Erik Cernak Buyout Results

A Erik Cernak buyout spans 2 years, has a cost of $1,475,000 and savings of $2,950,000. Cernak is 25 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $4,425,000 in salary remaining, the cost is $1,475,000, and the savings are $2,950,000. Buyouts span twice the length of the remaining years and because there is 1 year remaining in the contract, the buyout length is 2 years. The buyout cap hit is displayed in the Cap Hit Calculations table below.

Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jun. 15, 2022$4,425,000$012251/3$1,475,000$2,950,000$737,500
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT (Logo of the Tampa Bay LightningTBL)
2022-23$4,425,000$2,950,000$0$737,500$737,500$3,687,500-$737,500
2023-24$0$0$0$737,500$737,500-$737,500$737,500
TOTAL$4,425,000$2,950,000$0$1,475,000$1,475,000$2,950,000$0
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