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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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Zach Parise 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 $46,000,000, in addition to $5,000,000 in signing bonuses, spread over 22 years. His contract was originally valued at $98,000,000 beginning in 2012 and ending in 2025, with $69,000,000 remaining from the buyout year forward (which does not include $5,000,000 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 $6,000,000 $7,538,462 $2,090,909 $3,909,091 $3,629,371
2015-16 $9,000,000 $7,538,462 $2,090,909 $6,909,091 $629,371
2016-17 $9,000,000 $7,538,462 $2,090,909 $6,909,091 $629,371
2017-18 $9,000,000 $7,538,462 $2,090,909 $6,909,091 $629,371
2018-19 $9,000,000 $7,538,462 $2,090,909 $6,909,091 $629,371
2019-20 $9,000,000 $7,538,462 $2,090,909 $6,909,091 $629,371
2020-21 $8,000,000 $7,538,462 $2,090,909 $5,909,091 $1,629,371
2021-22 $6,000,000 $7,538,462 $2,090,909 $3,909,091 $3,629,371
2022-23 $2,000,000 $7,538,462 $2,090,909 -$90,909 $7,629,371
2023-24 $1,000,000 $7,538,462 $2,090,909 -$1,090,909 $8,629,371
2024-25 $1,000,000 $7,538,462 $2,090,909 -$1,090,909 $8,629,371
2025-26 $0 $0 $2,090,909 -$2,090,909 $2,090,909
2026-27 $0 $0 $2,090,909 -$2,090,909 $2,090,909
2027-28 $0 $0 $2,090,909 -$2,090,909 $2,090,909
2028-29 $0 $0 $2,090,909 -$2,090,909 $2,090,909
2029-30 $0 $0 $2,090,909 -$2,090,909 $2,090,909
2030-31 $0 $0 $2,090,909 -$2,090,909 $2,090,909
2031-32 $0 $0 $2,090,909 -$2,090,909 $2,090,909
2032-33 $0 $0 $2,090,909 -$2,090,909 $2,090,909
2033-34 $0 $0 $2,090,909 -$2,090,909 $2,090,909
2034-35 $0 $0 $2,090,909 -$2,090,909 $2,090,909
2035-36 $0 $0 $2,090,909 -$2,090,909 $2,090,909

NOTE: Zach Parise receives an additional $5,000,000 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)

Zach Parise buyout from CapGeek.com

  • 2014-15: $3,629,371
  • 2015-16: $629,371
  • 2016-17: $629,371
  • 2017-18: $629,371
  • 2018-19: $629,371
  • 2019-20: $629,371
  • 2020-21: $1,629,371
  • 2021-22: $3,629,371
  • 2022-23: $7,629,371
  • 2023-24: $8,629,371
  • 2024-25: $8,629,371
  • 2025-26: $2,090,909
  • 2026-27: $2,090,909
  • 2027-28: $2,090,909
  • 2028-29: $2,090,909
  • 2029-30: $2,090,909
  • 2030-31: $2,090,909
  • 2031-32: $2,090,909
  • 2032-33: $2,090,909
  • 2033-34: $2,090,909
  • 2034-35: $2,090,909
  • 2035-36: $2,090,909