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David Backes Buyout Results

A David Backes buyout spans 4 years, has a cost of $2,666,667 and savings of $1,333,333. Backes is 35 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $4,000,000 in salary remaining, the cost is $2,666,667, and the savings are $1,333,333. Buyouts span twice the length of the remaining years and because there are 2 years remaining in the contract, the buyout length is 4 years. The buyout cap hit is displayed in the Cap Hit Calculations table below.

Retained Salary
This contract was involved in a retained salary transaction. The resulting costs and cap hit are therefore split between each team based on the percentage of salary retained by the respective teams.
  • Boston Bruins: 25%
Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jun. 15, 2019$4,000,000$4,000,00024352/3$2,666,667$1,333,333$666,667
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HITCAP HIT (Logo of the Boston BruinsBOS)
2019-20$1,000,000$6,000,000$3,000,000$666,667$3,666,667$333,333$4,250,000$1,416,667
2020-21$3,000,000$6,000,000$1,000,000$666,667$1,666,667$2,333,333$2,750,000$916,667
2021-22$0$0$0$666,667$666,667-$666,667$500,000$166,667
2022-23$0$0$0$666,667$666,667-$666,667$500,000$166,667
TOTAL$4,000,000$12,000,000$4,000,000$2,666,667$6,666,667$1,333,333$8,000,000 (75%)$2,666,668 (25%)