A Evgeni Malkin buyout spans 6 years, has a cost of $8,400,000 and savings of $4,200,000. Malkin is 36 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $12,600,000 in salary remaining, the cost is $8,400,000, and the savings are $4,200,000. 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.
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
Cost Calculations
BUYOUT DATE | BASE SALARY REMAINING | S.BONUS REMAINING | YEARS REMAINING | BUYOUT LENGTH | AGE | BUYOUT RATIO | TOTAL COST | TOTAL SAVINGS | ANNUAL COST |
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Jun. 15, 2023 | $12,600,000 | $3,800,000 | 3 | 6 | 36 | 2/3 | $8,400,000 | $4,200,000 | $1,400,000 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT ( PIT) |
2023-24 | $6,000,000 | $6,100,000 | $0 | $1,400,000 | $1,400,000 | $4,600,000 | $6,100,000 |
2024-25 | $5,600,000 | $6,100,000 | $0 | $1,400,000 | $1,400,000 | $4,200,000 | $6,100,000 |
2025-26 | $1,000,000 | $6,100,000 | $3,800,000 | $1,400,000 | $5,200,000 | -$400,000 | $6,100,000 |
2026-27 | $0 | $0 | $0 | $1,400,000 | $1,400,000 | -$1,400,000 | $0 |
2027-28 | $0 | $0 | $0 | $1,400,000 | $1,400,000 | -$1,400,000 | $0 |
2028-29 | $0 | $0 | $0 | $1,400,000 | $1,400,000 | -$1,400,000 | $0 |
TOTAL | $12,600,000 | $18,300,000 | $3,800,000 | $8,400,000 | $12,200,000 | $4,200,000 | $18,300,000 |