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Dion Phaneuf Buyout Results

A Dion Phaneuf buyout spans 4 years, has a cost of $5,666,667 and savings of $2,833,333. Phaneuf is 34 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $8,500,000 in salary remaining, the cost is $5,666,667, and the savings are $2,833,333. 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.

This player does not currently have an active contract; however, the buyout details of their previously bought-out contract would be as follows
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.
  • Ottawa Senators: 25%
Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jun. 15, 2019$8,500,000$3,500,00024342/3$5,666,667$2,833,333$1,416,667
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HITCAP HIT (Logo of the Ottawa SenatorsOTT)
2019-20$5,500,000$7,000,000$1,000,000$1,416,667$2,416,667$4,083,333$2,187,500$729,167
2020-21$3,000,000$7,000,000$2,500,000$1,416,667$3,916,667$1,583,333$4,062,500$1,354,167
2021-22$0$0$0$1,416,667$1,416,667-$1,416,667$1,062,500$354,167
2022-23$0$0$0$1,416,667$1,416,667-$1,416,667$1,062,500$354,167
TOTAL$8,500,000$14,000,000$3,500,000$5,666,667$9,166,667$2,833,333$8,375,000 (75%)$2,791,668 (25%)