,133
  • 2026-27: $1,576,133
  • 2027-28: $1,576,133
  • 2028-29: $1,576,133
  • 2029-30: $1,576,133
  • 2030-31: $1,576,133
  • 2031-32: $1,576,133