Alex Ovechkin Buyout Results

A Alex Ovechkin buyout spans 8 years, has a cost of $8,000,000 and savings of $4,000,000. Ovechkin is 36 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $12,000,000 in salary remaining, the cost is $8,000,000, and the savings are $4,000,000. Buyouts span twice the length of the remaining years and because there are 4 years remaining in the contract, the buyout length is 8 years. The buyout cap hit is displayed in the Cap Hit Calculations table below.

This is a 35-plus contract and therefore the buyout has no effect on the players cap hit. Please see the Buyout FAQ for more information
Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jun. 15, 2022$12,000,000$30,500,00048362/3$8,000,000$4,000,000$1,000,000
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT (Logo of the Washington CapitalsWSH)
2022-23$1,000,000$9,500,000$9,000,000$1,000,000$10,000,000$0$9,500,000
2023-24$1,000,000$9,500,000$11,500,000$1,000,000$12,500,000$0$9,500,000
2024-25$5,000,000$9,500,000$6,000,000$1,000,000$7,000,000$4,000,000$9,500,000
2025-26$5,000,000$9,500,000$4,000,000$1,000,000$5,000,000$4,000,000$9,500,000
2026-27$0$0$0$1,000,000$1,000,000-$1,000,000$0
2027-28$0$0$0$1,000,000$1,000,000-$1,000,000$0
2028-29$0$0$0$1,000,000$1,000,000-$1,000,000$0
2029-30$0$0$0$1,000,000$1,000,000-$1,000,000$0
TOTAL$12,000,000$38,000,000$30,500,000$8,000,000$38,500,000$4,000,000$38,000,000
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