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Erik Karlsson Buyout Results

A Erik Karlsson buyout spans 6 years, has a cost of $10,333,333 and savings of $5,166,667. Karlsson is 34 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $15,500,000 in salary remaining, the cost is $10,333,333, and the savings are $5,166,667. Buyouts span twice the length of the remaining years and because there are 3 years remaining in the contract, the buyout length is 6 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.
  • San Jose Sharks: 13%
Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jun. 15, 2024$15,500,000$12,000,00036342/3$10,333,333$5,166,667$1,722,222
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT (Logo of the Pittsburgh PenguinsPIT)CAP HIT (Logo of the San Jose SharksSJS)
2024-25$10,000,000$11,500,000$1,000,000$1,722,222$2,722,222$8,277,778$2,801,932$420,290
2025-26$4,000,000$11,500,000$5,000,000$1,722,222$6,722,222$2,277,778$8,019,324$1,202,898
2026-27$1,500,000$11,500,000$6,000,000$1,722,222$7,722,222-$222,222$10,193,237$1,528,985
2027-28$0$0$0$1,722,222$1,722,222-$1,722,222$1,497,584$224,638
2028-29$0$0$0$1,722,222$1,722,222-$1,722,222$1,497,584$224,638
2029-30$0$0$0$1,722,222$1,722,222-$1,722,222$1,497,584$224,638
TOTAL$15,500,000$34,500,000$12,000,000$10,333,333$22,333,333$5,166,667$25,507,245 (87%)$3,826,087 (13%)