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||BASE SALARY REMAINING||S.BONUS REMAINING||YEARS REMAINING||BUYOUT LENGTH||AGE||BUYOUT RATIO||TOTAL COST||TOTAL SAVINGS||ANNUAL COST|
|Jun. 15, 2022||$12,000,000||$30,500,000||4||8||36||2/3||$8,000,000||$4,000,000||$1,000,000|